Cooperation with China is flourishing
As Israeli Prime Minister Netanyahu visits China, the Chinese Ambassador to Israel says that Israel is a stakeholder in helping China reform, open up and innovate.
Indian firm invests in Israeli hi-tech
Indian conglomerate Tata is contributing $5 million to Tel Aviv University’s Technology Innovation Momentum Fund. It is the largest single investment in Israel by an Indian group. TAU’s relationship with Tata, is via an India-Israel tech and business forum set up ago some years ago.
More fizz for SodaStream
Israel’s home carbonated beverages maker SodaStream International announced its profits were up 19.5% and revenue up 34% in the first quarter of 2013.
Sony invests in Israeli medical fund
Sony Corporation has invested $10 million in Rainbow Medical, which invests in the medical device inventions of serial entrepreneur Yossi Gross. Rainbow Medical will effectively function as a kind of R&D center for Sony.
The “Inside” story on Israeli Start-ups
"Business Insider" yesterday listed Israel's 20 hottest start-ups, and praised the country's developed start-up industry. Israel is home to some 4,800 startups. It's also home to least two dozen accelerator/incubator programs in the Tel Aviv area, alone.
“A lean, green manufacturing machine”
That’s what Israel can become, according to the Washington Post, thanks to its huge reservoirs of natural gas discovered off the coast of Israel. It is “capable of supplying cheap, clean energy to its people, factories and vehicles for a generation.”
Babylon deal translates into cash
(Thanks to Eli) Israeli translation company Babylon has signed a four-year cooperation agreement with Yahoo Inc. The two companies will share in revenue from Internet advertising, which provides Babylon with 94% of its revenue. Babylon already has around 50 million users a day.
EasyJet “goes big in Tel Aviv”
Low-cost airline easyJet is launching an aggressive marketing campaign in London, aimed at promoting tourism to Tel Aviv among young people and couples without children, under the banner "Go Big in Tel Aviv." It also plans to fly to Israel from Rome, Milan, Paris, Nice, Berlin and more.
Israel’s space travelers go electric
Israel Aerospace Industries has signed a leasing agreement with Israel’s Better Place to operate a fleet of electric vehicles. The fleet of several dozen Renault Fluence Z.E. (Zero Emissions) cars will replace regular fuel vehicles in the company car pool.