Israel Active

The Europe-Asia Pipeline Co has signed an agreement with the Med-Red company to convey UAE oil from Eilat to Ashkelon. It will save shipping the oil through the Suez Canal, benefiting the Israeli economy economically and cementing strategic joint Israeli-Arab relationships.

Israel’s AquaMaof Aquaculture Technologies (reported previously) has won a $90 million contract to build an on-land salmon farm in Reno, Nevada. Producing up to 60,000 tons of fish per year without the use of chemicals or antibiotics, it will be one of the largest salmon farms in the U.S.

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Israel’s Novawind has organized a virtual conference “Europe Days 2020” (27 Oct). It aims to give companies in Germany, Switzerland and Austria access to the tech solutions of at least 200 innovative Israeli companies, to help them overcome the effects of the coronavirus pandemic.

Israeli-founded SentinelOne, incorporated as Sentinel Labs Inc. is in the process of raising between $150 million and $200 million at a valuation of $3 billion. It will be the largest privately-owned tech company founded by Israelis and one of the largest private cyber companies in the world.

Veteran medical and financial experts have partnered together to form Medination – a new health-tech fund. Its team originates from Teva, IBM, BGU, Hadassah, TLV Medical Center, Ichilov-Tech, Clal and VC fund managers. Medination will invest in breakthrough stage R&D digital health companies.

Israel Aerospace Industries (IAI), together with its partner Airbus DS Airborne Solutions (ADAS) has been awarded a contract to provide the European Border and Coast Guard Agency (Frontex) with Maritime Heron UAVs for unmanned patrols. IAI’s UAVs are already used in Europe .

Intel Israel has selected 10 Israeli startups for the 3rd cohort of its Ignite TLV AI accelerator program (reported previously). They are , , Komodor, , , , , , and . Only and have been featured here previously.

Entrepreneur Erel Margalit and Jerusalem Mayor Moshe Lion launched Margalit Startup City, an international entrepreneurship and innovation quarter in the Israeli capital. The 50,000-sqm space will house startups, multinationals, investment and international R&D centers, plus an adjacent cultural and social center.

Israeli airline Arkia has begun offering tickets for daily direct flights between Tel Aviv and Dubai that will commence operation on 3rd Jan. The 3 to 4-hour flight will use Arkia’s 122-seat Embraer 195 jets. Arkia also investigating routes to Manama in Bahrain and Sharjah in the UAE.