GE (General Electric) logo 58.
(photo credit: Courtesy)
General Electric, one of the world’s largest companies, will open its a
multidisciplinary R&D center in Israel, its eighth R&D center in the
country, at an investment of $3-5 million. The R&D center will engage in
research in medical devices, water, and clean energy.
The center will be
set up in Haifa, near the center of GE subsidiary GE Healthcare, which has
hundreds of employees who work on medical imaging systems.
has 450 employees at seven centers in Israel, out of the company’s total global
workforce of 30,000. GE has a market cap of $194 billion. The other Israeli
centers focus on specific products, while the new R&D center in Haifa will
conduct more basic and general research.
GE will hire 12 researchers when
the new R&D center is opened. It will be headed by Oded Meirav, who has been
VP business development at GE Global Research Center for the past four years. He
was responsible for establishing GE’s collaborations with Israeli companies,
such as medical devices companies InSightec Image Guided Treatment Ltd., WideMed
Ltd., DeepBreeze Ltd., and Arineta Ltd.; with Shai Agassi’s electric car venture
Better Place LLC; and with cleantech companies Desalitech Ltd., Emefcy Ltd.,
Solaredge Ltd., GridON Ltd., and Winflex Ltd.; and with water companies
incubator Kinrot Technology Ventures.
One of GE’s goals in setting up the
new center is to establish partnerships with Israeli high-tech companies and
academics. “Israel has a rich history of innovation and scientific discovery,”
said GE Global Research VP advanced technologies Michael Idelchik. “With the
establishment of the new R&D center, we will be in a better position to
build a close relationship with the Israeli technology community and identify
new technologies that could become part of our portfolio.”
team will focus on renewable energy, energy storage, smart grid, and energy
efficiency technologies. It will also work on water monitoring, purification,
wastewater treatment, brackish water and seawater desalination technology; and
in healthcare, on non-invasive medical devices, advanced diagnostic tools, and
medical navigation and guidance systems.
The R&D center’s researchers
will collaborate with GE Capital’s life sciences and energy funds, which invest
in innovative technologies.