Investment News

JOINT CYBER SECURITY FUND LAUNCHED  (06/2014)

The Israeli National Cyber Bureau at the Prime Minister’s Office and the Israeli Ministry of Science, Technology and Space have established a bilateral fund with the UK Government, with the aim of funding joint research in cyber defense. The agreement, totaling NIS 7 million (1.2M GBP), will enable Israeli and British researchers to strengthen collaboration and conduct joint projects on subjects at the forefront of global scientific research. Dr. Eviatar Matania, head of the Israeli National Cyber Bureau, said: “Britain is one of the most advanced countries in the world in cyber defence, and we place great importance on promoting and strengthening cooperation with our UK partners on all levels. We believe that mutual sharing knowledge will strengthen both countries and contribute to their capacity to deal with the changing nature of global cyber threats”.

INVESTMENTS CENTER RELEASES NEW INVESTMENT INCENTIVES (06/2014)

The Israel Investments Center at the Israel Ministry of Economy recently released new information about the investment incentives available to local and foreign investors in Israel. In addition to detailing information about conditional grants and tax benefits, the new list of incentives includes a host of benefits to employers who hire manpower from a variety of special populations, including ethnic and sectoral minorities, as well as in specific priority regions.

JOINT RESEARCH CENTER LAUNCHED BY UNIVERSITIES IN TEL AVIV AND BEIJING (06/2014)

A $300 million center for innovative research and education has been launched by Tel Aviv University and Tsinghua University of Beijing, funded jointly by government sources and private enterprise. The XIN Center will run out of both universities, bringing together scientists and students from the Israel and China campuses. It will focus its research on pressing global problems in the areas of water, energy, environment, and medicine. Tsinghua President Jining Chen said that while his university has collaborations with many academic institutions around the world, “in terms of innovation, this is the leading one”.

MICROSOFT LAUNCHES ACCELERATOR IN ISRAEL, 1ST IN COMPANY’S HISTORY (06/2014

Microsoft Corporation has announced its launch of Windows Azure Accelerator, the first accelerator in the company’s history, at the Microsoft Israel Research & Development Center. Israel was chosen by Microsoft as the site of the accelerator initiative due to the wide-ranging activity of startups in the area. The corporation is seeking to leverage its own experience and know-how to propel Israeli startups into the global marketplace, aiming to provide a creative working environment, top mentorship and a variety resources to entrepreneurs. It will shortly being recruiting young companies active in cloud, web, and mobile technologies for participation in the four-month program

RAD LAUNCHES R&D CENTER IN BE’ER SHEVA WITH OFFICE OF CHIEF SCIENTIST (06/2014)

Network access solutions developer RAD has inaugurated an R&D Center at the Be’er Sheva High Tech Park, in collaboration with the Office of the Chief Scientist at the Israel Ministry of Economy, investing NIS 110 million in the new center. The OCS is charged with execution of government policy for support of industrial R&D and aims to assist in the development of technology in Israel through a variety of means. The RAD center has hired 30 software engineers to help develop programmable networks, and has plans to expand its ranks to as many as 90 within the coming years. RAD says that the rapid pace of hiring is intended to boost the company’s development as telecommunications switch to virtualization solutions for software networks and network apps. RAD CEO Dror Bin said: “We are proud to take the lead in fostering high-quality human capital in the region for everyone’s benefit.”

AOL INTERESTED IN ISRAELI START-UPS (06/2014)

AOL is looking to invest in Israeli start-ups, announcing that it will be starting a program, called ‘Nautilus,’ which will put at least $100,000 in as many as 10 projects at a time, while escorting them over the course of a year. The Internet giant already has a development center in Israel, and its new project aims to give “maximum freedom to entrepreneurs” and “grant them access to all the tools and connections of a global company”, according to Hanan Laschover, chief executive of AOL Israel. Companies will be chosen from a variety of fields with points of relation to its global activities, with the first investment going to Take&Make,  a start-up that has developed a platform for “do-it-yourself” videos

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