E.ON goes to Tel Aviv

Vaiva
PR and Communications Manager
Vaiva Seskeviciute

The Startup Nation

Over the last few years, a number of companies have turned to Israel for innovation. E.ON is no longer an exception. Led by the :agile accelerator and Strategic Co-investment teams, E.ON is making its first solid steps in the Israeli startup market, with the first stop being a Corporate Challenge on Cyber Security.

Why Israel? Israel has earned the title of “The Startup Nation”. It has the largest number of startups per capita in the world, with a dynamic and ambitious culture as well as government initiatives for entrepreneurs.

With the mission of making the region a major source of talent and expertise, Israeli startups have a special focus on the cybersecurity domain – an area E.ON has chosen for their first Corporate Challenge in December this year. The goal is clear: to create long-term partnerships with leading startups in the area that can address challenges E.ON is facing.

Tel-Aviv

Dr. Philipp Ulbrich, Vice President of Strategic Co-Investment and Managing Director of :agile accelerator, explains “There are two things that position Israel as a leader in the startup world. Firstly, the density of high-tech startups is far higher than elsewhere in the world, especially in IoT and Cyber. Secondly, Israeli entrepreneurs are very agile and rapidly take up new challenges, even if it means reconsidering the solutions they developed.”

With the mission of making the region a major source of talent and expertise, Israeli startups have a special focus on the cybersecurity domain – an area E.ON has chosen for their first Corporate Challenge in December this year. The goal is clear: to create long-term partnerships with leading startups in the area that can address challenges E.ON is facing.

There are two things that position Israel as a leader in the startup world. Firstly, the density of high-tech startups is far higher than elsewhere in the world, especially in IoT and Cyber. Secondly, Israeli entrepreneurs are very agile and rapidly take up new challenges, even if it means reconsidering the solutions they developed.


Dr. Philipp Ulbrich, Vice President of Strategic Co-Investment and Managing Director of :agile accelerator

“We are mainly looking for solutions we can use to make our critical infrastructure assets more secure,” says Rene Rindermann, Chief Information Security Officer at E.ON. “We are also interested in startups that support assets discovery and inventory, which is quite a challenge in times of digitization because of the fast changes in networks and devices. Finally, we seek to find innovative solutions that can prevent, identify and mitigate attacks.”

Over 30 startups have applied to the E.ON Corporate Challenge and seven of them were selected to the final round. On 3 December the finalists will have a chance to work on their solutions with E.ON mentors in Tel Aviv and prove that their concept can be adopted to E.ON systems. The winning startup will be awarded with a paid pilot with E.ON Information Security, starting next year.

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