Up to £250,000 for joint UK-Israel projects
The UK and Israeli governments have set up a fund of over £2 million to encourage joint UK-Israel business ventures. They have invited entrepreneurs developing new technology to team up and bid for grants up to £250,000 to help pay for cooperative business efforts.
Million-dollar fund for North Israel startups
The University of Haifa’s Carmel innovation fund has raised $1 million to attract entrepreneurs to Haifa and northern Israel. It includes $100,000 to support its underwater-vision startup SEAERRA, developing applications for oil and gas, security and fish-breeding.
Water and jobs for America
Israel’s WaterGen has opened a factory in Columbia, South Carolina that will employ 400 people building its “water from the air” machines. WaterGen plans to open 3 more factories in the next 2 years. WaterGen’s Yehuda Kaploun revealed even more on Fox Business News.
Kindergarten entrepreneurs
Israel’s Ministry of Education has approved an enrichment program called Entrepreneurship for Kids (EFK). Developed by Israeli serial entrepreneur Galit Zamler, EFK is a fun way to introduce children of all ages to entrepreneurial skills, while finding and fostering their personal strengths.
Asia wants Israeli finance technology
Israeli companies are benefiting from the increasing demand in Asia for financial technology. Israeli exhibitors at the Hong Kong FinTech Week conference included AU10TIX , and ThetaRay .
Symantec buys another Israeli cyber company
US cybersecurity giant Symantec Corp has made its third Israeli cybersecurity acquisition in a year, adding Javelin Networks to its recent purchases of Israel’s Skycure ($275 million) and Fireglass ($250 million). Javelin now plans to double the size of its R&D center in Tel Aviv.
Get your vacation off to a sweet start
Israeli startup Sweet Inn uses “TravelTech” to offer its clientele an innovative and hassle-free vacation experience. It offers guests airport transfer, grocery and breakfast delivery, a personal chef, romantic surprises, housekeeping, wifi hotspots and more.
A better image
UK image products giant Vitec Group has acquired its Israeli chipmaker supplier Amimon in a $55 million cash deal. Vitec’s CEO said, “Amimon is the technology of choice for wireless equipment used in the cine market” and Vitec will integrate the company into its creative solutions division.
Huge acquisition by Israeli security company
In contrast to recent big takeovers of Israeli companies, Israeli cybersecurity company ForeScout has just bought US-Netherlands security company SecurityMatters for $113 million. SecurityMatters provides extended enterprise operational technology (OT) network protection.
Deep learning tech for Hyundai
Hyundai Motors has made a strategic investment in Israeli computer vision deep learning startup allegro.ai that will allow more rapid deployment of Artificial Intelligent technology in many business areas and improve the quality of Hyundai’s products.