Israel Active

Calcalist's annual innovation and technology conference Mind the Tech will take place in London on September 11-13. Participants include investors, entrepreneurs, and executives active in the mobility, artificial intelligence, big data, and e-commerce sectors.

Malaysia-listed GHL Systems is partnering with Splitit Payments. As part of the deal, Splitit’s Israeli-developed installment payment service will be offered by more than 2,000 online merchants in Malaysia, Thailand, Indonesia, and the Philippines.

Israeli on-demand cloud technology startup env0 won Israel’s must lucrative start-up prize, taking home $250,000 at TMTI Summit’s “The Challenge” competition. Env0 uses AI to generate code continuously and help deploy and manage multiple cloud native environments.

Volvo Cars Tech Fund has made investments in two promising Israeli technology start-ups - UVeye and MDGo – Volvo’s first investments outside of the USA and Europe. Both startups have benefited from Israel’s “Drive” accelerator program, which Volvo has supported.

Amazon anticipate a September launch in Israel, as by then at least 100 Israeli retailers will have opened an Amazon store.  A sales campaign is to begin in August. Delivery to local customers will be provided through an Orian / Gett partnership.

Positive highlights in the latest Taub Center report include rising standard of living, falling prices, more participation in labor force, low tax rates, high birth rate, improved education results, growth in hi-tech education, low cost of healthcare, reduction in poverty and more daycare provision.

The European Commission will invest up to 15 million Euros in Israeli companies (up to 2 million Euros in each) for the purposes of commercializing products. It will be the first time that the Commission has taken equity stakes in startup companies.

Following his recent trip to Israel, Governor Andrew Cuomo announced a wide-ranging series of economic development partnerships between New York State and 17 Israeli entities. They involve UAV / drones, transportation, energy, cybersecurity, financial technology and health care industries.

More news about Israeli startup Karamba and its systems for preventing cyber-attacks on a vehicle’s engine control unit. Karamba’s technology is now to be integrated into the car infotainment systems of Japan’s Alpine Electronics – Karamba’s 17th partnership.

This article provides a feel for the huge amount of effort and expense that Israeli hi-tech companies put into recruiting and retaining their employees.