Why Israel and the ‘start up nation’ had another successful week
Microsoft in Israel is celebrating ‘big time’ at the moment. After 25 years in the Holy Land, the Bill Gates team has much to shout about. And next month, the tech giant will open another new centre – this time in Nazarethand thus deliberately targeting new employment for Arab men and women.
Look just a little further and you will quickly realise that these developments are just a small part of a yet another great week for the world of Israeli high-tech. Consider this selected list to illustrate what I mean.
- Intel is to lay out around US$175 to possess the Israeli 3D video tech firm Replay Technologies. In effect, this cements a joint venture that started back in 2013.
- In the field of biotech, the American investment group Maxim issued an incredibly positive report. It issued a ‘buy’ suggestion for 6 Israeli companies, where shares are considered to be undervalued by at least 100%.
- Cyber as ever was in the news. It was CyberArk making its third Israeli purchase, this time picking up Agata Solutions. Not bad for a 7-person outfit, located way outside the traditional Israeli techie zones.
- Amazon has concluded a lease for a 1,250 sq m site in Haifa to accommodate a new r&d quarter.
- Singapore’s OUB Group will invest US10m in the Jerusalem-based OurCrowd, which specialises in Crowd Funding.
- “The Nazareth Business Incubator Center announced the launch of Hybrid”, a programme supported by the government and ex-army geeks and aimed at bringing startups from Israel’s Arab community to the next level.
And so I can continue. These items show the extent to which Israel has become a key part of the international commercial community. In turn, the world has come to appreciate the country’s technological capabilities. Israel continues to deserve the honourable title of ‘start up nation’.
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