Leading Big Four consultancy firm Deloitte has launched the Innovation Tech Terminal (ITT) in Tel Aviv, Israel, aiming to support enterprises interested in exploring innovative ideas, technologies, and capabilities outside their own walls.

Israel is a leading startup ecosystem with nearly 6,000 startups currently working on disruptive technologies such as cyber, mobile, and blockchain technologies in the financial services industry, automotive and mobility solutions, digital health, the Internet of things, and sports technologies. Deloitte said that ITT aims to help U.S. and global clients access and leverage the Israeli innovation ecosystem through immersion tours and scouting services.

"The ITT opens doors for multinational clients who wish to become part of the innovative technological hub that is Israel," said Amit Harel, director, Deloitte Israel. "Our dedicated team provides service offerings including scouting services and immersion tours to connect clients with startups that align with their business and strategic goals. Clients also visit with local and global venture capital firms and government officials as part of an immersion tour to better understand the environment and opportunities in Israel."

The ITT will provide a platform to clients to meet with quality startups, entrepreneurs and stakeholders, and to experience disruptive technologies firsthand.

"Deloitte has a unique ability to scan and identify emerging technologies, trends, and startups and introduce clients to potential alliance partners based on relationships we have with innovative incubators, accelerators, venture capital firms, and think tanks across academia, industries, professional organizations and other businesses”, said Jeff Schwartz, principal, Deloitte Consulting LLP. “The ITT allows us to expand the reach of that work by helping clients establish relationships in the fast-growing and highly innovative Israeli startup market."

Deloitte will maintain a dedicated core team of ITT professionals from Israel and the U.S. to work together in Tel Aviv to establish relationships with key ecosystem players, conduct research, build content and deliver solutions to clients.

The announcement follows the formation of Deloitte Catalyst in October, which is a network of leading startups working to help business harness transformative technologies, blockchain, and IoT.