Monthly Archives: September 2023

El Al’s new Dreamliner uses sustainable fuel

El Al Israel Airlines’ newest Boeing 787 Dreamliner flew from Boeing’s Seattle factory using 30% Sustainable Aviation Fuel (SAF). It is El Al’s first use of SAF, made from sources such as CO2 in the air and emits far less … Continue reading

Posted in Economy & Business | Leave a comment

Investment in Israeli startups to 3/9/23

AI21 Labs raised $155 million; FeelBetter raised $5.9 million; Append Medical raised 4.35 million; MadeRight raised $2million; Skillset raised $1.65 million.

Posted in Economy & Business | Leave a comment

Exits, takeovers & mergers to 3/9/23

US Dynatrace is acquiring Israel’s Rookout for NIS 40-50 million. Israeli-founded, US based Coro.net Cybersecurity has acquired Israel’s Privatise. Israel’s InMode has acquired the patients of Colorado’s Viveve Medical.

Posted in Economy & Business | Leave a comment

Partnering to detect diabetic retinopathy

Customers of US retinal imaging and diagnostic company IRIS will be able to use AEYE-DS from Israel’s AEYE Health (see here previously) for the autonomous detection of diabetic retinopathy. https://www.prnewswire.com/news-releases/iris-and-aeye-health-announce-partnership-to-provide-ai-screening-to-market-301874034.html

Posted in Economy & Business | Leave a comment

The world’s second most Unicorn founders

Tel Aviv University has produced the second-most unicorn ($1 billion+) companies in the world, based on where their founders went to college. Stanford was the highest, but TAU was next, even beating UK’s Oxford University. https://www.calcalistech.com/ctechnews/article/bkqkrvu2h

Posted in Economy & Business | Leave a comment

NIS 100 billion high speed train plan

Israel is planning a 100-billion-shekel ($27 billion) high-speed rail line from Kiryat Shmona in the north to the southern city of Eilat 400km (250-miles) away. https://www.jns.org/israel-news/travel/23/7/30/306408/

Posted in Economy & Business | Leave a comment

Flying high

Israel’s Arkia is starting flights from Tel Aviv to Sri Lanka in Oct. Meanwhile, El Al is to begin a Tel Aviv to Fort Lauderdale (Hollywood International) service in April plus six seasonal flights this year. However, the recent Jeddah … Continue reading

Posted in Economy & Business | Leave a comment

BIRD invests $8 Million in 9 new projects

The Israel-U.S. Binational Industrial R&D (BIRD) Foundation is granting $8 million for 9 joint hi-tech projects. The Israeli startups are Agado Live, Agromentum (Fieldin), AlvaLinks, ContainerEyes, GeneYX, NeuroTrigger, Oshi (formerly Plantish), Quantum Machines, and Treetoscope. https://www.birdf.com/wp-content/uploads/2023/07/BIRD-BOG-June-2023.pdf https://alvalinks.com/ https://finder.startupnationcentral.org/company_page/container-eyes https://www.nt-med.com/

Posted in Economy & Business | Leave a comment

Tax benefits for investors

The Israeli Knesset has passed the “Angels Law”. It grants tax benefits to investors in the local high-tech industry as well as incentives for purchasing other tech companies based in Israel. Benefits take effect immediately. Foreign firms also get benefits … Continue reading

Posted in Economy & Business | Leave a comment

Good news for Arab women and Haredi men

In 2020, 25% of Arab women aged 30-34 held academic degrees, double the percentage in 2010. In 2023, 45% of Arab women were employed, up from 33% in 2014. Among Haredi men, employment has reached 56%, up from 52% in … Continue reading

Posted in Economy & Business | Leave a comment