Archive for March, 2009

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UAB’s Parc de Recerca has already attracted 24 technology companies

March 31, 2009

 

 

 

 

Universitat Autònoma de Barcelona’s Parc de Recerca maintains its growth goal and has recently announced that 24 technology-based companies have set up business in its facilities. Biotech firms such as Endor and Activery have chosen the UAB Parc to strengthen their businesses and benefit from synergies with other technology companies.

 

 

The project is a joint initiative of Universitat Autònoma de Barcelona, the Spanish Council for Scientific Research (CSIC) and the Institute of Research for Food and Agro industries (IRTA). The UAB Parc is also home to some 30 centers of research in social sciences, biomedicine and health sciences.

 

 

Source: Expansión Catalunya 27/02/2009

 

 

via Invest in Catalonia. Invest in Barcelona. Invest in Spain. Invest in Europe..

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Yissum and Germany’s Merck set up nanotech start-up

March 30, 2009

QLight Nanotech will develop color monitors.
Gali Weinreb30 Mar 09
Yissum Technology Transfer Company of the Hebrew University of Jerusalem and German pharmaceutical company Merck KGaA (EXTRA: MRK) today announced that they have signed an R&D agreement for the joint development of a novel semiconductor nanoparticle technology for a novel display application by Yissum spin-off, QLight Nanotech Ltd. The announcement was made at 2009 NanoIsrael Conference.

Prof. Uri Banin

Prof. Uri Banin

The technology was invented by Professor Uri Banin from the Institute of Chemistry and the Center for Nanoscience and Nanotechnology at the Hebrew University of Jerusalem.
Yissum, Merck, and the Office of the Chief Scientist have invested several hundred thousand euro to set up QLight, which will develop nanotechnology for color display screens for use in computers, televisions, and other devices.
Merck will license QLight’s semiconductor nanoparticle technology for optical applications and will sponsor an R&D program that QLight will carry out over the next three years. QLight will contribute its experience in nanoparticle research, particularly in synthesizing and manipulating new nanoparticles. Merck will contribute its expertise in the specialty materials field and in large-scale production of sophisticated chemical formulations, which will be used for producing large quantities of the nanoparticles developed at QLight.
Flat-screen displays are mainly manufactured based on liquid crystal technology (LCD). QLight’s technology will enable the development of both flexible and very large displays, including advertising displays, large-scale video and TV walls. The semiconductor nanoparticles technology enables large-scale production and will allow high brightness and low energy consumption.
Merck KGaA has expanded its activity in Israel in recent years, including through its acquisition of Serono, which owned Ness Ziona-based Interpharm Laboratories, as well as through cooperation agreements with the Chief Scientist, which have already resulted in two agreements with Compugen Ltd. (Nasdaq: CGEN; TASE: CGEN).
Published by Globes [online], Israel business news – www.globes-online.com – on March 30, 2009
© Copyright of Globes Publisher Itonut (1983) Ltd. 2009

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Haifa to build biotech park

March 30, 2009

Haifa Economic Corp expects to invest $1.5 billion in the new park over five years.

Gali Weinreb 30 Mar 09 

Haifa municipality-owned Haifa Economic Corporation plans to build a biotechnology park adjacent to Matam High-Tech Park at the southern entrance to the city. The company expects to invest $1.5 billion in the new park over five years.

The biotechnology park will be built on a 30-dunam (7.5-acre) site jointly owned by Haifa Economic Corporation and Property and Building Ltd. (TASE: PTBL). Haifa Economic Corporation intends to buy out Property and Building.

Matam was founded in 1976. IDB Holding Corp. Ltd. (TASE:IDBH) unit Bayside Land Corp. Ltd.(Gav Yam) (TASE: BYSD1), held through Property and Building owns 50.1% of the high-tech park, and Haifa Economic Corporation owns 49.9%.

Haifa is considered a focal point of Israel’s biomedical industry, especially the medical device sector. IBM Corp. (NYSE: IBM) has a unit there that handles, among other things, healthcare. Technion Entrepreneurial Incubator Co. Ltd. (TEIC), which also supports biomedical start-ups, operates out of Matam.

Haifa Economic Corporation CEO Avi Feferkorn is in charge of the biotechnology park project.

“Globes”: Is it possible to find tenants at reasonable prices for the biotech park during the current slump?

Feferkorn: “We conducted a large market survey, from which we concluded that there is sufficient demand for the biotech park. Half of biomedical start-ups are located north of Hadera.

“There is a real crisis now, so it is very cost-effective to build now, and market the biotech park in a few years, after the recovery. We have all the money we need to move forward on construction, so there is no need to raise capital or obtain loans.”

Published by Globes [online], Israel business news – www.globes-online.com – on March 30, 2009

 

 

© Copyright of Globes Publisher Itonut (1983) Ltd. 2009

 

 

via Haifa to build biotech park.

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MCS investment is first for Accelmed

March 29, 2009

MCS investment is first for Accelmed

Mori Arkin’s fund will acquire 26% of the medical device company.

Gali Weinreb

Accelmed will invest NIS 8 million in MCS Medical Compression Systems (DBN) Ltd. (TASE:MDCL) in exchange for a 26% stake in the company. MCS develops non-invasive compression systems to prevent blood clots in the limbs during surgery.

Accelmed was established three months ago by Agis Pharmaceuticals founder Moshe (Mori) Arkin and Exalenz Bioscience Ltd. (TASE:EXEN) founder and former CEO Dr. Uri Geiger. It seeks to make investments of $1-3 million in medical device companies that have reached the clinical trial stage. MCS has already passed its trials and has sales worldwide, with an emphasis on the US. Three medical centers already use its device as an alternative to blood thinning medication.

MCS published its financial report for the fourth quarter and full year of 2008 today. The company posted $4.2 million in sales in 2008, up from $3.3 million in 2007. The company is now establishing a sales network and is also considering collaborations.

MCS CEO Adi Dagan said, “2009 will be the year of consolidation among opinion-setters, and we’ll much more substantial sales growth in 2010.” He added, “Following the termination of our collaboration with our previous distributor, Hill-Rom Company, and the changeover to director distribution, we doubled our gross profit and halved our losses.”

MCS’s share rose 11.7% today to NIS 1.61, giving a market cap of NIS 33.6 million. The share price is 87% above the price per share to be paid by Accelmed when negotiations for the stake in the company took place. The share has since risen NIS 0.80.

 

 

Published by Globes [online], Israel business news – www.globes-online.com – on March 26, 2009

 

 

© Copyright of Globes Publisher Itonut (1983) Ltd. 2009

 

 

via MCS investment is first for Accelmed.

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Israeli entrepreneur creates free online university

March 26, 2009

 

By Karin Kloosterman   March 23, 2009

After spending decades building successful educational programs in Israel and online, Israeli entrepreneur Shai Reshef decided it was time to give back. This January, the 55-year-old launched his revolutionary idea: a free international university, University of the People, allowing anyone, anywhere to earn a college education. 

Education should be a right, not a privilege, Shai Reshef, founder and president of the online University of the People.

"Education should be a right, not a privilege," Shai Reshef, founder and president of the online University of the People.

“Education, just like democracy, should be a right, not a privilege,” says Reshef, founder and president of the University of the People (UoP). “With a few keystrokes, UoP takes the concept of social networking and applies it to academia, providing a global chalkboard for all students.” 

With two degrees on its curriculum already – business administration and computer science – it’s a little early to see where the future is headed, Reshef tells ISRAEL21c. Already featured in major newspapers such as New York Times,he doesn’t believe that it will take much effort spreading the good word, given the power of social networking on the Internet. And dozens of professionals from academia, administration and the field of computer programming, have come on to support the cause. 

Operating as a non-profit organization, Reshef will not, now or in the future, collect a salary, he says: “I’ve done enough – now it’s my turn to give back,” he says. Primarily volunteer run, and taught, he will expect those enrolled to pay basic costs – $15 to enrol, and about $15 per exam. 

Meanwhile, about 300 students from University of the People are about to start class this fall, in a trial run to see how it works, Reshef says. Every semester thereafter he expects the enrollment to multiply by 30 percent. 

Blackboards without borders 

The project is a democratic one as well. Even though the Internet does make the world in some ways, a global village, there is still a major disparity between the West, and the less developed countries. While the University of the People may not be as hard to get into as Ivy League colleges, Reshef does expect graduating standards to be the same. It will finally allow those without means, an equal opportunity to study, wherever they are. 

Reshef is currently based in Tel Aviv, Israel, but the school is applying for US accreditation, and will operate out of Pasadena, California. 

All that’s required for admission to UoP is proficiency in English, a graduation certificate from a secondary school and an Internet connection, though come exam time, students will be required to show up at a physical location. 

Universities around the world have been adding more and more distance programs to their curriculum. And through the Open Courseware Consortium, started in 2001 by the Massachusetts Institute of Technology, universities can post teaching material from courses on quantum theory all the way through to training in agriculture. Free for the taking, some universities are also presenting teaching material on popular media sites such as iTunes. 

Using active and retired professors, in some cases the teachers will collect a small stipend for their work at UoP; in others, they will teach as volunteers. 

Investing $1 million of his own money, Reshef hopes to have 10,000 students enrolled at UoP within the next five years. The modest amount of money they are expected to contribute will go towards startup costs, and to keep the university sustainable, says Reshef. 

Harnessing a growing trend 

Reshef started building his fortune in the education business back in 1989, as the chairman of Kidum Group. The Israeli test-preparation company was then sold to Kaplan, one of the world’s largest education companies in 2005. He also built an online university affiliated with the University of Liverpool, which was later sold to Laureate, a large, for-profit company. 

In the US alone, online learning is a growing trend with about four million students enrolled in a program somewhere. It’s not the first time academics gave thought of such an idea, but it’s the first time someone’s put the idea into action. 

Why now? “When I started the online university in the Netherlands,” says Reshef, “I realized how strong the Internet is and how far it can go. It lets people all over the world study for an academic degree. For many of them it was impossible before. 

“The University of the People represents a huge leap in the democratization of education by reaching those who until now viewed college as a pipedream,” Reshef says. “Education is a proven mechanism for upward mobility. Our goal is to positively impact the life chances of as many people as possible.” 

From America, Africa, Asia, Europe or the Middle East, UoP may never have a football team, cheerleaders, or crazy Frosh parties. Despite that, it’s open to jocks, geeks, Muslims, Jews, Christians, non-believers and anyone who has only been able to dream about studying at university and earning a degree. 

Concludes Reshef: “Every single person on earth is more than welcome.”

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Israeli trees can text message farmers when thirsty

March 26, 2009

 

By Karin Kloosterman   March 25, 2009

 

It sounds like a fantasy of Audrey II, the colorful man-eating plant from the Little Shop of Horrors movie: Israeli scientists have developed a new device that taps into the stem of a tree and when water levels are low, the tree can text a message, email the farmer, or turn on the irrigation tap to water itself.

Measuring electric conductivity inside the tree, a parameter of water stress, the Israeli researchers Eran Raveh and Arieh Nadler from the Volcani Institute of Agriculture, say that Californian citrus and mango farmers, banana plantations and vintners have already expressed interest in the technology, which can be programmed by the farmers themselves.

Need a drink? Volcani researcher Eran Raveh attaches the water stress monitor to a lemon tree.

Now developing it into a product, Raveh tells ISRAEL21c that it will take about three to four years until the novel device is on the shelves: “We have a water crisis here in Israel and need a way to irrigate more accurately,” says Raveh.

The device, still without a name, will save farmers up to 30 to 40 percent in water use, he calculates. “The idea is that we were trying to find a way to give water more accurately to the trees. Usually [devices today] measure soil water content.”

Measuring tree water content this way, says the plant and soil specialist, is “complicated and takes a lot of time until you get a ‘true’ measurement, because there are many varying parameters involved.”

Cheap, simple, accurate

To get a true estimate of the moisture level in a plant or tree, a farmer must make a grueling check of 26 points in the ground around the plant.

“We’ve found a different way for measuring a tree?s water status: by sticking probes – three simple nails — into the main stem of the tree, we measure electric conductivity of the stem, and analyze the data to tell people if the tree is under good water conditions. It’s important to be able to do this in a simple and cheap way,” says Raveh, who came about the idea by accident: ?Our solution is cheap, it can be automated and is very accurate.

“We were doing some other work, and realized that the data that came out of it reflects tree water status,” he says.

This data is the intellectual property that the future company will revolve around. Whether the information collected will be transmitted by SMS, email message, fax, or sent to switch on an automated tap, is a matter of simple programming.

For tomatoes and potatoes too

For now, the team will continue refining the first product, shaped like a small hammer — for trees — and will continue fine-tuning it to apply it in farm produce as well. Raveh envisions the cost will be very affordable for most farmers, about $250 per orchard: only one probe will be needed to reflect the water content in about every 500 trees.

“It can work on every stem and doesn’t matter what kind of plant material,” he says. “Olives, palm, banana — at the moment we are working with big trees, but it’s a matter of calibrating [the device] to move it to younger and smaller plants.”

Orchard farmers everywhere, and the planet, will be saying thank you. “In big orchards, water use is a problem,” says Raveh, who estimates that an orchard with thousands of trees could cut its water use by almost half. It could also spare trees and plants from being over-watered.

He doesn’t expect the device will be that useful for the homeowner with a few trees on a lot, because in this case it’s not difficult to see if a tree is water stressed. A “smart” tree that can send text messages, however, could be used a novelty item to entertain and teach the kids about water, plants and the environment.

 

 

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Netanyahu: We can outperform global economy

March 25, 2009

 

“The Palestinians have a partner for peace, prosperity, and rapid economic development.”

David Gillis                    25 Mar 09 

 Prime Minister designate Benjamin Netanyahu presented a confident view of the Israeli economy this morning, and spoke too about his economic plan for peace with the Palestinians. Speaking at the STEP Jerusalem Wealth Management Conference on regional investment, Netanyahu, who as finance minister was generally credited with turning around the Israeli economy in its last crisis, predicted that similar success could be achieved in dealing with the present crisis. “I think we can outperform the global economy, ” he said.

Netanyahu welcomed the fact that the Labor party had voted to join his coalition, saying “we need a strong and stable national unity government.”

Turning to the question of relations with the Palestinian Authority, Netanyahu said that security, prosperity, and peace were all intertwined, and declared, “The Palestinians should understand that they have in our government a partner for peace, prosperity, and rapid economic development.”

The Prime Minister designate said that a strong Israeli-Palestinian economic relationship was a strong basis for peace, but added that the economic track was not a substitute for political negotiation. “I will negotiate with the Palestinian Authority for peace,” he emphasized.

He added that after speaking with quartet special envoy Tony Blair, he felt that Israel could remove some bureaucratic obstacles to the Palestinians without compromising security. He commended the work by Lt. Gen. Keith W. Dayton of the US in training Palestinian Authority security forces, adding that those forces should “progress from policing to terror fighting”.

Netanyahu concluded with some investment advice: “I urge you to invest in the Palestinian economy, and in the Palestinian-Israeli economic relationship.”

The STEP (Society of Trust and Estate Practitioners) conference, on investment in Israel and in the Palestinian Authority, was organized in conjunction with Fortress Capital Management and Anglo Capital Ltd., and was held in Jerusalem’s David Citadel hotel.

Dylan Shub of Fortress Capital was the moving spirit behind the conference, slated to deal with issues faced by individual and institutional investors and wealth management professionals who want to invest in the Palestinian and Israeli economies.

Published by Globes [online], Israel business news – www.globes-online.com – on March 25, 2009

© Copyright of Globes Publisher Itonut (1983) Ltd. 2009

 

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Motorola head Yanay sees rapid global recovery

March 25, 2009

 

“There is no global war or starvation, only a failure of the global capital markets.”

Globes correspondent           25 Mar 

 

“I’m optimistic about a global economic recovery. The insight is straightforward. Let’s look at the facts. Global GDP is $64 trillion, while Israel’s GDP is $800 million, just 0.2% of global GDP,” Motorola Israel general manager

Elisha Yanay

Elisha Yanay

 told “IDF Radio” (Galei Zahal) today.

 

Yanay added, “There is no global war or starvation. There was only a failure of the global capital market, estimated at $2 trillion to $20 trillion, while the global economy continues to produce about $60 trillion a year. Everyone expects that the correction will be at least 3% in 2009, while a correction of 2% will be considered a continuation of the recession. I think that the correction will be greater.”

Yanay said, “Nothing will happen if the world takes a loan. It won’t be a disaster. Israel’s industrial exports total $40 billion, of which high-tech exports $20 billion, making them unquestionably the economy’s locomotive.”

Yanay proposed financing training instead of financing unemployment. He warned, “I fear for the 8,000 new university and college graduates. It is necessary to formulate a plan for them, they must be employed in a project and the National Insurance Institute should pay their salaries for several months so they accumulate experience.”

He estimates the cost of his proposal at $200 million, which would pull the economy out of the mire.

Published by Globes [online], Israel business news – www.globes-online.com – on March 25, 2009

© Copyright of Globes Publisher Itonut (1983) Ltd. 2009

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“The Economist”: Israel a land of opportunity

March 24, 2009

 

 

Israel is named, along with Denmark and Singapore, as a country that relies on entrepreneurship.

Globes’ correspondent

23 Mar 09 18:55

A report in the printed edition of “The Economist” finds what to praise in Israel’s high-tech industry, saying a high tolerance for risk, and skills and camaraderie developed in the IDF, provide the makings of an “entrepreneurial firecracker”.

Israel was listed among “lands of opportunity”, along with Denmark and Singapore. The report notes that governments of all three countries enthusiastically endorse entrepreneurship, though, “the Danes and the Singaporeans regard it as their ticket to success in a global economy and the Israelis as a matter of survival”.

“The Economist” says Israel has 4,000 high-tech companies, and about 100 venture capital funds, though that figure seems somewhat imprecise. The magazine lists innovations developed in Israel, including the Pentium chip by Intel, voicemail developed by Comverse Technology Inc. (Pink Sheets: CMVT.PK), firewalls developed by Check Point Software Technologies Ltd. (Nasdaq: CHKP), and the Pillcam developed byGiven Imaging Ltd. (Nasdaq: GIVN; TASE: GIVN).

“The Economist” says, “Even more than other countries, Israel has America to thank for its entrepreneurial take-off.” The magazine notes that Intel and Microsoft, among others, opened development centers here, and that many Israelis study in the US, and return to Israel to develop their careers and ideas. “Many Israeli entrepreneurs yo-yo between Silicon Valley and Tel Aviv; almost 70 Israeli companies are traded on NASDAQ,” it writes.

The article also says that bonds developed during army service often lead to joint start-ups, and that the relationships and trust built while serving in the IDF, in addition to the tolerance for risk developed by living in a country which is often at danger of being attacked, combine to foster the entrepreneurial spirit.

Published by Globes [online], Israel business news - www.globes-online.com - on March 23, 2009

© Copyright of Globes Publisher Itonut (1983) Ltd. 2009

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India buys Israeli spy satellite

March 22, 2009

Following Mumbai attacks, Indian news report says country has bought day-night satellite from Israel

AFP

India has bought a spy satellite from Israel with day-and-night viewing capability to boost surveillance capabilities in the aftermath of the Mumbai militant attacks, a report said Friday.

The satellite, which can see through clouds and carry out day-and-night all-weather imaging, has been one of the long-standing demands of the Indian military, the NDTV news channel said.

The 300 kilogram RISAT 2 will be launched by India’s Polar Satellite Launch Vehicle rocket in the next few weeks, the report said.

Indian scientists were in the process of integrating the satellite and the rocket at the Sriharikota space port in southern India, it said.

The acquisition was fast-tracked after the November 26-29 Mumbai siege in which 10 gunmen went on a shooting spree.

India says the attackers came by boat from the Pakistani port city of Karachi to Mumbai, based on its investigations and the confession of the lone gunman captured alive after the 60-hour siege, in which 165 people were killed.

India’s existing satellites get blinded at night and in the monsoon season.

NDTV said the new acquisition would also provide New Delhi with the capability to track incoming hostile ballistic missiles.

India treated Israel like a pariah for decades, but has forged close military links with Tel Aviv in recent years with the Jewish state replacing France in 2007 as its second-largest arms supplier after Russia.