Better Place wins $350 million investment

The major funding deal, led by HSBC, is one of the largest ever in cleantech. Shai Agassi’s electric car venture Better Place has signed a major funding deal, in which a consortium of investors, led by HSBC, will invest $350 million in the venture. The investment is one of the largest ever in cleantech, andContinue reading “Better Place wins $350 million investment”

TASE (Tel Aviv Stock Exchange) LAUNCHES NEW INDEX: BIOMED

The Tel Aviv Stock Exchange (TASE) Board of Directors approves (January 21st 2010) to launch a new equity index covering the biomed sectors.  Some 100 technology companies currently trade on the TASE, of which 38 are in the various biomed industries. Most of these companies are early-stage enterprises engaged in R&D in life sciences, biotechnology,Continue reading “TASE (Tel Aviv Stock Exchange) LAUNCHES NEW INDEX: BIOMED”

The Tel Aviv Cluster

Tel Aviv has become one of the world’s foremost entrepreneurial hot spots. Israel has more high-tech start-ups per capita than any other nation on earth, by far. It leads the world in civilian research-and-development spending per capita. It ranks second behind the U.S. in the number of companies listed on the Nasdaq. Israel, with sevenContinue reading “The Tel Aviv Cluster”

IMF SAYS ISRAEL SAFE HAVEN AMID GLOBAL CRISIS

“Since early 2008 it seems that Israel acquired the status of a safe haven, with sharp growth in the movement of capital into the market and the revaluation of the real exchange rate.” So says the IMF in its world review. The International Monetary Fund (IMF) praised Israel’s response to the recent economic crisis andContinue reading “IMF SAYS ISRAEL SAFE HAVEN AMID GLOBAL CRISIS”

Oil Refineries’ Completes Acquisition of Balance of Carmel Olefins from Israel Petrochemical Industries

As reported in by Standard and Poor’s , following completion of the transaction, ORL holds 100% of CAOL, while IPE increases its holding in ORL to 30.7%, and the Israel Corp. and the public will respectively hold 37.1% and 32.2% of the Company. In parallel to the completion of the transaction, the Israeli Government hasContinue reading “Oil Refineries’ Completes Acquisition of Balance of Carmel Olefins from Israel Petrochemical Industries”

SECURITY COMPANY GETS “MOST PROMISING STARTUP” AWARD AT GLOBAL SECURITY CHALLENGE COMPETITION

Adaptive Imaging Technologies (AIT), an Israeli security start-up, won the “Most Promising Startup” award at the Global Security Challenge in London for its digital surveillance system that allows a single device to provide the same functionality as a large number of conventional wide-angle and telescopic cameras. The so-called “Panoramic Telescope” continuously monitors a 180 degreeContinue reading “SECURITY COMPANY GETS “MOST PROMISING STARTUP” AWARD AT GLOBAL SECURITY CHALLENGE COMPETITION”

ISRAEL OPENS TWO CLEANTECH R&D CENTERS IN THE SOUTH

To boost entrepreneurial activity and encourage further innovation in the cleantech sector, Israel’s Ministry of Industry, Trade and Labor is creating a renewable energy center and a water technology center in the Negev. The centers will be established following a tender procedure including Israeli and international investors and have an approved 5-year budget of 100Continue reading “ISRAEL OPENS TWO CLEANTECH R&D CENTERS IN THE SOUTH”

BOOK REVEALS HOW ISRAEL BECAME A START-UP NATION

A new book called “Start-Up Nation: The Story of Israel’s Economic Miracle,” explores the culture behind Israel’s economic success and maintains that those same factors which allowed Israel to excel would ensure its continued growth among the economic leaders of the world. The book’s authors, Dan Senor and Saul Singer, who interviewed more than 100Continue reading “BOOK REVEALS HOW ISRAEL BECAME A START-UP NATION”

FITCH MAINTAINS ISRAEL’S CREDIT RATING DESPITE GLOBAL CRISIS

“Israel is one of only four A-rated countries that will emerge from the recession in 2009” – Fitch Credit rating agency Fitch Ratings reiterated Israel’s sovereign debt rating at A with a “Stable” outlook, while Israel’s domestic bond rating was maintained at A+ with a “Stable” outlook. Fitch follows Moody’s Investors Service and S&P, bothContinue reading “FITCH MAINTAINS ISRAEL’S CREDIT RATING DESPITE GLOBAL CRISIS”