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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
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4 Israeli apps competing in MWC Barcelona

4 Israeli apps competing in MWC Barcelona

category: General Info

MWC Barcelona is coming up quickly next week, and as YnetNews reported, 4 Israeli apps are competing in the prestigious Global Mobile Awards competition. Nagivation app develope Waze is in nominated in the main category, Judges Choice – Best Overall Mobile App, and will compete against four of the world's most famous applications: The Dropbox file hosting service, the Flipboard technology news application, the Sky Sports F1 software and the Square electronic payment service. Isracard's application is nominated in the Best NFC/ Mobile Money Product or Service category. The application, which was developed by Raanana-based YKM, combines MyCheck's mobile payment technology, allowing users to pay at businesses, gas stations and restaurants without presenting an actual credit card. Israeli uTest, a "marketplace for software testing services," which brings together companies and software testers all over the world, is nominated in the Best Enterprise Mobile Service category. Intucell, which develops mobile network management technologies and was recently sold to Cisco for $475 million, is nominated in the Best Mobile Infrastructure category for a special Self-Optimizing Network (SON) project it conducted with AT&T. Some 1,500 companies from 205 countries will display their products at the MWC exhibition, which opens on February 25. Israel will be represented by more than 100 companies – the fourth largest presence in the event after the United States, the United Kingdom and France. For the full YnetNews article click here. Also click here to read about an exciting new startup developing a navigation app - Moovit (WAZE's "little sister" an app for public transport riders).
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CleanTech Map of the world launched – highlights Israeli technologies

CleanTech Map of the world launched – highlights Israeli technologies

category: General Info

Israel NewTech is launching an exciting new tool to showcase Israeli companies’ projects in the cleantech arena throughout the world – the CleanTech Map. This Facebook application allows visitors to view Israeli cleantech projects and installations anywhere in the world. Visitors simply go into the map, and search by either category and subcategory (for example – water- desalination) or by browsing the map. Visitors may then read about each project, view photos or clips, and contact the company. “We’re very excited about this new application,” says Adi Yefet-Beeri, who is responsible for the water sector at Israel NewTech. “Our objective is to open doors for Israeli companies around the world, and to inform about Israeli technology innovations, and this is a perfect vehicle for doing so. We believe it will be a strong marketing tool that all Israeli cleantech companies – from water, to alternative energy, agriculture and environment – can benefit from and use to advance themselves internationally.” “Israel is already known as an innovation leader in water and renewable energy,” says Ophir Gore, who is responsible for renewable energy at Israel NewTech. “We are showing that, beyond technology breakthroughs, Israel’s water and alternative energy industries are mature. There are hundreds of installations, functioning projects by both young and mature companies, providing cleantech services around the world.” Oded Distel, head of Israel NewTech, summarizes, “Israel’s cleantech industry is experiencing a tremendous momentum. When the Israel NewTech program began its activity in 2006 Israel’s exports in the water sector totaled $600 Million, in 2011 they already reached $2 Billion. Our program is dedicated to continuing to provide maximum international exposure to Israel’s cleantech companies, and this Cleantech Map is another important tool in our efforts.” You are welcome to visit the Cleantech Map and see Israeli companies’ projects around the world by clicking here. Some of Israel’s largest companies, along with innovative start-ups already have projects on the map, including: AmiadTahalChromagenDiffusaireEmefcySolaris EnergyPower SinesMapal, and Takadu. The projects span the world from Australia, India, Nepal, Mongolia in the East, to the U.S. Brazil, Mexico, Equador in the Americas, as well as Europe and of course Israel.  

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“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

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Israel’s life sciences success stories

Israel’s life sciences success stories

category: General Info

Israel's life sciences industry is a great source of national pride. Although they are not as famous as their high-tech peers, when a life sciences entrepreneur meets a patient whose life he saved or improved thanks to his discovery or invention, the emotion is just as important. Globes recently overviewed the most successful Israeli companies in the life sciences and medical arenas.  Here's the wrap-up: Brainsway - Founded in 2003, on the basis of an idea developed by scientists at the US National Institutes of Health. Its current market cap is  $127 million. It has developed the Deep TMS (transcranial magnetic stimulation) therapy for the treatment of neurological and mental disorders. Deep TMS has obtained certification from the US Food and Drug Administration (FDA) and other national health agencies for the treatment of depression, and the company is readying for its first sales. Compugen - Founded in 1993. It's current market cap is $200 Million. The company has developed an in silico discovery platform for oncology and immunotherapy drug candidates. In 2005, the company established a business model based on the development of drug candidates through the preclinical trial stage, at which point it commercializes them to big pharma companies. In 2010, it narrowed its focus to the development of oncology and immunology drugs, and to develop them to the pre-investigational new drug (IND) stage ahead of human clinical trials. Kamada  - Founded in 1991. Its current market cap is $268 Million, and it is planning an offering on Nasdaq. Development of therapeutics derived from human plasma for the treatment of pulmonary and inflammatory diseases. The company already sells Glassia (an Alpha-1 Antitrypsin (AAT) protein for the treatment of AAT deficiency) for the treatment of congenital emphysema and is developing an inhalable version of the drug. The company has discovered that the AAT1 protein may also be able to treat cystic fibrosis, chronic obstructive pulmonary disease (COPD), and diabetes, suggesting a very promising future. Prolor Biotech - Founded in 1991, and with a current market cap of $295 Million. The company is developing proprietary versions of already-approved therapeutic proteins to extend their lifespans with no loss of efficacy. It has completed a Phase II clinical trial of its longer-lasting human growth hormone therapy. Dr. Fuad Fares from the Druze village of Hurfeish founded Prolor at the Technion Israel Institute of Technology incubator, on the basis of know-how acquired from the University of Washington. The company's Carboxyl Terminal Peptide technology is attached to existing therapeutic proteins, extending their lifespans. The molecule is produced by pregnant women to protect the pregnancy. In addition to the human growth hormone treatment, Prolor has other products under development and enough cash to complete clinical trials on its leading candidates. Protalix Biotherapeutics - Founded in 1994 and has a current market cap of $482 Million. The company is developing biological therapies based on recombinant therapeutic proteins derived from its ProCellEx plant cell based protein. The company has obtained US FDA approval of Elelyso for the treatment of Gaucher's diseas. Protalix is the first company in the world to produce a human protein from plant cells. It has genetically engineered carrot cells to produce a human protein, which is lacking in patients with Gaucher's disease. Although there is already an animal-cell based treatment on the market, use of plant-cell based proteins is cheaper and safer from contamination. RedHill Biopharma - Founded in 2009 and with a current market cap of $64 Million, the company is developing new, improved, and patented formulations and combinations of existing drugs for the treatment of Crohn's Disease, oncology support, migraines, and heart attacks. It has completed pivotal Phase II/III clinical trials for its generic improved treatments for migraines and for nausea and vomiting in cancer patients. It treatment for Crohn's Disease is undergoing a Phase III clinical trial. Aposense - Founded in 1996, the company has a market cap of $33 Million. The company is developing rationally designed small molecules to identify apoptosis (programmed cell death) or target apoptosis in vivo, to create personalized patient care in oncology, cardiology and neurology. Although the possible applications of Aposense's technology are almost limitless, it has initially focused on two: an oncology treatment and a tumor diagnostic and monitoring product to test a treatment's effect. Pluristem Therapeutics  - Founded in 2002 and has a current market cap of $201 Million. The company is developing placenta-based cell therapies using patented PLX (PLacental eXpanded) cells. Pluristem's lead product is a treatment for peripheral artery disease (PAD), which is set for a Phase II/III clinical trial. InsuLine Medical - Founded in 2007 and has a current market cap of $60 Million. The company has developed a device to warm the insulin injection point to improve its absorption by the bloodstream, and is set to begin sales in Germany. Insuline aims to imitate the pancreas to improve the absorption of artificial insulin. The company's device is designed for insulin pumps (the InsuPad) and ordinary syringes (InsuPatch insulin pump). The InsuPad has EU CE Mark certification, and the safety clinical trial, conducted under US Food and Drug Administration (FDA) protocols, of the InsuPatch, met its primary endpoints. Keryx Biopharmaceuticals - Founded in 1999, the company has a current market cap of $207 million. It is developing treatment for kidney diseases. The company is conducting a Phase III clinical trial, under FDA protocols, of Zenerex for the treatment of hyperphosphatemia (elevated phosphate levels) in patients with end-stage renal disease, and its Japanese partners are conducting a Phase III trial in Japan. Medgenics - Founded in 2000, it has a current market cap of $87 million. The company is developing a biological biopump for patients to produce, within their bodies and on a long-term basis, their own natural human protein therapy for the treatment of a anemia, hepatitis, and other diseases. Intec Pharma - Founded in 2000, and has a current market cap of $75 million. The company is developing a proprietary accordion pill for the controlled release of existing medications' active pharmaceutical ingredient.The company has completed Phase II clinical trials of Levadopa for the treatment of Parkinson's disease and of Zaleplon for the treatment of insomnia. More products are in the pipeline. For the full Globes article, by Gali Weinreb and Tali Tsipori, click here.  
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Israel’s IDE to help build largest desalination plant in U.S.

Israel’s IDE to help build largest desalination plant in U.S.

category: General Info

Israel NewTech reported that IDE Technologies will take part in the building and maintaining of what will be the largest desalination plant in the U.S., using the company's reverse osmosis technology, under a deal that totals $650 Million for IDE. As reported in Globes, IDE  has signed a $150 million contract with one of the largest desalination ventures in the US to plan and supply equipment for the plant, which will be built near the Encina power station in Carlsabad, in San Diego County, California. Reuters estimated the plant to be a nearly $1 Billion project and stated that its objective is to help alleviate the region’s water shortage. The facility, expected to begin operations in 2016, will produce 54 million gallons (204,412 cubic meters) of potable water each day, making it the largest sea water desalination plant in the United States, IDE said in a statement on Thursday. The company also reached a 30-year operation and maintenance agreement with Poseidon Resources, which last week said it had secured $922 million funding for the project. Poseidon Resources, a subsidiary of Poseidon Water, said the treated water will be delivered into San Diego County's water system. The plant will use IDE's reverse osmosis technology, which requires less energy and is friendlier to the environment than thermal-based systems. It is part of a plan to have 7% of the region's water supply come from desalinated sea water by 2020. “The Carlsbad Desalination Project is a significant milestone for us, California and the U.S. at large, as we believe it will set the stage for the future of desalination in America,” said Avshalom Felber (in WaterWorld), CEO of IDE Technologies Ltd. “For decades, we’ve successfully completed similar projects in countries all over the world, and we’re excited to be a part of what will be the largest desalination plant in the U.S." Waterworld also quoted Mark Lambert, CEO of IDE Americas, “Our view is that the Carlsbad project that we’re about to embark upon will accelerate both the visibility of desalination in North America and the ability of potential clients, both public and private, to understand how creative project delivery, creative finance and innovative process design allow these types of projects to happen. The movement in the U.S. toward desalination has been a long time coming, and we’re ready to lead the charge.” IDE is also helping to construct the largest reverse osmosis plant in the world in Israel. The company is jointly owned by Israeli conglomerate Delek Group and Israel Chemicals.
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The most promising Israeli startups for 2013

The most promising Israeli startups for 2013

category: General Info

The most promising Israeli startups for 2013

This year Tel Aviv was named the 2nd best high-tech center in the world . Orli Yakuel, writing for TNW, gives us the rundown on the coolest Israeli startups to keep an eye on in

Israel Trade & Economic Office, Embassy of Israel

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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.
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Israeli delegation brings urban water expertise to India

Israeli delegation brings urban water expertise to India

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“There is a an almost uncanny fit between India’s needs in the urban water arena, and what Israeli companies are able to offer,” so says Abraham Tenne, VP Desalination at Israel’s Water Authority following a visit last week to India. The visit was one implementation of an agreement signed this past February between the two nations aimed at fostering cooperation, with a focus on urban water management. The delegation of Israeli water experts included, in addition to Tenne, Oded Distel, head of Israel NewTechZohar Yinon, CEO of the Jerusalem Water Authority “Hagihon” , and Elisha Arad of the Standards Institute of Israel. The experts toured the Raipur water system, as guests of Taran Prakash Sinha, Commissioner, Municipal Corporation Raipur. Raipur is the capital city of the state of Chhattisgarh, with a population of over a million, and its urban water system is in need of a major transformation. The Indian participants in the Raipur visit were very interested in learning from Israel’s experience in the management of water systems and urban wastewater. [caption id="attachment_941" align="alignright" width="74"] Distel and delegation tour India[/caption] Following this visit, the delegation continued on to Delhi, for a seminar sponsored by the Indian Ministry of Urban Planning. The seminar was attended by 50 representatives of urban water utilities from all over India. We spoke with Oded Distel just after the event. “India presents huge challenges in urban water planning. First and foremost, a change in ‘concept’ is needed, one in which people begin to perceive water as the precious resource that it is.” Distel continued, “Once this change in perception occurs, then changes can be achieved in urban water supply, management, measurement, pricing and collection. This is a very dramatic change, but the community of Indian urban water professionals appears poised to make it.” Abraham Tenne of the Israel Water Authority also told us about the Delhi conference. “India today is roughly in the situation in which Israel was 10 or so years ago, with 12 different government ministries responsible for urban water. This created a lot of confusion and inefficiency, which was solved when water treatment was placed under the leadership of the Water Authority. The Indian water community looks to Israel as a sort of guru, they know the Israeli water industry very well and hold it in very high regard.” The Delhi conference included one on one meetings between the many Indian water professionals and water utility heads who attended, and the Israeli water technology companies who came to India on the delegation: BermadAriAmiadMekorotTahalPowercom, LR, Mira HoldingsAqwise and Arad. Yoni Ben Zaken, the Israeli Economic Attache in India, concluded, “Raipur is a starting point, but there are 600 more cities in India with a similar urban water situation and needs, so the market potential is very significant.” For an album of photos from the delegation's visit click here. Original source of the article: Israel NewTech Blog [caption id="attachment_940" align="alignleft" width="74"] Distel and delegation tour India[/caption]
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Israeli sponsored  “Entrepreneurship for Development” U.N. resolution passes

Israeli sponsored “Entrepreneurship for Development” U.N. resolution passes

category: General Info

The UN General Assembly has passed a resoution proposed by Israel to encourage private and public sector entrepreneurship as the best way to deal with the challenges of poverty and job creation. 129 countries voted in favor of the resolution, 31 countries voted against, and nine countries abstained, as reported by Globes and CNN. "The Israeli spirit of entrepreneurship and creativity prevailed at the UN today," said Israel's Ambassador to the UN Ron Prosor. " As a state that was founded in difficult circumstances, we have been able to create opportunities for talented people and have become an enterprising superpower. Creating a culture of entrepreneurship can work miracles and drive economies forward. Investing in human resources is a real message that Israel conveys to the developing world." A review by Israel's Mission to the UN and Mashav found that young entrepreneurs in many developing countries face bureaucratic obstacles, social barriers, and a lack of financing, even though entrepreneurship is an important tool for economic growth, improving the standard of living, and improving the quality of the environment. This is the first time in the UN's history that it has adopted a resolution that emphasizes entrepreneurship as a means of fighting poverty, reported Globes. The resolution calls on governments and companies to strengthen the capabilities of domestic financial institutions to aid people who have no access to banking services, and encourages these countries to adopt administrative and regulatory structures to establish to provision of financial services to such people, especially women. CNN reported on one shining example of domestic initiative:  Albina Ruiz, the founder of Lima-based Ciudad Saludable, is a poster child for the economic benefits of entrepreneurship that creates immense social value. She built a community-based waste management system that plays an increasingly important role in improving sanitation and health conditions in Peru and other Latin American countries. Started just 10 years ago, Ciudad Saludable now serves more than 3 million residents in the slums of Lima alone. CNN credited Israel's delegation for engaging  fellow member countries in dialogue to encourage a global approach to promote entrepreneurship. The success of the resolution will provide a necessary pathway for stimulating future entrepreneurs and help equip world leaders to be better able to solve complex and fast-changing economic and social problems. For the full Globes article click here. For the full CNN article click here. For the statement by Ambassador Ron Prosor click here.  
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