U.S. credit card super-company, Visa, has elected to tap into the fintech industries of select countries, and Israel is a primary focal point. The payments giant launched a technology scouting hub in Tel Aviv this month, announcing at the beginning of February that it aimed to add Tel Aviv to a list of cities that make up its collaborative lab operation.
OurCrowd is a leading, crowd equity platform based in Jerusalem with branches in the U.S., Canada, Singapore and Australia. The firm just wrapped up its biggest investor conference, which involved an exhibition of the latest robotics, drones, medtech, AI, and mobility tech. Jon Medved, CEO of OurCrowd, made headlines with his announcement that OurCrowd raised $650 million, anticipating that they will soon break the $1 billion ceiling this year.
Israel is known as the start-up nation. From Waze to StoreDot, Israeli start-ups are changing the face of the high-tech world. Start-ups like these don't just become successful. They usually need help with marketing, development, and, of course, money. They need investors and a whole lot of mentoring to get their idea off the ground. A platform that often helps aspiring start-ups is the start-up accelerator.
As much as the trucking industry is both helpful and necessary, it's also an enormous pain in the neck. Trucks, which are often empty or not filled to optimum capacity, cause traffic congestion, air pollution and can be a waste of manpower and time. Not only that, but in Europe alone, inefficiency has been estimated to have cost 160 billion Euro. What if we could change something with the trucking industry that not only lowers air pollution and traffic congestion, but also makes transporting goods more efficient and cost-effective? Well it turns out we can.
The Cleantech Group, a Swedish-based international monitor, recently published the results of a study ranking countries by the innovation in their cleantech sector. The study placed Israel first in the world, above Finland, the United States, Sweden and Norway.
The Chief Scientist Office in the Israeli Ministry of Economy has long been seen as a model of success. Aiming to foster economic growth through technological breakthroughs, cutting-edge research, innovations and entrepreneurship, the office regularly gives out grants in the form of low-risk loans, only demanding the investment money back if the project is successful and financially viable.
How will the world cope with 10 billion mouths to feed by 2050? How can the same amount of food be produced in the next 40 years as in the last 8,000 years, on less agricultural land? How can malnutrition, which now causes more deaths than malaria, tuberculosis and AIDS combined, be prevented? These are the questions which are starting to trouble policy makers around the world, and technological solutions are being eagerly sought. A number of Israeli companies are tackling the problem of food production from different angles.
While Israel is well known for the innovative technological start-ups continually rolling out new software and mobile applications, the Israeli government is now launching a helpful smartphone app for Israeli citizens involved in accidents.
Veterans of the IDF’s fabled MI 8200 unit are behind a number of successful high-tech corporations, business ventures, media groups and culture initiatives.
While much attention has been given to Israeli start-ups sold on to multinational technology companies, there are also a considerable number of growth companies who have built themselves up and are ready to trade publicly rather than run for high-profile exits, according to a new study by IVC Research Center.