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Category Archive » Innovation and Technology

Israel’s Convenient Solar-Powered “Tree”

Posted on:
October 28, 2014
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Have you ever found yourself in a situation where you’re dying of thirst, your phone’s battery is running dangerously low, and you needed to connect to the internet immediately?

While you may not find yourself stuckin this exact situation, you may need at least one of these tools. Israel has the answer: it has created a solar-powered “tree.” According to NPR, “its brown metal trunk and branches reach high toward the sky, like the acacia tree this model is named after. Its seven broad “leaves” are standard solar panels. They shade benches below, as well as power electric and USB outlets, chill drinking fountain water and supply energy for wi-fi.”

Read more at NPR.

Israeli social games developer Diwip sold for $100m

Posted on:
October 24, 2014
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Diwip’s buyer is Canadian company Imperus Technologies.

Israeli social games developer Diwip, which was founded in 2010, was sold last week to Canada’s Imperus Technologies for $100 million cash and a small quantity of shares. $50 million will be paid immediately, and the remainder within two years, in accordance with certain milestones. Imperus, which changed its name a month ago from Isis Lab, has developed a social games platform called Casina that enables the monetization of practically any game or application in the online games industry.

Imperus, which was founded in the same year as Diwip, is smaller than the company it is acquiring, is traded on the Toronto Stock Exchange at a market cap of $29 million, after carrying out a reverse merger into a stock market shell in 2013. Diwip was founded by Yaniv Gamzo and Ehud (Udi) Kantzuker, who are the sole shareholders, in equal shares. They will thus each receive $25 million cash immediately, and up to a further $25 million each later on, assuming that Diwip meets the milestones in the sale agreement. After the sale to Imperus, Kantzuker will be co-president and Chief Product Officer of Diwip, and Gamzo will be co-president and Chief Technical Officer oif the company. Diwip increased its revenue from approximately $7.8 million in 2011 to $28.3 million in 2013.
 
:: Globes

It’s Official: Wix is one of the Hottest Startups in the Middle East

Posted on:
October 23, 2014
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As we all know, many things in Israel are hot: from the weather, the beaches, to the people, it doesn’t get much hotter… but what about Israel’s startups?

Inc. believes that Wix, an Israeli startup, is one of the hottest in the Middle East. Here’s why:

You may be familiar with Wix as a leading cloud-based web development platform, but what you might not know is that this company isn’t even 10 years old. The Tel-Aviv-based web development startup was founded in 2006 by Avishai Abrahami, Nadav Abrahami, and Giora Kaplan and has since taken the web development industry by storm. Born out of their own personal experiences, Wix was created to make it easier for people to build their own HTML5 web and mobile sites through the use of their online drag and drop tool suite. Wix’s platform made an often complicated task into a simple and enjoyable activity, which has been the key to their overwhelming success over the years–a lesson any entrepreneur can appreciate.

Click here for all “7 of the Hottest Middle Eastern Startups You Can Learn From”

Sony Pictures Television acquires 50% of Dori Media Group Ltd.

Posted on:
October 23, 2014
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Big news coming out of the Israeli TV industry today: Sony Pictures Television has just acquired 50% of Dori Media Group Ltd.

Wondering just how big Dori Media Group is? According to the corporation, “Dori Media Group is an international group of media companies, located in Israel, Switzerland, Argentina and the US., the group produces and distributes TV and New Media content, broadcasts various TV channels and operates video-content internet sites. The group owns approximately 5,500 TV hours; more than 7,000 3 minute video clips; 120 9-minute webisodes and around 550 1-5 minute cellular episodes of telenovelas and daily dramas, which it sells to a wide variety of audiences in more than 100 countries.”

While information on the total financial amount of the acquisition was not released, the cost could be “a price of tens of millions of shekels, according to market estimates.” Management at Dori Media Group hopes that the acquisition will allow for growth of the corporation.

Read more at Globes.

In tech to make Ebola vaccine, Israeli firm was there first

Posted on:
October 22, 2014
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Israel is leading the way while the world struggles to find a cure for Ebola as it continues to spread.

It is known in this international struggle that the cure may be found in tobacco: the plant is a “vehicle to synthesize antibodies for a vaccine.” Israel’s Collplant is at the forefront of this industry.

Currently, ZMapp, “the tobacco-synthesized ‘cocktail'” is believed to be the sole treatment to Ebola. While Collplant is currently not involved in the manufactoring of ZMapp, the company is a logical partner in the battle to cure Ebola using tobacco protein.

According to Times of Israel, “It was CollPlant that pioneered the mass production of human materials in tobacco plants. ‘We didn’t invent the method, but we have taken it farther than anyone else,’ said Shoseyov. Using nanotechnology, CollPlant produces human collagen from tobacco plants, a far better way to produce an element essential to repairing bones and joints than the alternatives – using materials extracted from cows and pigs to produce artificial collagen.”
 

Read more at Times of Israel.

China Officially the Biggest Investor in the Start-up Nation

Posted on:
October 15, 2014
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The biggest investor in the Start-up Nation is officially China, according to reports.

Edouard Cukierman, Israeli business person stated,

“China over the past two years has become the number one investor in Israel. For them, Israel is a great source of technology to help them develop their economy, while for us, it’s a fantastic opportunity to gain entry into the biggest market in the world.”

Israelis are also looking at China for their technological and business acumen. Times of Israel notes that Israel has looked at China as a sort of “‘big brother,’ a partner with a burgeoning economy and great prospects for long-term growth.”

Read more at Times of Israel.