Monthly Archives: June 2023

An on-line Israeli shopping mall

Posted on June 25, 2023

Israelimall is a new online platform where small Israeli companies sell their products to the English-speaking community. Customers in the USA and Canada can buy Israeli products, and pay in dollars, with low shipping costs. From unique Judaica, natural cosmetics … Continue reading →

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JP Morgan expands operations in Israel

Posted on June 25, 2023

JP Morgan, one of the world’s largest banks, is expanding its operations in Israel and entering the commercial banking sector for high-tech companies for the first time. It will focus on helping late-stage high-tech companies raise capital, increase liquidity, and … Continue reading →

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As simple as ABC

Posted on June 25, 2023

Swiss-Israeli fintech Okoora has introduced its new AI-driven platform, Automatic Business Currency Management (ABCM) to simplify global payments, banking, and risk management. Okoora‘s 7,000+ business customers process low flat fee global payments in more than 100 currencies. https://www.jpost.com/business-and-innovation/tech-and-start-ups/article-746813 https://okoora.com/ https://www.youtube.com/watch?v=mYHmUWd476I

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Power station sale to reduce prices

Posted on June 25, 2023

Eshkol Power ENergies has bought the 1,680-megawatt Eshkol natural gas power plant in Ashdod from public-owned Israel Electric for over NIS 12 billion. Part of the proceeds will be used to reduce electricity prices. It is the IEC’s 4th sale, … Continue reading →

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Israel invests in cultivating food

Posted on June 25, 2023

The Israel Innovation Authority has selected Israel’s YDLabs to establish microorganism fermentation labs for the Israeli food-tech industry. The IIA will also invest up to $14 million in fermentation infrastructure so that all Israeli companies can develop and manufacture their … Continue reading →

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Encouraging innovation in the periphery

Posted on June 25, 2023

A new Israeli initiative will allocate 15 million shekels over five years to each of five innovation centers in the country’s periphery to encourage entrepreneurship in agriculture, food, energy, and climate tech. Each center will promote local innovation, training and … Continue reading →

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Translating cuneiform at the push of a button

Posted on June 25, 2023

Israeli archaeologists and computer scientists have created an AI-powered neural translation program for 5,000-year-old Akkadian cuneiform. Tens of thousands of digitized cuneiform tablets, that never could be understood before, can now be translated into English instantaneously. https://www.timesofisrael.com/groundbreaking-ai-project-translates-5000-year-old-cuneiform-at-push-of-a-button/ https://academic.oup.com/pnasnexus/article/2/5/pgad096/7147349?login=false

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Technology pioneers

Posted on June 25, 2023

Six previously reported Israeli companies were selected as 2023 World Economic Forum’s “Technology Pioneers” who are making progress in sustainability, advanced manufacturing, and inclusive healthcare. They are AIVF, Aporia, Electriq Global, OX Security, Tastewise and Wilco. https://www.weforum.org/press/2023/06/world-economic-forum-announces-100-new-start-ups-joining-its-technology-pioneers-community-e6f22f01d7

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The future is already here

Posted on June 25, 2023

The ORT Air and Space Technology High School in Ma’ale Adumim hosts the “Bridges” program class of IDF Intelligence Branch Unit 8200 and the IDF Personnel Branch Education Corps. It gives young students exposure to computers and cyber, and tools … Continue reading →

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The most advanced simulator

Posted on June 25, 2023

Ben Gurion University is training doctors, nurses, first responders, and soldiers using one of the world’s most advanced and realistic medical simulators. The smart silicon mannequins have simulated anatomies that respond in the same way as a live patient. They … Continue reading →

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