20 In renewable energy,DLAPiper supportedEnlight,a Tel Aviv public company, as it invested in the ready-to-build Björnberget wind park project in central Sweden, one of the largest wind projects in Europe. The project reached financial close in May 2021. Meanwhile, Israeli wave energy company, Eco Wave Power, which has developed technology to convert wave power into electricity, is traded in Sweden on theNASDAQFirst North Stock Exchange. Underlining Israel’s innovation also in the healthcare sector – Surgical Science Sweden bought Simbionix, the surgical simulation and training company, from 3D Systems for USD 305 million, with Israeli law firm EBN advising the Swedish buyer, with Winston Strawn, while Gornitzky & Co. and Hunton Andrews Kurth represented the seller. Together, Vinnova, Business Sweden, the Swedish Trade and Invest Council, and the Swedish Embassy in Israel have launched a collaborative partnership with Israel and Tel Aviv-based non-profit organization Startup Nation Central (SNC), to promote innovative research and development projects. As part of the joint initiative, called The Connector, is a matchmaking event connecting Swedish and Israeli companies and will aim to catalyze joint market-oriented, innovative R&D projects between the two countries. The initiative is open to start-ups at all stages, multinational corporations that operate in both Sweden and Israel, large companies, research institutions, and academics. Israel andFinlandare alsoboth leading innovation economieswith technology and entrepreneurship at their core, leading to the potential for greater collaborations between Helsinki and Tel Aviv. “It was great that Israeli imports from Finland grew over 30% between 2019 and 2020, that is a record number! In Finland, there is aMoUconcerning industrial R&Dand aMoUabout technology piloting between Helsinki and the Israel Innovation Authority. Our plan is to revitalize these in 2022,” says Sami Jääskeläinen, Counsellor in Trade and Investment, at the Ministry of Foreign Affairs for Finland. “Israel has always been very strong B2B ecosystem, and I think that Finnish B2C solutions could have plenty of opportunities in Israel to complement the ecosystem,” he adds. Israel and Sweden to collaborate on renewables, life science, precision agriculture, water and more The Connector - a match-making event connecting Swedish and Israeli companies The technology industry is Finland's largest export sector
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