Monthly Archives: January 2016

Another $108 million telecoms project in Peru

Posted on January 10, 2016

Israel’s Gilat Satellite Networks has won a new $108 million project for its satellite networks in the Cusco region of southern Peru. The deal is in addition to the $286 million Peruvian contract that Gilat won in March (see here). … Continue reading →

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A leap into reality

Posted on January 10, 2016

Augmented Reality (AR) startup Magic Leap was founded by Rony Abovitz,- the son of Israelis. It has raised a massive $1.4 billion and set-up an Israeli development center. http://www.wareable.com/ar/magic-leaps-ar-tech-827-million-investment-2055 http://www.globes.co.il/en/article-magic-leap-opens-israel-development-center-1001054075 https://www.youtube.com/watch?v=kw0-JRa9n94

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More tech giants join The Junction

Posted on January 10, 2016

Following its partnership with The Junction – Israel’s successful startup accelerator (see here), SAP has been joined by HP, insurance giant Munich Re, and Australia’s Telstra. http://www.businessinsider.com/hp-sap-growing-startups-in-israel-2015-11

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NASDAQ / TASE venture to boost Israeli startups

Posted on January 10, 2016

The US NASDAQ is partnering with the Tel Aviv Stock Exchange to allow Israeli startups to raise funds on a new private exchange. The venture will operate in Tel Aviv, using NASDAQ trading technology. http://www.thetower.org/2785-nasdaq-and-tel-aviv-stock-exchange-join-forces-to-boost-israels-startups/

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New record for foreign currency reserves

Posted on January 10, 2016

Israel’s foreign exchange reserves at the end of Dec 2015 stood at an all-time record of $90.6 billion, an increase of $1.8 billion from their end Nov 2015 level. There is now $8.7 billion in the reserves fund built up … Continue reading →

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Lower corporate tax

Posted on January 10, 2016

Israel has reduced its rate of corporate tax by 1.5% to 25%, giving a boost to the growth rate, cultivating investment and making Israeli companies more competitive. http://www.globes.co.il/en/article-knesset-gives-final-approval-to-corporate-tax-cut-1001093228

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Safe surface for European playgrounds

Posted on January 10, 2016

Israel’s Pashut Yarok (“Simply Green” in Hebrew) is exporting “shockpads” – plastic foam safety surfaces for childrens’ playgrounds – to countries in the European Union. The shockpads are installed under synthetic grass to absorb the shock if a child falls. … Continue reading →

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Flying car completes first untethered test flight

Posted on January 10, 2016

The Air Mule from Israel’s Tactical Robotics has successfully completed its first autonomous, untethered flight at Israel’s Megiddo airfield. http://www.globes.co.il/en/article-car-sized-vertical-take-off-aircraft-completes-first-flight-1001093498 https://www.youtube.com/watch?v=8vuCDEFwkqs http://www.tactical-robotics.com/category/2015

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Israeli tech headed to Jupiter

Posted on January 10, 2016

The JUICE satellite of the 3GM (Gravity & Geophysics of Jupiter and Galilean Moons) Project will carry an atomic clock technology-based device to detect any signals of life. The device was developed by Israeli firm AccuBeat, working with the Weizmann … Continue reading →

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Deaf father is impetus for son’s startup

Posted on January 10, 2016

Israeli Zeev Gruber got the idea for his startup Vocavu when he no longer could tolerate the noise of his deaf dad’s radio. Vocavu transforms speech from radio and TV into text that you can read on your smartphone. It … Continue reading →

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