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Monthly Archives: October 2023
Global corporate aid
Canada’s Leaders Fund is donating $50+ million to Israeli aid organizations. Salesforce – $3m; Disney – $2m; Paramount – $1m; Insight Partners – $1m; General Catalyst – $0.25m; Cisco is paying NIS 9k to each Israeli employee and NIS 19k … Continue reading
Posted in Economy & Business
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Startup budget quadrupled
Israel has increased the budget of the Innovation Authority’s Fast-Track program by a factor of four, from NIS 100 million to NIS 400 million. It will provide vital support to startups facing financial difficulties because of the ongoing hostilities. https://www.israelnationalnews.com/news/379158
Posted in Economy & Business
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Investment in Israeli startups in a war
Island.io raised $100 million; Blockaid raised $27 million; Mana.bio raised $19.5 million; PhaseV raised $15 million; Statement raised $12 million; Wanda Fish raised $7 million;
Posted in Economy & Business
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Israel will emerge stronger
Positive messages from Jon Medved, CEO of Israel’s OurCrowd, and Economist Amir Kahanovich who predict Israel’s resilience will ensure that it will recover from adversity and grow even stronger. Medved also calls on everyone to combat misinformation, support Israel, and … Continue reading
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Bank of Israel freezes mortgage and loan repayments
Israel’s Central bank is to freeze mortgage and loan re-payments to Israeli citizens for 3 months to provide financial relief and ease cash flow crunch during the war. https://www.timesofisrael.com/bank-of-israel-sets-out-plan-to-freeze-mortgage-loan-payments-for-3-months/
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Support from Diaspora Jews & friends
This article describes some of the Jewish and non-Jewish organizations who are raising funds to support victims of Hamas terrorism and their families. They include Israel Bonds, Victims of Terror, UJA, JNF-USA, synagogues, Christians United 4 Israel, and even Tieks … Continue reading
Posted in Economy & Business
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Financial support for war victims
Israel’s Tipalti (see here previously) has raised and donated 2.5 million shekels in humanitarian relief. The Israeli Children’s Fund (ICF)is giving $100,000 to each child who has lost a parent. Over 200 Venture Capital funds have signed a letter of … Continue reading
Posted in Economy & Business
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A wave of new business for the new Middle East
On the 3rd anniversary of the Abraham Accords, this article describes the success of the Dubai Multi Commodities Centre (DMCC) and its success at providing Israeli entrepreneurs with a platform to explore new markets and foster cross-cultural partnerships. https://www.jpost.com/israel-news/article-760284
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3 Golds at Informatics Olympiad
Israel’s Informatics team won three gold medals and an honorable mention at the International Olympiad in Informatics. It was Israel’s best-ever result at the Olympiad since it first competed in 1996 (see here previously). Israel came overall 4th of the … Continue reading
Posted in Science & Technology
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Israeli scientists awarded European grants
Two Bar-Ilan University scientists received a total of $3.6 million from the European Research Council. Dr. Assaf Ben-Moshe studies the properties of mirror images of chemicals. Dr Shahar Alon studies interactions between the immune system and tumors. https://www.i24news.tv/en/news/israel/technology-science/1693920094-israeli-researchers-receive-over-3-5-million-from-european-research-council
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