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  • NoCamels 11:02 am on June 7, 2016 Permalink
    Tags: IDC, , , israel, Israel's IDC, Israeli innovation program   

    IDC Launches Innovation Program IDCBeyond 

    idclogoJune 7, 2016 | Israel’s IDC Herzliya will start a new program in October to promote innovation and entrepreneurship. The one-year program for holders of a BA, called IDCBeyond, will include a curriculum of interdisciplinary training in technology, biomedicine, globalization and sustainability while encouraging participants to set up ventures from the very start, with the assistance of mentors from academia and industry. At the end of the school year, those with exceptional initiatives will participate in an accelerator and will be rewarded with access to venture capital funds and networking to further promote their projects. Postgraduate students who have a strong passion for entrepreneurship and a background in science and medicine, engineering, computer science, business administration, design and architecture can apply for the program. Nava Swersky Sofer, a technology entrepreneur, will head the program, which will be part of the Adelson School of Entrepreneurship at IDC. Swersky Sofer has over 25 years of international experience as an entrepreneur and manager, is an investor in venture capital and is an expert in the fields of innovation and technology commercialization. She is also a member of international forums for innovation and technology promotion, a director at several companies, and the former president and CEO of Yissum, the technology commercialization company of the Hebrew University of Jerusalem. The IDC was founded in 1994 by Prof. Uriel Reichman as a private, nonprofit institution for higher education that doesn’t rely on government subsidies.

  • NoCamels 1:59 pm on May 24, 2016 Permalink
    Tags: , israel, ,   

    OrbiMed Launches $307M Second Israel Fund 

    OrbiMed - News Flash - IsraelHealthcare investment firm OrbiMed has announced the closing of its second Israel-focused venture capital fund, OrbiMed Israel Partners II, LP, with approximately $307 million in capital commitments. Investors in the fund include several of the world’s largest healthcare companies, in addition to dozens of institutional investors and family offices. Like its predecessor fund, OrbiMed Israel Partners II will target all stages and sectors of the healthcare industry, with a focus on biopharmaceuticals, digital health, medical devices, and diagnostics companies in Israel. The fund is targeting to invest in approximately 20 portfolio companies. OrbiMed’s Israel office, located in Herzliya, was opened in 2010, and is led by Dr. Nissim Darvish, Erez Chimovits, and Anat Naschitz. OrbiMed has offices in New York, San Francisco, Mumbai, and Shanghai.

  • Anouk Lorie 12:20 pm on August 7, 2014 Permalink
    Tags: firing, galaxyS5, israel, mobile health, ramat gan, , ,   

    Samsung Israel Fires 25 Employees At Ramat Gan R&D Center 

    Samsung Announces Israel IncubatorAugust 7, 2014 | Samsung Israel announced that it will let off 25 of its 250 employees at its Ramat Gan R&D center. The employees that were fired worked in the analog and ASIC sectors, while the R&D center is focusing on other areas, like mobile health. An example of Samsung’s new focus on mobile health is evident in the S5 Galaxy smartphone with the blood pressure and heart rate sensor. The Samsung R&D Israel is responsible for the development of images on Samsung smartphones.

  • Anouk Lorie 12:06 pm on August 7, 2014 Permalink
    Tags: , , israel, , , , up from forecasts, website design,   

    Wix Outperforms Forecasts, Up 82.5 Percent Revenue In Q/2 2014 

    Wix Cancels Secondary OfferingAugust 7, 2014 | The Israeli internet company Wix outperformed financial analysts’ forecasts in the second financial quarter, with company revenue soaring 82.5 percent in comparison to the same quarter last year. The company finished the second quarter with $33.4 million in revenue, up 17.8 percent from the preceding quarter. Analysts assessed that Wix would make $31-32 million in revenue with collections totaling $39.9 million. Wix developed a platform that allows for the easy construction of websites aimed at small businesses with over 51 million users in 190 countries.

  • Anouk Lorie 3:29 pm on August 6, 2014 Permalink
    Tags: $30 million, cloud-based software, , israel, , ott content revolution, , , , trellas, , ukraine,   

    Trellas Invests Over $30 Million In Vidmind Group 

    vidmind_logoAugust 6, 2014 | Trellas, one of Russia’s biggest independent retail groups, invested over $30 million in Vidmind, a cloud-based software suite and set-top box. Trellas has over 3,200 stores throughout Russia and the investment comes in an effort to become a global leader in the OTT (over-the-top) content revolution. TVzor, Trellas’ OTT Pay TV Service, uses Vidmind’s cloud-based, hybrid OTT/DTT platform as the foundation for a new primary TV service in Russia. “Our goal is to lead the TV revolution by ‘going virtual’ – that is to say, leveraging the open Internet and free-to-air TV to provide a primary TV service,” said Maxim Nogotkov, founder and majority shareholder of Trellas. Vidmind is an Israel-based company with offices in Tel Aviv and Lviv, Ukraine. The company itself is a subsidiary of Trellas as the later was an initial investor when Vidmind was founded in 2012.

  • Anouk Lorie 1:27 pm on August 6, 2014 Permalink
    Tags: bna analysis system, brain activity analysis, brain function, , , food and drug administration approval, israel, ronen gadot,   

    EIMindA’s BNA Analysis System Receives FDA Approval 

    EIMindAAugust 6, 2014 | Israeli brain research company EIMindA announced that the United States Food & Drug Administration (FDA) has cleared the company’s BNA Analysis System for the assessment of brain function. The Brain Network Activity combines non-invasive, multi-channel EEG technology with signal processing and analysis algorithms to assess brain activity during certain processes. The system is then able to take the data it collects and provide both quantitative and qualitative insights into brain functionality. “Greater understanding of how our brain processes information, how it gets its job done, ultimately holds the potential to improve brain health and disease management over a person’s lifetime,” said Ronen Gadot, CEO of EIMindA. EIMindA was founded in 2006 to address an unmet need in the accurate, objective diagnosis and treatment of brain-related disorders through a data-driven approach.

  • Anouk Lorie 12:40 pm on August 5, 2014 Permalink
    Tags: 76 percent, 76 percent increase in revenue, israel, jazz, profits, , revenues, second financial quarter, , , ,   

    Tower Semiconductor Reports 76 Percent Revenue Increase In Q/2 

    TowerJazzlogoAugust 5, 2014 | Israeli company Tower Semiconductor published its results for the second financial quarter, noting a revenue of $234 million, up 76 percent from the previous quarter and 87 percent more than the corresponding quarter in 2013. On a non-GAAP basis, Tower made a profit of $31 million, with both the revenue and the profits beating the consensus analysts’ estimates. Founded in 1993, Tower Semiconductor and its US subsidiary Jazz Semiconductor manufactures semiconductors and integrated circuits for the electronics industry and is publicly traded on NASDAQ and TA-100.

  • Anouk Lorie 12:09 pm on August 5, 2014 Permalink
    Tags: advertisement optimization, , israel, , perfect market, publisher monetization, , , ,   

    Taboola Acquires Ad Optimizer Perfect Market, Lauches Taboola-X 

    Taboola To Cooperate With AOLAugust 5, 2014 | The Israeli content discovery platform Taboola announced that it will acquire US company Perfect Market in order to broaden the company’s portfolio and its products. Perfect Market allow content providers to increase their revenue by optimizing the text advertisements that appear on websites. Taboola hopes to use Perfect Market’s tools to offer their customers an additional service, Taboola-X, that will bring in extra revenue for publishers. This is Taboola’s first acquisition of a company, occurring after the company reported $250 million in revenue. The company has yet to disclose the financial details of the sale, but according to reports, Perfect Market has raised up to $30 million to date, which leads to estimates that Taboola paid tens of millions of dollars for the company.

  • Anouk Lorie 3:33 pm on August 4, 2014 Permalink
    Tags: $7 million, aesthetic, , endymed, , israel, medical equipment, ohmk,   

    Medical Equipment Manufacturer EndyMed Raises $7M From Chinese Distributor 

    endymed_logoAugust 4, 2014 | EndyMed, an Israeli medical equipment developer creating equipment based on radio frequency technologies, signed an agreement with Chinese company OHMK Medical Technology for $7 million. OHMK will acquire 47.93 million EndyMed shares, giving OHMK a 37.21 percent stake in the company. OHMK markets EndyMed’s products EndyMed Glow and EndyMed Pro in China. Founded in 2007, EndyMed is a medical technology company specializing in the design, development and sale of energy based aesthetic treatments. The company’s products have been approved by the Food & Drug Administration in the United States and China.

  • Anouk Lorie 12:47 pm on August 4, 2014 Permalink
    Tags: 250 million euros, 3D software, , , france, israel, quintiq, software optimization, , the netherlands   

    Dassault Systèmes To Acquire Quintiq For $335.7M (EUR 250M) 

    dassaultsystemsAugust 4, 2014 | Dassault Systèmes, a world leader in 3D software design, announced that the company will acquire Quintiq, a supply chain planning and software optimization company, for $335.7 million (EUR 250 million). Quintiq is a company with more than 800 employees specializing in production, logistics and workforce applications. Their software is used in more than 90 countries by 250 customers and 1,000 sites. Quintiq, headquartered in the Netherlands, will extend Dassault Systèmes’ 3DEXPERIENCE platform to business operations planning, enabling the latter company’s long-term goal of harmonizing product, nature and life. Dassault Systèmes is a French software company specializing in the production of 3D software, with offices in Israel.

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