No baby formula, try something Else
The safe, pure, plant-based baby food products of Israel’s Else Nutrition (see previously) are reshaping the industry. It is filling a market gap caused by the shortage of baby formula, and a desperate need for products free of heavy metals.
Investment in Israeli startups to 29/5/22
raised ;
raised ;
raised ;
raised ;
raised ;
raised ;
raised ;
Foreign owners flock back to Israel
Some 385,000 foreigners have visited Israel since Covid-19 entry rules were eased on 1st March. They include the overseas owners of some 83,000 Israeli properties, who last visited before March 2020. Many other “second home” owners made Aliyah, so they could visit during the pandemic.
At the heart of a $2 billion revenue company
US digital printing giant Shutterfly acquired Haifa-based Photoccino, its 8 employees, and AI photographic algorithm in 2012. The Haifa operation now has 150 Jewish, Muslim, Christian, and Druze employees and contributes much of Shutterfly’s $2.3 billion annual revenue.
From TV medical drama to startup
Israeli Emily Levi discovered the reason for her chronic pain while watching the TV drama Greys Anatomy. It inspired her to launch her own medical startup Prolo Cure which uses prolotherapy (injections into a joint) to treat chronic pain.
Investing in mobile ultrasound
GE Healthcare is to invest up to $50 million in mobile ultrasound products of Israel’s Pulsenmore (see previously). GE will also distribute Pulsenmore’s home pregnancy monitors. Pulsenmore is now developing monitors for chronic heart failure, end-stage renal disease and more.
l
Re-charging deal for more Israeli buses
Israel’s Electreon (see previously) has signed a $1.9 million agreement with Israel’s fourth-largest bus operator Electra Afikim, to supply its wireless, dynamic charging infrastructure to simultaneously charge 30 buses. Electreon already signed with Israel’s Dan Buses (see ).
1,600+ European funded Israeli projects
Israeli companies and researchers received 1,666 grants totaling over $1.35 billion from Europe’s Horizon 2020 seven-year research and innovation program. Startups mentioned in the article include , , , , and the .
Funds to train haredim in hi-tech
The Israeli government is investing NIS 10 million to fund up to 70 percent of the cost of new innovative high-tech training and placement programs designed to encourage Israel’s haredi population to join the high-tech industry.
NIS 2 billion for the disabled
The Israeli government is allocating 2 billion shekels to help integrate the disabled into the wider community. It will finance a range of new services including assistance from social workers, guidance in running a household, stenographic and translation services into sign language and more.