UK’s №1 Electricity & Gas Supplier Centrica Launched a £100 Million Innovation Fund in Israel

Centrica Innovations, the incubator / accelerator arm of Centrica PLC, UK’s largest supplier of electricity and gas, launched a new £100 million innovations fund in Israel.

Centrica Innovations, announced on February 2017, was created and purposed to “identify, incubate and accelerate new technologies and innovations, thereby creating new options for growth and embedding innovation across the company”.

Jonathan Tudor, Centrica Innovations’ Director of Technology & Innovation Strategy, in a blog post on one of Israel’s leading English speaking newspapers, explained why Centrica chose Israel for the launch of the fund: “At Centrica Innovations we’re looking to invest […] in the very best ideas and businesses, and believe that Israel offers access to both great tech and some of the world’s greatest entrepreneurs and innovators”.