symbol
Peres presents economic plan to OECD, hears praise from Gurria

Peres presents economic plan to OECD, hears praise from Gurria

category: Uncategorized
Peres presents economic plan to OECD, hears praise from Gurria On a visit to Paris Friday, President Shimon Peres presented an economic plan to involve multinational corporations in addressing the economic needs of developing
Read more
“A big day for Israeli hi-tech” – Intucell acquired by Cisco for $475M

“A big day for Israeli hi-tech” – Intucell acquired by Cisco for $475M

category: General Info

“A big day for Israeli hi-tech” – Intucell acquired by Cisco for $475M

“Today is also a big day for the Israeli startup scene, which will gain even more respect for developing cutting edge technologies applicable to companies around the world,” reported Josh Constine in TechCrunch. Israel Trade & Economic Office, Embassy of Israel

Read more
U.S. Water Industry Heads Network with Start-ups in Tel Aviv

U.S. Water Industry Heads Network with Start-ups in Tel Aviv

category: General Info

[caption id="attachment_946" align="alignright" width="100"] Panel: McIntire, Jones, Tunnicliffe[/caption] “Israel has some of the largest and most innovative water projects in the world,” said Peter Tunnicliffe, Executive VP Global Market Development at CDM Smith. Tunnicliffe spoke as part of a delegation of over 40 heads of water solution companies, investors and government representatives who are in Israel this week, meeting with Israeli start-up companies and seeking out the next breakthrough technology and company in the water arena. Yesterday’s event was a networking session organized by CleanIsrael and sponsored by Autodesk and featuring speakers from multi-billion dollar revenue companies from the U.S. One of the themes that rose from the panel and from discussions that followed it, was the need to create an ecosystem to support innovation, and this is why a number of government representative from Massachusetts came on the delegation. Massachusetts, like Israel, has strong academic, industrial, and investment community resources in the water arena, but the challenge is to have this entire ecosystem work efficiently together to enable innovative technologies to be implemented.
Panel: McIntire, Jones, Tunnicliffe
We spoke with Karen Golmer, a water professional with 30 years of experience (having worked for GE, and today serving as Global Executive Director Water & Energy Solutions at Diversey). “I came here to learn how things are done in Israel, how the ecosystem here works effectively,” said Golmer. When asked what it is about Israel’s water industry that makes it stand out she said, “I think there is no fear of failure in Israel,” and this openness to risk-taking is a key success factor. Chris McIntire, SVP & President, Analytics at Xylem, told of how he founded a company which in time was bought by the ITT Corporation and became Xylem, and of what he looks for when scouting out the next technology breakthrough. Regular engineering services are being commoditized, and this, according to Pete Tunnicliffe, is why water companies like CDM Smith and Xylem are always looking for the next innovative idea. When asked about the barriers that technology companies face from municipalities on the way to implementation, Tunnicliffe noted that he thinks municipalities are loosening limitations a little. “Innovations are necessary to increase efficiency. At the end of the day this saves money, and that’s the main driver in the market today.” Also on the panel was Earl Jones, Member of Liberation Capital, which recently invested over $6 million in Desalitech, invested in a second Israeli company (which Jones did not name) and is about to close a third such investment. “The work ethic and team effort here is like nothing else on the planet,” said Jones. His recommendation to start-ups? Connect to solution providers like CDM Smith and Xylem, who can provide the valuable connection to clients.
Read more
Israel Securities Authority joins IOSCO European Regional Committee

Israel Securities Authority joins IOSCO European Regional Committee

category: General Info
The International Organization of Securities Commissions (IOSCO) has approved the Israel Securities Authority's application to join its European Regional Committee (ERC) as a full member, after a unanimous vote by all 24 IOSCO members at its annual con...
Read more
Bar Refaeli invests in smartphone payment app MyCheck

Bar Refaeli invests in smartphone payment app MyCheck

category: General Info
Refaeli, together with the Saban, Wertheimer, and Elroi families have invested $1.7 million in the company. Bar Refaeli has invested in smartphone payment app developer MyCheck Ltd. as the company tries to enter the field with high profile investors, ...
Read more
Cleantech and Startup investor Pitango Closes $150M for new venture capital fund

Cleantech and Startup investor Pitango Closes $150M for new venture capital fund

category: General Info
Pitango announced the first closing of its VI Fund, out of a planned overall venture capital fund of $250 million. Pitango Venture Capital has announced the $150 million first closing of its Pitango VI, sixth fund. The key to today's announcement was ...
Read more
Israeli startup Ginger gets $5M infusion

Israeli startup Ginger gets $5M infusion

category: General Info
Via Ynet Hong Kong billionaire Li Ka-shing takes a shine to local businesses; opts to finance online proofreading software developer   Hutchison's controlling shareholder, Hong Kong billionaire Li Ka-shing, announced that he will invest $5 mill...
Read more
Is Jerusalem the next Silicon Valley? CNN Clip

Is Jerusalem the next Silicon Valley? CNN Clip

category: General Info

Is Jerusalem the next Silicon Valley? CNN Clip

CNN’s Elise Labott spoke with entrepreneur and investor Erel Margalit, head of Jerusalem Venture Partners (JVP),  a leading Israeli venture capital firm with over $900 million under management.  Born on a kibbutz, the son

Israel Trade & Economic Office, Embassy of Israel

Read more
Wired Magazine crowns Tel Aviv #2 tech start-up city in the world, and lists hottest companies

Wired Magazine crowns Tel Aviv #2 tech start-up city in the world, and lists hottest companies

category: General Info
Wired Magazine has crowned Tel Aviv the world's second largest center for technology start-ups after Silicon Valley, Haaretz.com reported. As part of a special feature for its September issue the science and technology magazine created a list of 10 Eur...
Read more
Minister of Finance met Cisco Systems Chairman and CEO to discuss further investments in Israel.

Minister of Finance met Cisco Systems Chairman and CEO to discuss further investments in Israel.

category: General Info
Minister of Finance Dr. Yuval Steinitz met this morning in his Jerusalem office with John Chambers, Chairman and CEO of Cisco Systems Inc. The two had a lengthy discussion on cooperation between the Ministry of Finance and Cisco Systems, with the aim o...
Read more