Business And Innovation

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

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.”

By JERUSALEM POST STAFF
03/10/2019
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.

By JERUSALEM POST STAFF
26/09/2019
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.

By ALAN ROSENBAUM
18/07/2019
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.

By DAVID DIMOLFETTA
18/07/2019
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.

By BRADLEY LEVIN
10/07/2019
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.”

By DAVID DIMOLFETTA
07/07/2019
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.

By ALAN ROSENBAUM
18/06/2019
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.

By JERUSALEM POST STAFF
13/06/2019
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.

By JERUSALEM POST STAFF
12/06/2019
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
Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas, in August
How augmented reality is transforming the oil industry

Israeli company Fieldbit among many firms providing technology aimed at helping field technicians fix issues and prevent oil spills.

By MAYA MARGIT/THE MEDIA LINE
07/06/2019
Trigo Vision's pilot store at the company's Tel Aviv headquarters
Israeli start-ups keeping stores relevant in the Age of Amazon

While Amazon's expansion may give cause for concern, traditional street shopping is certainly not going anywhere soon.

04/06/2019
Bizzabo co-founders Alon Alroy (L), Eran Ben-Shushan (C) and Boaz Katz (R)
Bizzabo builds a market for event success solutions

Unlike the precise data offered by digital marketing and online sales, companies have struggled to gain insights into the benefits of networking and corporate exposure at conferences.

02/06/2019
Google CEO Sundar Pichai and Philipp Justus, Google Vice President for Central Europe and the German
U.S. Justice Department prepares Google antitrust probe -sources

The potential investigation represents the latest attack on a tech company by the Trump administration.

By REUTERS
01/06/2019
Israel Advanced Technology Industries co-chair Erez Tsur
Repeat elections bring ‘real fear of economic paralysis,’ to cost NIS 2b.

The association estimates that repeat elections will cost the economy as much as NIS 2 billion, also highlighting the economic impact resulting from another paid national holiday on Election Day.

30/05/2019
THE MS Insignia, which docked at Haifa Port last week.
Norwegian Cruise Lines president: We want to double Israeli market

Last week, MS Insignia, the Regatta-class cruise ship of Norwegian Cruise Line brand Oceania, arrived at Haifa Port for the first time since its $180 million renovation and upgrade.

By JERUSALEM POST STAFF
28/05/2019
 Marisa Drew, CEO Impact Advisory and Finance at Credit Suisse addresses the Israel Impact Summit, M
Millennials driving new era of investments with an impact

According to a global report published this month, an overwhelming 97% of the Next Generation – either Gen Y or Gen Z – are interested in actively managing their family's investments.

30/05/2019
Yaakov Nahmias, founder and chief scientist of Future Meat Technologies, holds laboratory-grown fat
International partnership to invest $100m. in Israeli foodtech innovation

"Foodtech is now one of the hottest dishes on the Israeli innovation menu," said OurCrowd CEO Jon Medved.

28/05/2019
Israeli currency.
Your investments: Get a raise? Beware of ‘lifestyle creep’

I think my top salary was maybe in 1966. I made $17,000 and 11 of that came from selling other players’ equipment.– Bob Uecker

By AARON KATSMAN
23/05/2019
Money
Your taxes: Will robots replace tax officials?

There are many opportunities to be realized through the use of APIs

By LEON HARRIS
23/05/2019
Catered event
Food transparency is the latest trend in catered business events

Whether you’re about to produce a business event, corporate meeting, conference or gathering - Summer 2019 is your chance to show you value your participants, good food and the environment.

By ELIAN BRAT
22/05/2019
People queue at rental car desks at the international airport in Munich
Energy giant Shell makes first Israeli investment, backs AI start-up Ravin

The technology can detect more damage than humans can, Ravin says, while significantly reducing inspection costs.

22/05/2019
Spotlight on Israeli startups - Corneat Vision - artificial cornea

Corneat Vision can help over 60 million blind eyes around the world.

By JERUSALEM POST STAFF
21/05/2019
OrbiMed Israel managing director Anat Naschitz
Israeli digital health innovation a 'compelling opportunity' for investors

Digital health start-ups raised a record $511m. in financing in 2018, and already raised some $214m. during the first quarter of 2019.

11/05/2019
(From left) Bonobo.ai co-founders Ohad Hen, Idan Tsitiat, Efrat Rapoport and Barak Goldstein
Salesforce acquires Israeli conversational AI start-up Bonobo

In November 2018, the company announced it had raised $4.5m. in seed funding, led by G20 Ventures and Capri Ventures.

07/05/2019
Approximately 170,000 Americans live in Israel.
Your taxes: Taking start-ups to the next level

By LEON HARRIS , MARK FITZSIMMONS
02/05/2019
MERCANTILE CEO Shuki Burstein (center), A Computer for Every Child chairman Arie Scope (left) and th
Mercantile gives NIS 600k. to A Computer for Every Child

Over the years, Mercantile Bank has contributed about 1,500 computers to A Computer for Every Child.

By JERUSALEM POST STAFF
29/04/2019
StemRad radiation protection
Spotlight on Israeli startups - StemRad - radiation protection

StemRad has created innovative solutions to protect individuals from radiation exposure.

By JERUSALEM POST STAFF
01/05/2019
A Chakratec electric vehicle charging station in Vienna, Austria
Chakratec uses kinetic energy to charge electric cars in minutes

"You don’t have to replace the batteries at all, the cost per cycle is very low, and it’s green and sustainable."

29/04/2019
money
Your Taxes: Aliyah: Frequently asked questions

Below are some brief general answers to frequently asked tax questions.

By LEON HARRIS
24/04/2019
6Degrees co-founders Aryeh Katz (L), Miri Berger (C) and Ziv Shilon (R).
Hi-Tech: From injury to inspiration and innovation

Only after Ziv Shilon was discharged from the hospital rehabilitation center one year after his injury, did he understand that much of the world was not built for those with disabilities.

25/04/2019
Entrepreneurs at Yokneam Illit-based TerraLab Ventures incubator
Incubating innovation in Israel’s periphery

What is the extent to which the innovation-based success truly extends beyond Tel Aviv and its surrounding cities where more than three-quarters of start-ups are currently located.

24/04/2019
THE FATTAL terminal at Ben-Gurion Airport
Fattal launches private B-G terminal

David Fattal, the controlling shareholder of Fattal Group, is launching the first private terminal in Israel at Ben-Gurion Airport, with an investment of NIS 18 million.

By JERUSALEM POST STAFF
21/04/2019
Prof. Yaffa Zilbershats
Creating a campus fit for the future

With access to information no longer limited to the boundaries of academic institutions, universities are among those most deeply impacted by the digital revolution.

22/04/2019
KIROSKAY PALBAM CEO Eyal Yakar
Kiroskay Palbam’s dishwasher revolution

As part of the Israel Restaurant Conference, Kiroskay Palbam CEO Eyal Yakar presented a revolution in dishwasher service and maintenance: The three-minute dishwasher technical service.

By JERUSALEM POST STAFF
16/04/2019
Spotlight on Israeli startups - PrintCB - printed electronics

Printed electronics is one of the fastest growing trends in electronic manufacturing today.

By JERUSALEM POST STAFF
15/04/2019
money
Your Investments: The end of your financial slavery

The information contained in this article reflects the opinion of the author and not necessarily the opinion of Portfolio Resources Group, Inc. or its affiliates.

By AARON KATSMAN
12/04/2019
money
Your Taxes: Post-election tax agenda

So what should be on the tax agenda of the next government? We comment below on two potentially major issues: the US GILTI tax and the lack of tax tribunals in Israel.

By LEON HARRIS
12/04/2019
LAVI MANUFACTURED furniture in a synagogue
Lavi Q1 synagogue construction up 10%

Lavi Industries showed a 10% increase in the construction of synagogues in the first quarter of 2019, market data revealed.

By JERUSALEM POST STAFF
07/04/2019
Afeka college.
Afeka College president leads institution’s development

A different type of academic world: ‘You can not ignore the changes that the labor market is undergoing.’

By JERUSALEM POST STAFF
07/04/2019
Dr. Ronen Yochpaz
Re-defining banking

Bank Hapoalim’s Development Division brings digital innovation to its customers.

By DUDU LEVY REICH
07/04/2019
Tactile Mobility CEO Amit Nisenbaum
Tactile Mobility adds missing sense of touch to autonomous vehicles

"Where other companies enable smart and autonomous vehicles to see the road, we enable those vehicles to feel the road," Tactile Mobility CEO Amit Nisenbaum said.

08/04/2019
Zebra-med
Zebra’s vision of medical solutions is as clear as black and white

Zebra-med has developed a suite of tools to help radiologists provide more comprehensive, accurate outcomes – faster, without compromising quality of care.

04/04/2019
The Dead Sea mall
The Dead Sea Mall is to be the first VAT-free mall outside Eilat

When the project gets underway, the mall will offer a VAT reimbursement counter for tourists – for the first time in Israel – to allow some 3 million tourists who visit the sea each year to save.

By JERUSALEM POST STAFF
04/04/2019
Xsight Systems' foreign object debris (FOD) detection solution RunWize
Beijing airport selects Israeli radar technology to protect runway

Xsight Systems' foreign object debris (FOD) detection solution will be installed at the world's second busiest airport.

04/04/2019
The vehicle-dafety system by Mobileye
Israeli car insurance discounted after installing Mobileye safety system

Recognizing that the advanced safety system, Mobileye, is saving lives and preventing car accidents, Israel now gives a discount to people who have installed the system.

Former prime minister Ehud Olmert at the 7th Annual JPost Conference in NY
Former PM Ehud Olmert joins medical cannabis company Univo

Olmert, the company said, will "help promote Univo's business goals both in Israel and globally, and will support the company’s future fundraising efforts."

19/06/2019
U-tron CEO Haim Shani
U-tron accelerates parking solutions into an autonomous future

U-tron has enjoyed an encouraging start to the year, signing four new agreements for the construction of autonomous parking lots in New York worth NIS 67.5 million ($18.6m.).

03/04/2019
An illustration of the partially coherent radar operation schematics
Radar research could offer breakthrough for autonomous vehicle technology

The research shows low bandwith radars can achieve similar performance to high bandwith radars, but at a lower cost and without broadband signals, which could help autonomous vehicles.

02/04/2019
ForbesWomen editor Maggie McGrath addresses the Forbes Under 30 Global Women’s Summit, April 1, 2019
Forbes Summit: An unapologetically female gathering

The first-ever Forbes Under 30 Global Women’s Summit taking place in Tel Aviv and Jerusalem is, above all, unapologetically female.

01/04/2019
Shandong Guohui Investment Co investment manager Zeng Fan
China’s Shandong province sets sights on Israeli innovation

“I know that Israel is very strong in green technology, so we feel that it would be beneficial to introduce Israeli technology into this sector.”

02/04/2019
Forbes Under 30 Global Women's Summit participants open the trading at Tel Aviv Stock Exchange
Forbes rings opening bell on Global Women's Summit in Tel Aviv

"Over the next four days at the Forbes Under 30 Global Women's Summit, we're bringing together 500 visionaries from around the world," said Moira Forbes, executive vice president of Forbes.

01/04/2019
Mar 28, 2019; Oakland, CA, USA; Oakland Athletics and Los Angeles Angels players
Your Investments: Major League Baseball’s Opening Day and financial optimism

For baseball fans out there, nothing compares to Opening Day. It’s a new season where everyone has an equal chance of winning the World Series.

By AARON KATSMAN
28/03/2019
NOT FOR much longer. A man protests against Brexit in London.
Saving your UK pension from Brexit and Corbyn

Trying to match your income with your liabilities is a key principle of financial planning.

By ANDREW ALBUM
28/03/2019
ROGER FEDERER and Jura CEO Emanuel Probst after the signing of the contract
Federer to represent Jura coffee until 2020

In Israel, Jura is represented by the J. Feffer Company, which is owned by the Feffer family.

By JERUSALEM POST STAFF
28/03/2019
Approximately 170,000 Americans live in Israel.
Your Taxes: When is offshore okay?

The requirements partly depend on whether the income is from intellectual property (IP).

By LEON HARRIS
28/03/2019
Passover gifts
Hapoalim and Marmelada’s social store ready for Passover

The social online store, located within the Marmalade Market shopping center, has a variety of social gifts and offers thousands of products from 45 associations and social businesses.

By JERUSALEM POST STAFF
25/03/2019
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