Plan Proposed to Invest NIS 600 Million to Boost Space Industry in Israel

The new program also includes the establishment of a satellite for research purposes, increasing the number of researchers and high school graduates working in the field.

TEL AVIV (Israel Space Agency PR) — Israel’s strategic plan for space development is unveiled for the first time: an investment of NIS 600 million [USD $179.96 million] over a five-year period, with the aim of doubling the number of local space companies and quadrupling the volume of annual sales in the field. The goals of the program are also, among other things, to increase the number of high school graduates who have dealt in a tangible way in the field as well as the number of space researchers in academia. 

The strategic plan for the advancement of the field of civil space in Israel was presented by the Israel Space Agency to the ministry of Innovation, Science and Technology Orit Farkash-Hacohen. This follows her request to map in detail the space of opportunity as well as the vision, goals and actions required to take advantage of these opportunities. In the background of the program is the dramatic change that has taken place in the field of space in the world in recent years, with the opening of space to entrepreneurs and private investors and its transformation into a growing and developing market. 

“The civil space industry is undergoing a global revolution,” explains Farkash-HaCohen. “This has enormous commercial and economic potential for the Israeli economy and the Israeli high-tech industry.”

The new program, first unveiled today, states that the space sector can be a force multiplier and leverage for significant economic growth, strengthening science and technology components as well as Israel’s international status. The program has four main goals: one is to strengthen and develop the civil space industry in Israel as an engine of sustainable growth; The second, strengthening and supporting scientific research in the field of space; The third is to promote and develop the human capital required for the continued strengthening and growth of the space sector; And fourth, strengthening Israel’s international position in the field of space.

In order to achieve these goals, the program sets a series of measurable goals for the development of the space sector in Israel, such as doubling the number of space companies from at least 60 to 120. The plan also sets a goal of increasing the number of employees in the field from 2,500 to about 10,000 (fourfold), as well as increasing the volume of annual sales of the space sector from $1 billion to $4 billion. 

Another goal of the program is to establish international partnerships in space and increase the Israeli presence in major multinational organizations. As part of this goal, the Israel Space Agency intends, among other things, to invest in international satellite projects. SHALOM, for example, is a commercial and scientific satellite . The Italian Space Agency has several important tasks: environmental monitoring, atmosphere, land and oceans, and precision agriculture, the products of which will enable the development of various applications by commercial entities in Israel, deepening research in the field of remote sensing and other technological developments.

In parallel with goals in industry and the international arena, the program also includes increasing the number of space researchers in academia from 120 to 160 (an increase of 33%) as well as increasing the number of high school graduates who dealt tangibly with space from 200 to 4,000.

The Israel Space Agency considers the interaction between the above objectives to be of great importance. In general and a sense of ability for the field of space in particular. In order to enable the assimilation of the use of space products in government activities and other bodies, while supporting industry and research, the space agency’s new program also includes the establishment of a national space-based knowledge center. 

“The civilian space industry is undergoing a global revolution. This has enormous commercial and economic potential for the Israeli economy and the Israeli high-tech industry,” said Orit Farkash-HaCohen. “The plan I commissioned the space agency to prepare for the advancement of this field will continue to develop the space industry in Israel in line with future trends and will contribute the vast assets and information that Israel has in this field to the defense industry for civilian uses.

Hila Hadad-Khmelnik, Director General of the Ministry of Innovation, Science and Technology, added that “we are at a critical moment where space is changing from a government event to a private market event, and there is a huge opportunity for the State of Israel. Strategic investment in the field of space is critical to the civic resilience of the State of Israel, both economically and internationally. This is a growing market and the State of Israel can reach a market share of 1% of it – which will lead to huge profits for the Israeli companies engaged in the field and for the entire country. In the strategic plan we have chosen to focus on 4 aspects: significant strengthening of the civil space industry; Political aspects of the field, further strengthening research; And on the subject of education and community, which is an attraction to all the worlds of science and technology. “