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August 30, 2015 / 15 Elul, 5775
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Posts Tagged ‘high-tech’

Tel Aviv University to Set up Life Sciences Center in China

Friday, September 13th, 2013

Tel Aviv University and China’s Tsinghua University have signed a Memorandum of Understanding for strategic cooperation in innovative research and teaching, with an investment of hundreds of millions of dollars.

A new research center in China initially will focus on life sciences and nanotechnology but later will include other sciences and high-tech, Globes reported.

The new “XIN” center will recruit researches and students in Israel and China.

Tel Aviv University president Prof. Joseph Klafter said that founding the new center is a sign of how much China looks to Israel for innovation.

Another Israeli Start-Up to Raise Money on Wall Street

Monday, September 9th, 2013

Israeli start-up Outbrain, which provides a digital content management and storage solution,  sis going to Wall Street to raise $100-200 million in a public stock offering.

The company’s decision to go public rather than sell out to foreign companies puts it in company with Wix, Matomy Media and Fifty One Inc., now called Borderfree, all of which are in the process of offering shares to raise money.

Outbrain’s content recommendations engine is based on what reader’s prefer and is aimed at keeping readers on a news site for a longer time, enabling the site  to sell more advertising.

Its customers include Reuters and The New York Post as well as with companies such as General Electric, which market items on websites.

Israeli ‘Start-Up’ Magnet for American Non-Jews

Sunday, September 8th, 2013

Israel’s reputation as an incubator for Start-Ups has attracted non-Jewish Americans who have settled into successful careers, The Christian Science Monitor reported.

The new immigrants have a downside because some of the non-Jewish entrepreneurs have married Israeli girls. Although their children are Jewish according to Jewish law, the chances of their growing up in a Jewish tradition is low.

The Monitor related the story of Port Huron, Michigan native Cameron Peron, who “left the US in 2005, feeling it had largely lost its entrepreneurial spark.”

Armed with a degree in international business and marketing from the University of Arizona, he met an Israeli girl in San Diego and moved with her to Tel Aviv. They are married, and he is the vice president of marketing at Newvem, a cloud-optimization and analytics firm that works with Amazon Web Services and Windows Azure.

The main reason I’ve chosen to stay here is because of the start-up scene,” he told the Monitor. “There’s a special kind of approach to business, creating something out of nothing. The drive to build something, to make it happen against all odds … I didn’t see that in the US.”

’Middle Class’ Champion Lapid One of Richest Israeli Politicians

Tuesday, September 3rd, 2013

Yesh Lapid party’s chairman Yair Lapid’s wealth is estimated at $6 million, ranking him number six in Forbes Israel’s listing of the top 10 politicians in Israel.

The estimated wealth comes as no surprise to his former supporters, who have helped  his party’s popularity dive by 50 percent since Lapid led the party to win 19 seats in the Knesset with a campaign boasting him as a champion of the middle class.

As Finance Minister, he promptly hiked regressive taxes and cut child welfare benefits, felt most by lower and middle income wage earners.

The list of the top 10 also shows that he is not the only Yesh Atid MK with a fat bank account. Yaakov Perry was ranked right behind Lapid with a fortune of more than $5 million. However, he has said that he is closer to being “middle class” rather than “rich,” which he apparently defines as someone like Warren Buffet.

Not surprising, Jerusalem Mayor Nir Barkat, who profited millions of dollars from his Checkpoint  high-tech company, Prime Minister Binyamin Netanyahu and Minister Silvan Shalom are on the list. Shalom’s wife is from the family with substantial investments, the most well-known being the Yediot Acharonot newspaper.

However, there also are quite a few “limousine liberals” who are big on helping the working class.

In second place, behind Barkat, is Labor party MK Erel Margalit, with an estimated wealth of $60 million, most of made through his Jerusalem Venture Partners enterprise and other business transactions.. In last place” is Labor MK Yitzchak Herzog, with a paltry $3 million.

Other political fat cats are Yair Shamir, son of the late Prime Minister Yitzchak Shamir and a member of the Israel Beiteinu faction of Likud, in fourth place with an estimated wealth of $20 million. Right behind him is Meir Sheetrit, a former Likud and Kadima MK and now a member of Tzipi Livni’s party.

As expected, Jewish Home chairman Naftali Bennett is one the list, in ninth place with a fortune of $7 million.

Technion Ranked with MIT for Graduates Who Are High-tech CEOs

Sunday, September 1st, 2013

Ever wondered where the most successful tech CEOs get their degrees? Bloomberg Rankings has the answer.

After analyzing the alma maters of 250 CEOs of U.S. tech companies with a market value of more than $1 billion, Bloomberg found the Technion-Israel Institute of Technology tied for seventh with MIT, Rice University and the University of Texas.

Israel is home to one of the world’s top tech hubs and Technion is where many of the country’s brightest go to train, according to the rankings.

One of those brightest is Stratasys CEO David Reis. According to Bloomberg, Reis’ 3-D printer maker acquired New York-based MakerBot Industries for at least $403 million earlier this year. The listing also cited the Technion’s collaboration with Cornell University to build a $2 billion tech campus and startup incubator on New York City’s Roosevelt Island.

Birthright May Double its Numbers, Plus Encourage Hi-Tech Aliyah

Tuesday, August 6th, 2013

Question: What’s Blue and White even though it’s on fire?  Answer:  The participants of most Birthright programs.

Approximately 350,000 Jews from across the globe have gone on the 10-day all expenses paid Birthright trip to Israel since the program started in 2000.

For some reason, the people who crafted the Birthright-Taglit program 13 years ago pretty much got it right.  Research shows that young Jews who go on Birthright trips are:

  • 46 percent more likely to feel very much connected to Israel than their counterparts who applied but did not go, and the Taglit effect was greatest among participants from relatively weaker Jewish backgrounds.
  • 28 percent more likely to report feeling very confident in their ability to explain Israel’s current situation than their counterparts who did not go.
  • 51 percent more likely to marry a Jewish person.
  • 28 percent more likely to rate marrying a Jew as somewhat or very important

The program is so popular that each year the program receives approximately 35,000 applications for about 20,500 spots.

But over this past year, according to a report in Haaretz, Israel’s Prime Minister’s Office, the Jewish Agency, and Jewish leaders, have developed a plan to further strengthen ties between Israel and Diaspora Jewish communities.

Jewish Agency Director-General Alan Hoffmann said the plan to increase those ties is based on four key components: Expanding Israeli presence on university campuses abroad; increasing the number of Israeli educators in Jewish institutions abroad; increasing the number of young immigrants in professions deemed required for the Israeli economy; and increasing participation of young Jewish adults in Israel experience programs.

While the new plan won’t be officially announced until October at a conference in Jerusalem, Hoffman divulged that one of the goals is to eliminate the long waiting list for Birthright trips.

For the 2013 Birthright program, 11,862 applicants were unable to participate because of budgetary restrictions. For the 2012 program, more than 17,000 were turned away.

According to Hoffmann, the new plan also includes providing special incentives for young high-tech professionals to immigrate to Israel.

“Looking at the Israeli economy over next 10-15 years, one of the inhibiting factors is that in some of the most successful areas, including high-tech, we are not generating enough trained people to meet the expanding needs of the economy,” Hoffmann told Haaretz.

The new initiative is expected to begin as a pilot program sometime in early 2014, and become fully operational in 2015.

The cost is estimated at $300 million, which will be financed much like the present Birthright program: Israel covers one-third of the expenses and donors cover the rest.

Israel’s Latest Invention: Camera Helping the Blind ‘See’ Objects

Monday, July 29th, 2013

A new invention from Israel that falls in line with the Jewish state’s reputation as a “start-up nation,” potentially revolutionizing life for the blind and the visually impaired, will go on sale in the United States in September.

The device, called OrCam, works via a 5-megapixel camera that attaches to glasses and can recognize text. With the help of the user, the camera can be taught to recognize objects and faces, said computer sciences professor and the co-founder of OrCam Technologies Amnon Shashua, who is also the co-founder of the more well-known Israeli start-up MobileEye, Haaretz and Reuters reported.

The camera uses audio feedback to relay visual information, and has a memory library in which it can store previously recognized objects. While the device still has difficulty handling light and non-flat surfaces, it will sell for $2,500 in the U.S. beginning in September.

 

Printed from: http://www.jewishpress.com/news/breaking-news/israels-latest-invention-camera-helping-the-blind-see-objects/2013/07/29/

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