Business And Innovation

Business technology news and views. A look at Israel's hottest new technology trends, startup innovation and entrepreneurship.

JASON COHEN in his home peanut butter factory in Modi’in
Paging Dr. Peanut Butter

His transatlantic practice sidelined by the pandemic, a MD from Modi’in reinvents himself by spreading Holy Butter.

21/07/2020
Rubinstein to build  two towers in TA’s Yitzhak Sadeh complex
Rubinstein to build two towers in TA’s Yitzhak Sadeh complex

The Avraham Rubinstein building firm is expanding its office tower activity and establishing the Tou-Towers project, two office towers at the Yitzhak Sadeh complex.

Electrical power to the people

By JASON BLACKSHAW
12/07/2020
Elie Wurtman: The man with the golden touch

‘From the rockets to corona, I’m not going to let the noise get in the way of what we want to accomplish.’ A conversation with entrepreneur, wine maker and Zionist, Elie Wurtman.

Credit Suisse appoints new Israel chief

Credit Suisse is present in 50 countries and is one of the global leaders in wealth management, with strong investment banking capabilities.

Israeli Ecosystem ranked 6th on Startup Genome Report

Tel Aviv and Jerusalem high-tech hubs propel Israel's global standing

An Israeli flag is seen on the first of Israel's El Al Airlines order of 16 Boeing 787-9 Dreamliners
Boeing strengthens Israeli companies by investing $1b. in last 3 years

“This news from the ICA that Boeing helped strengthen the Israeli aerospace sector by US$1 billion in just three years is impressive but not surprising,” said Maria Laine, Boeing vice president.

SABRIN SNOUNU, chef/owner of Snounu restaurant in central Gaza, creates some good-looking crepes.
Gazan women go entrepreneurial amid obstacles and COVID-19

For many reasons, women have always been the most affected by any crisis in the Strip.

By SANAA ALSWERKY/THE MEDIA LINE
25/06/2020
WERE YOU able to be alone and enjoy your own company?
How COVID-19 changed the Israeli VC investment landscape

Check sizes have gone up in early-stage deals and have gone down in later-stage deals.

By ITAY SAGIE
25/06/2020
ARBOX CEO and co-founder Alen Debensason (left) and co-founder Ran Lev
Why COVID-19 helped teach the need for remote servicing

“The COVID-19 taught us that digital is no longer optional”, said Tal Daskal, CEO and Founder of Easysend.

Spot co-founders Amiram Shachar (left) and Liran Polak (right)
Data giant NetApp acquires Israel's Spot in $450m. deal

Spot currently employs more than 180 staff across five offices in Tel Aviv, San Francisco, New York, Washington DC and London, and raised $53m. in funding prior to the acquisition

04/06/2020
Freight containers are seen on a freight container ship as a worker looks on at DP World
Alibaba taps Jerusalem start-up to launch freight platform

"Doing business online is the bridge for American small businesses through this crisis and into the next decade," said John Caplan, Alibaba.com president of North America and Europe.

03/06/2020
University of Haifa.
Haifa University launches student VC fund

"Our goal is to enable every student at Haifa University to understand and reach their potential," said University of Haifa rector Prof. Gustavo Mesch.

24/05/2020
Credit firm Michman signs up ex-Midgal CEO as chairman

Yaniv Biton, founder of foreign banking credit company Michman Credit for Businesses, and accountant Doron Sapir signed a partnership agreement recently.

AVIGAYLE ADLER and her children with masks made from a kit.
Corona-preneurs: Anglo entrepreneurs retool in the face of coronavirus

“When you get hit by a coronavirus crisis, you either panic or fear or you decide to turn this into an opportunity,” Jerusalem-based Natalie Garson explained.

By Rivkah Lambert Adler
08/05/2020
An Israeli flag is seen on the first of Israel's El Al Airlines order of 16 Boeing 787-9 Dreamliners
Navigating the crisis: How does El Al's anticipated bailout stack up?

Rescue package negotiations between Israel's flagship carrier El Al and the Finance Ministry are still ongoing after more than six weeks of talks and repeated warnings of imminent collapse.

16/04/2020
Concrete flooring: Some hard-and-fast facts By Jason Blackshaw

Concrete is regarded as an important basic building material. It is used for practical purposes such as creating strong, enduring exteriors, reinforcing girders, and solidifying structures.

By JASON BLACKSHAW
02/04/2020
Investment in the shadow of coronavirus: How to get lemonade from lemons?

What's the advantage in investing in the stock market?

By ELI GROSS
23/03/2020
The food industry: A consuming passion

By JASON BLACKSHAW
12/03/2020
Moving ads (in more ways than one)

By JASON BLACKSHAW
05/03/2020
JVP, pharma giant AstraZeneca launch digital health platform

The program will focus on a wide range of clinical and non-clinical areas of practice to develop breakthrough technologies, including cancer, lung disease, and cardiovascular disease.

25/02/2020
A CYBER hotline facility, part of Israel’s hi-tech innovative sector
Federation of Local Authorities in Israel holds fourth MUNI EXPO

Professionals will share their expertise on a wide range of topics inlcuding cyber security, combating hate crime,and ground-breaking technologies.

Mickey Gurdus in his Tel Aviv studio in 1990
A man whose talents the military relied on for eavesdropping and more

How much they leaned on his information, and how much it contributed to their efforts, we’ll probably never know.

By GIDEON REMEZ
11/02/2020
An illustration of a parking garage gate opening.
US-based Arrive taps Israeli innovation to accelerate parking solutions

The mobility start-up first established a permanent presence in Israel with the acquisition of Tel Aviv-based mobile payment platform CodiPark in May 2018.

11/02/2020
KKL-JNF’s project to develop Negev and Galilee into economic oasis

Everyone knows that the Galilee and the Negev should be Israel's economic growth engines in the coming years

The Hydrop solution being dropped from on board a Croman aerial fire suppression helicopter.
Elbit Systems solution to allow planes to fight fires 24/7

Elbit Systems HyDrop solution enables, for the first time, continuous operations “to fight fires 24/7 and especially during the night.”

Design dreams set in stone

Today, a virtual design dream can become a concrete reality. With Corian and state-of-the-art technology, it is possible to create practically anything -- any design, motif or object.

By JASON BLACKSHAW
02/02/2020
Smart phone
Israel’s HelpAround announces $6 million financing round

The company says it will “accelerate its growth into the specialty drug market”

Accelmed Ventures II managing partner Dr. Irit Yaniv (L) and partner Amir Blatt
Accelerating interest: 'Everyone is converging in the healthtech space'

"We see a lot of convergence. We are looking at companies together with pharma companies, and examining companies together with some of the tech companies."

16/01/2020
Small accommodations are rising: how they get supplies like the big ones

The tourist industry is very important to the local economy. It is a very vibrant, fast-growing industry. The number of tourists coming to Israel has been increasing rapidly over the past years.

By JASON BLACKSHAW
15/01/2020
The many pluses of plasterboard

If you are planning to build a new home or to renovate an existing one, consider using plasterboard products.

By JASON BLACKSHAW
15/01/2020
OrCam Technologies to debut AI-based, wearable hearing and optical aides

Shashua and Aviram's previous start-up, Mobileye, claimed the title for largest Israeli IPO ever, and in August 2017, Intel acquired Mobileye for an unprecedented valuation of approximately $15.3B

Israelis run for shelter as a siren sounds during a rocket attack near Yad Mordechai at the Israeli
Coming soon: App that displays rocket alerts on streaming services

Two 15-year-old Israelis developed an app that would allow any Android supporting system that operates online to alert when a rocket alarm goes off in real time.

Changemaker nation?
The secret of Israeli innovation, what does that spell for the future?

“Ashoka exists to help people find their inner changemaker,” she told me. I quickly learned that is not an empty phrase.

By SHLOMO MAITAL
24/12/2019
Climate control at your feet The evolution of underfloor heating systems

Israel is considered a hot country; it is generally very warm most of the year.

By JASON BLACKSHAW
23/12/2019
U.S. President Trump speaks with Congressional Republicans at the White House in Washington
Will Trump impeachment sink the stock market?

Never make predictions, especially about the future. – Casey Stengel

By AARON KATSMAN
20/12/2019
An illustration of Robin's smartphone app
Israeli start-up Robin eyes global future for finance app

When it comes to managing long-term finances - from pensions to insurance and investment - every percent counts.

12/12/2019
Technology makes the world go round

In the not so distant past, people used to say that money makes the world go round.

By JASON BLACKSHAW
12/12/2019
Cyber giant Check Point acquires Jerusalem start-up Protego

"On their journey to cloud transformation, organizations require a new security paradigm to protect against 5th and 6th generation of cyber attacks."

02/12/2019
Haifa bay
Mellanox, JVP partner to develop Haifa into new tech hub

On Monday, the Israel Innovation Authority (IIA) announced that the ILAB Group had won a competitive tender to develop technological innovation in the city.

20/11/2019
Closeup of the handpiece of a Lumenis One Intense Pulsed Light (IPL) machine.
Baring Private Equity Asia to buy medical device maker Lumenis

Lumenis develops minimally invasive clinical devices for the aesthetic, surgical and ophthalmology specialties.

By REUTERS
20/11/2019
Tikkun Olam Makers
Abba Eban Institute to award Tikkun Olam Makers for repairing the world

The award, established by the Abba Eban Institute for International Diplomacy at the IDC Herzliya, will be presented at the Jerusalem Post Diplomatic Conference on Thursday, November 21 in Jerusalem.

The road ahead for self-driving cars

Self-driving cars, or autonomous vehicles (AVs), connected and autonomous vehicles (CAVs), driverless cars, robo-cars or robotic cars, appear to be the upcoming thing.

By JASON BLACKSHAW
17/11/2019
A Toyota's electric vehicle (EV) concept RHOMBUS is displayed during the media day for Shanghai auto
Toyota partners with Israel's OurCrowd to hunt for innovation

“The future belongs to the bold who are implementing game-changing technologies,” said Minoru Murata, executive vice president, regional CEO and CTO of Toyota Tsusho.

24/10/2019
money
Israel gains 20,000 millionaires, average wealth increases - study

"Wealth" is defined by the annual report as the value of financial assets plus real assets – particularly housing – owned by households, minus their debt.

22/10/2019
JOEL S. TELPNER
Blockchain – the building block of future tech

"There are a lot of ways that blockchain technology can make our lives better, and make things easier to do,” says Joel S. Telpner.

Jones co-founders Michael Rodman (L) and Omri Stern (R)
WeWork, JLL invest in Israeli property tech start-up Jones

Additional investors include New York-based MetaProp Ventures, American-Israeli Ground Up Ventures and California-headquartered 500 Startups.

15/10/2019
Your Investments: Yom Kippur: Confessing financial sins

Understanding our short-comings is just step one to self-improvement.

By AARON KATSMAN
03/10/2019
Leket Israel volunteers gather food.
Idit, Rafael join Leket to salvage food

Idit CEO Ran Katzman said, “We see great value in helping disadvantaged populations, and we are pleased and we thank Rafael for joining in on this important project.”

US tax form
Your Taxes: What a shame it’s a sham

The founders of Israeli tech companies dream of their shares being acquired at a big gain by a multinational on which they pay tax.

By LEON HARRIS
03/10/2019
Q Core Medical's infusion pump
Hillel's Tech Corner: Keeping patients pumped up

When it comes to patient care, technology is already changing so many aspects of the healthcare world, but one device has gone unnoticed and un-disrupted by technology.

03/10/2019
AI ROBOT Nao teaches ‘TechTalk’ host and executive producer Jonny Caplan how to do Tai Chi in the Cu
Putting the media focus on Israeli tech

The first season of TechTalk will highlight over fifty cutting-edge Israeli companies, showcasing revolutionary technological innovations, from flying taxis to robots for the elderly.

By NADINE WOJAKOVSKI
01/10/2019
SHMULIK ZYSMAN
TLV Sohn Conference brings in financial leaders

The forecasts presented at the Conference in recent years have proven their success.

Can Wordeep’s AI Make Non-natives Speak Like Native English Speakers?

John drove on his car. They ride in the bus. For someone who does not speak English perfectly, the first two sentences might seem just fine.

By JONATHAN MIMOUNI
02/10/2019
Trigo co-founders Michael Gabay (L) and Daniel Gabay (R)
Trigo raises $22m. in drive to realize autonomous retail future

Trigo uses artificial intelligence and computer vision technologies to eliminate the need for checkouts and product scanning.

18/09/2019
WeWork owners to add first woman to board

The We Company had originally planned to go public with an all-male seven-member board, a practice major investors frown upon, saying more diverse boards make better decisions.

By REUTERS
05/09/2019
Senior Israelis play table tennis as they take part in games for people over 65 years old, organized
Data is in: It’s up to you to save for retirement

There are many reasons for this discrepancy, and the solution is not for the government to increase Bituach Leumi benefits substantially.

By AARON KATSMAN
29/08/2019
LLCs Are Not Straightforward

Your taxes

By LEON HARRIS
29/08/2019
 A coin representing the bitcoin cryptocurrency is seen on computer circuit boards in this illustrat
Your Taxes: Crypto to be chronicled

New FATF pronouncement shakes up the cryptocurrency market

By LEON HARRIS
22/08/2019
Israeli currency.
Stop wallowing in self-pity and take control of your finances

In life, you can blame a lot of people and wallow in self-pity, or you can pick yourself up and say, ‘Listen, I have to be responsible for myself.’” – Howard Schultz

By AARON KATSMAN
22/08/2019
Hillel's Tech Corner: MDGo: Car accidents are no match for AI and ML

MDGo's latest innovation is proving to be a big help in every way from medical imaging, to drug discovery, to medication management, and even robotic surgery.

23/08/2019
Why Israel is automotive tech’s global engine

Leading carmakers realize Tel Aviv’s mobility tech hub is here to stay

26/08/2019
Facebook COO Sheryl Sandberg (L) and Facebook Israel general manager Adi Soffer Teeni (R) inaugurate
Facebook launches Tel Aviv 'Playground' to boost local innovation

"This country is not just deeply meaningful for me, but also for Facebook," said Sheryl Sandberg, the chief operating officer of Facebook, who briefly lived in Israel as a young child.

15/08/2019
Seeking innovation, Defense Ministry launches start-up hub

The hub will seek to strengthen the relationship between Israel's civilian and defense markets.

13/08/2019
Uber loses $5 billion, misses Wall Street targets despite easing price war

The amount passengers spent on trips rose 20% while the amount Uber kept after paying its drivers increased just 4%.

By REUTERS
09/08/2019
Tel Aviv University campus
Building interdisciplinary bridges to create an innovative future

Tel Aviv University is busy breaking down barriers between faculties that previously enjoyed little interaction.

07/08/2019
Study: Increasing number of primary household earners overworked

"[The low-wage group] works overtime as a result of economic constraints," Endeweld wrote.

06/08/2019
Your Investments: We need to appreciate all we have in Israel

Israel is in a much better position than most countries around the world.

By AARON KATSMAN
01/08/2019
US tax form
Your Taxes: Court upholds tax amnesty stinger

The case was a general class action alleging the ITA lacked authority to go back more than 10 years according to criminal rules in the Income Tax Ordinance.

By LEON HARRIS
01/08/2019
Tel Aviv-based monday.com raises $150m. in latest funding round

‘We intend to use this funding round to continue our growth, to build our sales force and perhaps open more offices in the US and Europe.’

30/07/2019
Adv. Shmulik Zysman
Israeli tech companies raise record amount in 2019

In the second quarter, VC-backed deals notched a record $1.81 billion in 73 deals, accounting for 78% of the total amount raised in the quarter.

People drink from a Watergen machine in Florida after Hurricane Irma, September 2017
Watergen partners with Flint, Michigan where water quality is 'third-world'

"For the past five years, there have been solutions promised to the community by many, yet no one has delivered," said Armstrong Williams.

California Senator Kamala Harris
Your Investments: Want a bright future? Study the past

“Those who cannot remember the past are condemned to repeat it.” – George Santayana

By AARON KATSMAN
11/07/2019
Chief Executive Officer of PepsiCo Ramon Laguarta with Daniel Birnbaum, SodaStream CEO.
PepsiCo CEO: Sodastream growth exceeding our expectations

CEO Daniel Birnbaum and other SodaStream executive officers remained at the company following the completion of the acquisition.

11/07/2019
Holocaust survivor Edward Mosberg and granddaughter light a memorial torch at the Yom Hashoah ceremo
AI to preserve Holocaust survivors stories long beyond their years

“With antisemitism on the rise, it’s crucial we keep the haunting memories and lessons of the Holocaust alive to ensure what our people endured is never forgotten," said Professor Dina Porat.

Beresheet space technology to assist Moon delivery missions

"Having access to flight proven lunar lander technology and the expertise of IAI engineers makes Firefly well placed to gain a foothold in the cislunar market," said Firefly CEO Dr. Tom Markusic.

10/07/2019
Prime Minister Benjamin Netanyahu and Chinese VP Wang Qishan attend the Committee on Innovation in I
Time for Israel to understand China better, says TAU professor

“In a situation where understanding China seems to be of great importance to Israel, in the past couple of years, we have seen a decrease in numbers of students who study it.”

Smart Cabinet – The New Technologies in your Wardrobe

When thinking of a smart home, what comes to mind are various sophisticated devices; however, technological development hasn’t stopped there. It has spread to sliding door wardrobes as well.

By ELIAN BRAT
07/07/2019
Shekel Brainweigh's artificial intelligence-based Innovendi vending machine
Shekel weighs in on autonomous retail revolution

According to a report by consulting firm McKinsey, more than 80% of US retail sales in 2020 will still occur within the four walls of a store.

01/07/2019
Genoox
Hillel's Tech Corner: A solution for an abundance of data

Genoox removes the final barrier to widespread, timely interpretation of clinical NGS data, enabling personalized medicine for mainstream patient care.

30/06/2019
prooV: Removing barriers to speedy innovation

prooV co-founders Toby Olshanetsky and Alexey Sapozhnikov know first-hand the pains of proof-of-concept testing.

23/06/2019
Your Investments: Do you plan more for summer vacation than retirement?

‘There’s no vacation from being a parent.” – Chevy Chase

By AARON KATSMAN
20/06/2019
Cables and computers are seen inside a data centre at an office in the heart of the financial distri
Israel to assist developing countries improve cyber resilience

"There is great demand from African and Asian countries for Israeli knowledge in the field of cyberspace," said National Cyber Directorate director-general Yigal Unna.

18/06/2019
Prof. Rafi Beyar speaks at the Jerusalem Post Conference
The World of Innovation at Rambam Health Care Campus

Haifa hospital is creating the future of medicine, not only for Israel’s north, but for the entire world.

Investment graph
Your Investments: Pomp, circumstance, and financial security

Never go to your high school reunion pregnant or they will think that is all you have done since you graduated –Erma Bombeck

By AARON KATSMAN
13/06/2019
Israel’s Fiverr lists on NYSE

The company is not yet profitable and lost $36 million in 2018. In the first quarter of 2019, Fiverr lost $5.4 million, Globes reported.

A man holds a laptop computer as cyber code is projected on him
Brewer AB InBev opens Israeli cyber unit

“With increasing digitalization, we have to be prepared to defend against anything coming,” he said.

By REUTERS
13/06/2019
"Kan," the new public broadcaster's logo.
Shviro Holon builds KAN TV studio

Yair Shviro, CEO of Shviro Holon, said that the entire transparent studio will be anchored in a 4 ton steel system to provide absolute stability to the studio.

Yandex's autonomous car on a test drive in Tel Aviv, June 12, 2019
Yandex's self-driving car hits the streets of Tel Aviv - watch

"Tel Aviv is a very interesting place for us because we have some road conditions that we didn’t experience in our domestic markets," Artem Fokin head of business development said.

12/06/2019
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