CTech's Monday Roundup of Israeli Tech News
Israel innovation authority is delaying NIS 100 million-worth of grant payments; Mobileye insider trading defendant to sign settlement with SEC
15:2304.11.19
Israel innovation authority is delaying NIS 100 million-worth of grant payments. Israel’s prized tech industry is the latest to be affected by the country’s political limbo, with unapproved government budget halting payments to startups. Read more
Tel Aviv Skyline. Photo: Shutterstock
Mobileye insider trading defendant to sign settlement with SEC. Intel announced an agreement to acquire Jerusalem-headquartered automotive chipmaker Mobileye for $15.3 billion in March 2017, leading Mobileye’s stock to jump by 28% on Nasdaq. Read more. Read more
Tel Aviv Skyline. Photo: Shutterstock The morning after: startup execs share experiences following an exit. An acquisition carries with it new financial resources, advancement opportunities, and perks, but for some, the shift from startup to big corporate can be challenging, to say the least. Read more
Israeli HMO chairman in talks for new health fund. Clalit Chairman Eli Admoni is aiming to create a fund that will invest in medical device companies and in technologies that could help improve and make community medicine more efficient. Read more
Cannabis company Medivie files patent for toothpaste stand-in cannabis gum. According to the company, tests held so far showed that the gum cleans around 98% of mouth bacteria, removes plaque, and whitens teeth. Read more
7 startups for prostate cancer detection and treatment. In the U.S. alone, about 174,650 new cases of prostate cancer will have been diagnosed in 2019 and around 31,620 people will have died from the disease. Read more
UPS to scout for Israeli cyber-technologies and startups. Ship Your Innovation, UPS Israel’s digital innovation hub, is looking to collaborate with local entrepreneurs and startups developing technologies in the logistics domain. Read more
Work gamification startup Centrical raises $13 million. Centrical, formerly known as GamEffective, develops technology that tracks the performance of employees and provides them with challenges and prizes to incentivize productivity. Read more
Playtika leases two new offices, plans to expand with 100 new hires. As part of its expansion, the gaming company has leased 3,800 square meters of new office space in the Tel Aviv-area towns of Ramat Gan and Herzliya. Read more
