{"id":8253,"date":"2026-04-09T10:38:47","date_gmt":"2026-04-09T10:38:47","guid":{"rendered":"https:\/\/forbes.co.il\/e\/?p=8253"},"modified":"2026-04-09T10:38:49","modified_gmt":"2026-04-09T10:38:49","slug":"europes-path-to-tech-independence-runs-through-israel","status":"publish","type":"post","link":"https:\/\/forbes.co.il\/e\/europes-path-to-tech-independence-runs-through-israel\/","title":{"rendered":"Europe\u2019s Path to Tech Independence Runs Through Israel"},"content":{"rendered":"\n<p>I\u2019ve written extensively about Europe and its tech sector for many years.&nbsp;For some, it seems slow, stagnant, and tied up in regulatory bureaucracy. For others, it is a champion in responsible data protection and privacy laws that spread across the world.&nbsp;Either way, the continent should not be disregarded when we discuss tech ecosystems and innovation coming from startups and large corporations.<\/p>\n\n\n\n<p>The bloc has undergone a bit of scrutiny since Mario Draghi delivered&nbsp;<a href=\"https:\/\/commission.europa.eu\/topics\/competitiveness\/draghi-report_en\" target=\"_blank\" rel=\"noreferrer noopener\">his report&nbsp;<\/a>on European competitiveness to the European Commission in September 2024. Its diagnosis showed slowing productivity, demographic challenges, rising energy costs, and increased global competition as the forces putting pressure on Europe&#8217;s long-term prosperity.<\/p>\n\n\n\n<p>Europe&#8217;s productivity gap with the United States was being driven, in significant part, by a failure to adopt technology at scale. What followed was a significant reorientation of sovereign wealth toward tech investment: governments funneling capital into venture funds, seed programs, and national innovation vehicles, all aimed at catching up.<\/p>\n\n\n\n<p>\u201cEurope realized that the US is taking care of the US, especially today,\u201d said Eran Westman, Managing Partner of Planven, a Zurich-based fund with roughly $300 million in assets under management. \u201cAnd if Europe wants to have its own independence on the technology, it can also be, of course, in defense and other aspects, Europe should take care of Europe.\u201d<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"Europe\u2019s Path to Tech Independence Runs Through Israel - #0064, Eran Westman\" width=\"800\" height=\"450\" src=\"https:\/\/www.youtube.com\/embed\/F1Y6ytjznbc?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>Westman joined Planven in 2024 to lead its Israeli expansion. His vantage point sits at the intersection of European capital and Israeli innovation, which he sees can offer a structural opening that Israeli companies are uniquely positioned to fill. Companies born out of Startup Nation can bring something to Europe&#8217;s sovereign capital push: decades of accumulated instinct for scaling across borders and for navigating unfamiliar regulatory regimes.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Israel\u2019s Numbers in Europe<\/h2>\n\n\n\n<p>Many companies in Israel immediately consider expansion and look toward the US. And the perception of European-Israeli relations in tech tends to be shaped by political noise. The reality, documented in hard data, tells a different story.<\/p>\n\n\n\n<p>For example, a report published in late 2025 by Planven, EIT Hub Israel, and KPMG mapped the footprint of Israeli technology companies across Europe and found not retreat but deepening integration. As&nbsp;<a href=\"https:\/\/www.jns.org\/israel-news\/despite-rise-in-antisemitism-israeli-tech-expands-across-europe\" target=\"_blank\" rel=\"noreferrer noopener\">I wrote for JNS<\/a>&nbsp;at the time, more than 1,600 Israeli tech companies now employ over 30,000 people across Europe, with a 4.8% annual growth rate over the past three years.<\/p>\n\n\n\n<p>The report highlights strong alignment between Israeli strengths in AI, cybersecurity, healthtech, defense, and climate tech and EU strategic priorities for 2024\u20132029, particularly in security, sustainability, and digital infrastructure. That alignment matches the sectors that Europe has identified as the most urgent need for strategic autonomy and where Israeli companies have the deepest bench.<\/p>\n\n\n\n<p>In September 2025, Planven exited Nozomi Networks \u2014 an Italian-Swiss company protecting operational technology infrastructure across power grids and railways \u2014 in a billion-dollar all-cash sale to Mitsubishi Electric. The company had been profitable for approximately 18 months before the deal closed.<\/p>\n\n\n\n<p>Its exit demonstrates that a company built at the intersection of European engineering and Israeli-style security expertise can produce a world-class outcome, and it can also show the EU&#8217;s emerging defensetech conversation: Protecting critical infrastructure is not a peripheral tech problem. It sits directly inside the strategic autonomy agenda that the Draghi Report put at the center of European competitiveness policy.<\/p>\n\n\n\n<p>The data shows that European-Israeli business collaboration has continued to grow through the current conflict period \u2014 a signal of the difference between political weather and structural economic logic. \u201cThe continent may protest Israel politically, but economically, it is building a future that relies on Israeli innovation,\u201d I wrote last year.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">The Antisemitism Tension<\/h2>\n\n\n\n<p>The same period that produced these numbers also saw documented rises in antisemitism across European cities, EU-level noises about sanctions on Israel during the latter stages of the Gaza conflict, and a political climate that has, at various points, made the Israeli flag a contentious symbol in European public spaces.<\/p>\n\n\n\n<p>Westman is careful on this point, and it is worth taking his care seriously. He speaks from a specific vantage point: the deal table, the LP meeting, the board room \u2014 and he is explicit about what he can and cannot claim. \u201cI have not met with any antisemitic comment, a question, or approach during the time that I\u2019ve been&#8230; I speak with the ecosystem, other VCs, investors, LPs, companies, partners, all the ecosystem.\u201d<\/p>\n\n\n\n<p>He notes that he does encounter concern about operational continuity for Israeli companies during wartime. Questions about whether engineers can still reach the office. About what happens to a company when its CEO is called up for reserve duty. These are legitimate business anxieties, not antisemitic ones.<\/p>\n\n\n\n<p>\u201cThere were some noises in the EU in the later part of the Gaza war in August, September of last year,\u201d he acknowledged. \u201cMaybe there will be some sanctions from the EU on Israel. So these were some issues that were maybe coming \u2014 but again, nothing that I can directly connect to any antisemitic comment.\u201d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Looking Ahead<\/h2>\n\n\n\n<p>Westman is optimistic about the decade ahead. The deal flow he reviews weekly has improved materially in quality over his two years at Planven. European founders are arriving at first meetings with more global ambition than he had seen before. The capital environment, for all its structural gaps, is maturing.<\/p>\n\n\n\n<p>But the honest version of the story holds the tension rather than resolving it. European sovereign capital is being deployed by the same governments whose foreign policy toward Israel remains complicated and variable. The business relationships have proven durable so far. Whether that durability persists as the geopolitical environment continues to shift is the question nobody in Westman\u2019s world can fully answer.<\/p>\n\n\n\n<p>What the numbers show, and what his experience confirms, is that the economic logic of the Israel-Europe tech relationship is stronger than the political conversations around it. Europe needs what Israel has built. And Israeli companies, for all the complexity of the European market, cannot afford to ignore a customer base of 450 million people sitting a few hours\u2019 flight away.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the continent pushes for tech sovereignty away from America, Israeli companies are becoming an unlikely part of its economic foundation.<\/p>\n","protected":false},"author":106,"featured_media":8255,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8253","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Europe\u2019s Path to Tech Independence Runs Through Israel - Forbes Israel<\/title>\n<meta name=\"description\" content=\"As the continent pushes for tech sovereignty away from America, Israeli companies are becoming an unlikely part of its economic foundation.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/forbes.co.il\/e\/europes-path-to-tech-independence-runs-through-israel\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Europe\u2019s Path to Tech Independence Runs Through Israel - 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