MAGAZINE ABOUT LIFE IN ISRAEL

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Economy & Innovation - page 15

#1: Silicon Valley #2 Israel

in Economy & Innovation

Alphabet’s Eric Schmidt considers Israel No 2 worldwide when it comes to initiating start-ups. The former Google chief and now executive chairman of Google’s parent company sees the local start-up scene pretty much unparalleled apart from the established US technology hub. “For a relatively small country, Israel has a super role in technological innovation,” he…

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Third Microsoft Israel R&D Centre

in Economy & Innovation

Microsoft goes North with their new research and development centre in the Galilee city of Nazareth. The third R&D centre of the giant software enterprise is going to employ around 50 people, bringing the number of Microsoft employees in Israel (Haifa, Herzliya and now Nazereth) to 1000. ‘The new site is an additional step in…

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Israeli Startup tests first electric road

in Economy & Innovation

Charging batteries of e-vehicles could become yesterday’s affair if this experiment goes well: Israeli startup ‘Eletroad’ embedded copper chains into a street in northern Tel Aviv. This enables e-vehicles to charge simply by driving on this street via under-the-road electric charging beds that are connected to a power converter. According to ElectRoad the electric lines…

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Volkswagen invests $300m in Gett

in Economy & Innovation

Israeli much-praised startup company Gett (previously Get Taxi) raised $300 million from Europe’s largest carmaker Volkswagen. Volkswagen chairman Matthias Muller said, “Alongside our pioneering role in the automotive business, we aim to become one of the world’s leading mobility providers by 2025. Within the framework of our future Strategy 2025, the partnership with Gett marks…

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Fast pace towards the Far East

in Economy & Innovation

Israel is heading eastwards, at least when it comes to economic ties. Chocolate giant Max Brenner (Strauss Group) launched their first shop in China this week. The new store in Beijing is the group’s latest move to gain foothold in foreign markets besides Europe while offering products from the company’s main production site in Bet…

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