Author Archives: MichaelOrdman

Supporting the hi-tech ecosystem

Israel’s Built Up Ventures and Besadno Group have launched a new Security Fund. The emergency Impact Investment Campaign is raising capital for its portfolio and affiliate companies involved in the defense, homeland security, and essential medical care sectors. https://www.israel21c.org/promo/__trashed/

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Supporting suppliers and victims

Western Galilee Now’s Support Packages enable people to send gift boxes to evacuees, soldiers or any loved one in Israel. The boxes are filled with premium products sold by small Galilee and Negev-based businesses who are suffering loss of income … Continue reading

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Government funds for suppliers

Israel’s Defense Ministry is ensuring that key suppliers do not suffer from cashflow problems. It has paid more than four billion shekels to thousands of small and mid-sized suppliers and manufacturers with a quarter of this going to those on … Continue reading

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Border farmhands get double pay

Israel’s Agriculture Ministry has promised to double the wages of farmhands in fields close to the Gaza and Lebanon borders. It seeks to lure out-of-work Israelis to take up jobs on farms. Israel is also hiring up to 10,000 farm … Continue reading

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Azerbaijan buys a Barak

Azerbaijan has bought a Barak MX air defense system from Israel Aerospace Industries from $1.2 billion. Its purpose is said to protect Azerbaijan against the threat from Iran. https://en.globes.co.il/en/article-azerbaijan-buys-12b-israel-aerospace-barak-missile-system-1001462371

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Compensation for War victims

Israel has approved an economic aid plan estimated at NIS 15 billion. It includes grants to war-affected businesses with turnover of up to NIS 400 million. It also includes a salary reimbursement program and provides relief for employees put on … Continue reading

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$1 billion of Israel bonds

Israel Bonds has raised more than $1 billion in the past month. President and CEO Dani Naveh said, “This is Israel Bonds’ highest surge of investment ever, which demonstrates the strong support for Israel of the Jewish communities and Israel’s … Continue reading

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Israel is the Resilience Nation

OurCrowd CEO Jon Medved explains why despite the challenges, Israel’s tech community remains fully mobilized, contributing significantly to stability and functionality during these testing times. He cites “multitasking, because of redundancies built in, and because frankly, this isn’t our first … Continue reading

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Euro patent for resistant plant tech

Israel’s PlantArcBio (see here previously) has received a European patent for its Direct in Plant (DIP) platform. It identifies the best genes for crops to withstand harsh climates, as well as pests and weeds. It then applies these traits in … Continue reading

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Chocolate to lower blood sugar level

Israel’s SOLVEAT (see here previously) has produced a prototype of its herbal chocolate bar. A preliminary study found that it reduced blood sugar by 10 to 24 percent in 10 out of 12 participants with prediabetes. A clinical trial is … Continue reading

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