Israel has signed a new agreement with Hong Kong, intended to ease customs clearance regulations for export and import between the two. It is Israel’s 7th bilateral agreement under the authorized economic operators program after the US, Taiwan, South Korea, Canada, China, and Mexico.
Anheuser-Busch InBev is to open a cybersecurity unit in Tel Aviv after suffering an upsurge in hacking attacks. AB InBev provides 25 percent of the beer globally, making over 400 brands including Budweiser, Corona, Becks, and Stella Artois.
Israeli startup Quik operates a digital store where Israeli customers can order groceries and have them delivered to their homes in up to four hours. The products are picked up from partner stores in the vicinity of the customer’s residence.
Some 40% of the tenants of the 28 offices of Israel’s Mindspace in Europe and the US are large enterprises, including Microsoft, McDonald’s, Samsung and Barclays. They typically rent space for up to two years, allowing them to grow and shrink, and save money too.
Luxembourg-based fund Maor has closed its first Israel-focused fund at nearly $100 million. Maor aims to “facilitate access of European investors and in particular European family offices to the Israeli technology ecosystem and opportunities.”
Israel’s Elbit Systems has won a $73 million contract to supply the German Air Force with aircraft defense systems, Also, Elbit’s subsidiary Cyclone Ltd. was awarded a $50 million contract to supply structural parts from composite materials for an aircraft of a North American customer.
I reported previously that Renault-Nissan Alliance planned to establish a Technology Innovation Center in Israel. Renault-Nissan’s 1,600-square-meter Alliance Innovation Lab Tel Aviv is now open. It also incorporates its current partnership with Mitsubishi.
Intel has launched a new accelerator program in Israel for early-stage startups focused on data-centric tech, including artificial intelligence (AI) and autonomous systems. The program, called “Ignite” will host 10-15 startups for five months, providing mentorship from Intel and industry experts.
Arizona Governor Doug Ducey has approved a $275,000 budget for setting up a new trade office in Israel. 2017 bi-lateral trade totaled $400 million (double that of 2010. Israel-based companies with operations in Arizona include Mobileye, Elbit Systems and Keter Group.
I reported previously on the environmentally-friendly compostable packaging developed by Israeli startup TIPA. Now Google’s shopping site, Google Express, is to package purchases in TIPA’s bio-degradable plastic. UK supermarket Waitrose and others already use TIPA.