The agricultural technology (agritech) industry deals with significant questions about the future of mankind. Companies and academic institutions in the agritech sector deal regularly with issues such as feeding the world’s growing population, reducing the negative impacts on the environment caused by agriculture, overcoming a lack of fresh water, and others. As a result, investment in the agritech industry has increased over the past few years. Israel is one of the global leaders in agritech with 280 related companies, and 200 exporters of agritech services and products. The export turnover of the Israeli agritech sector is estimated at US$4bn a year.
Israel's unique agricultural challenges include, among other things, extremely hot weather, insufficient natural fresh water sources, and unsuitable soil. These challenges, coupled with the high level of entrepreneurship and substantial R&D investment, contributed to the development of the Israeli agritech sector.