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Archive | Innovation and Technology

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

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October 23, 2014
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Wix

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

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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.

PlayBuzz Outbuzzes Buzzfeed

Posted on:
October 14, 2014
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Do you PlayBuzz?

A recent study by NewsWhip found an Israeli startup’s quizzes has landed the second spot of most shared content on Facebook, right behind the Huffington Post. What is most surprising about this accomplishment is that the startup, PlayBuzz, has “outbuzzed” Buzzfeed.

According to Businessweek, “PlayBuzz is a startup company located in Tel Aviv that was co-founded by Shaul Olmert, the NYU-educated son of former Israeli Prime Minister Ehud Olmert. The site, which was launched in 2012, primarily publishes the kind of personalized quizzes (What Type of Rapper are you?What Coldplay Song are You?Which Breakfast Food Are You?) that have proven to be irresistible to large numbers of Facebook users.”

The survey measured the “biggest sites and stories on Facebook for September 2014″.

Read more at Businessweek.

Israeli Startup Scene Thriving Despite Conflict

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October 8, 2014
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Investments in Israeli startups climbed to near record highs in the third quarter, even as the country was in the throes of the worst violence it has seen in years.

Venture investments in Israel-based companies have not only increased in number of deals – with a near 40% rise this quarter over last- but more than tripled the total amount invested in Q1 of 2014. And this doesn’t account for the hundreds of venture-backed Israeli startups headquartered in New York or the Silicon Valley.

Read more at TechCrunch.