Karat, the internal venture unit of Israel Electric Corporation (IEC), provides a framework of investment and support services designed to develop, advance, and commercialize innovative ideas in energy-related fields. This initiative follows the growing global need for solutions in the areas of green electric energy, lower energy costs, and higher system efficiency, with the goalof decreasing global dependency on carbon fuels.
Karat invites entrepreneurs, innovators, inventors, and others to submit ideas and proposals in energy-related fields. Selected proposals are nurtured to become early-stage business ventures operating within the Karat framework.
Those selected receive financial support, access to IEC's large pool of experts, the use of a live electric network for validation and testing, business development services, access to global strategic partners, and any other assistance needed in order to achieve commercial success.