MAGAZINE ABOUT LIFE IN ISRAEL

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Economy & Innovation - page 22

First trust fund for every child

in Economy & Innovation

The National Insurance Institute’s Administration is going to introduce a plan called ‘Savings for every child’ on January 1 2017. The plan will enable everyone reaching age 18 to begin their adult life with NIS 20,000 in the bank. “The new trust fund for every child will go a long way to narrow the social…

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#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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