Square One Labs News
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SolarEdge founders launch $30M Square One Labs to back Israel’s energy future | CTech
Square One Labs, a new fund established by Israeli entrepreneurs including Amir Fishelov and Yoav Galin, aims to invest in energy, industrial technologies, and robotics startups. With $30 million raised from investors like the Israel Innovation Authority and Doral Energy-Tech Ventures, the fund will operate through a venture capital model and a Build program to support early-stage companies. The Build program, backed by public and private capital, is eligible for grants up to 40 million shekels. The launch aligns with a global surge in electricity demand, driven by electrification and AI-driven server farms. The initiative highlights the critical role of efficient electricity in technological advancements.
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Square One Labs Build and Edge Medical Ventures will each secure NIS 40 million over five years aimed at creating dozens of startups in energy, infrastructure, and medical technology.
The Israel Innovation Authority has selected two new Deep Tech incubators, Square One Labs Build and Edge Medical Ventures, to foster the creation of startups in energy, infrastructure, and medical technology. Each incubator will receive up to NIS 40 million in government funding, with additional private investment expected to exceed NIS 120 million. Square One Labs Build will focus on energy and infrastructure, backed by Israeli corporations like Doral Energy-Tech Ventures. Edge Medical Ventures will specialize in medical devices, supported by entities such as Boston Scientific. This initiative aims to accelerate early-stage innovation by blending public and private capital, providing startups with resources like advanced labs and strategic partnerships.
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