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20 July 2018 - 8 Av 5778 - ח' אב ה' אלפים תשע"ח
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Intel signs MoU with Consulate of Israel in India to boost innovation E-mail

Intel India has announced a partnership with the Consulate of Israel in India to boost innovation by connecting the startup and technology communities in both states.

The Memorandum of Understanding (MoU) was signed on 25 May between Nivruti Rai, Country Head – Intel India, and Dana Kursh, Consul General of Israel to South India.

With this collaboration, Intel India will offer the capabilities of Intel India Maker Lab (its in-house hardware/systems-based startups accelerator in India) to Israeli startups to support the development of products and solutions. In addition, it will provide mentorship, advising the Israeli startups about the requirements of the Indian market and connecting them to opportunities to test and deploy solutions in the Indian market.

In turn, people in the Israeli technology ecosystem, who have strong business acumen, specifically with regard to new usage models and future technologies, will make their knowledge and technical capabilities available to people in the Indian startup ecosystem. This will be accomplished through training and workshops.

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Innoviz Technologies gains China partner to develop its automaker solutions E-mail

Israel-based Innoviz Technologies, a leading provider of remote-sensing solutions for the automarket, announced a partnership to bring its LiDAR (Light Detection and Ranging) and computer vision technology to Chinese automakers through HiRain’s sales channels in the country.

This will enable Chinese OEM’s to access the automotive industry’s most comprehensive mass-market LiDAR solution, as an integrated component of their overall autonomous driving systems. In addition, Innoviz’s advanced solution provides a complete computer vision software stack and algorithms to turn 3D vision into critical driving insights.

Innoviz’s LiDAR system enables autonomous vehicles to sense their surroundings with unparalleled clarity and accuracy, even at long distances, in varying weather and light conditions and in multi-LiDAR environments.

“China is helping lead the way towards the autonomous vehicle future, and HiRain is one of the most influential companies in the Chinese automotive industry. Last year, around 26 million vehicles were manufactured in China, making it by far the largest automotive manufacturing country in the world,” said Omer Keilaf, CEO of Innoviz. “The HiRain team has extensive experience with driver assistance and autonomous driving systems in China and we are honoured to partner with them. Together, we will help Chinese auto manufacturers achieve the standards they demand for safe and reliable LiDAR sensors, at the price point they desire.”

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Second GoforIsrael conference held in China E-mail

More than 100 Israeli startup founders and entrepreneurs met with hundreds of Chinese investors at the GoForIsrael Conference in the Chinese city of Foshan on 31 May.

“More than 800 one-onone meetings were held between Chinese investors and Israeli companies, which continued well after the conference ended,” said Haggai Ravid, CEO of Cukierman & Co. Investment House, one of the sponsors of the event. “All the Israeli companies have received a great deal of interest.”

The Israeli companies pitching themselves specialise in fields such as artificial intelligence, the “Internet of Things,” life sciences, cybersecurity and autonomous driving technologies.

“I was surprised by the amount of investors and their interest in Israeli technology... [for] our penetration into the Chinese market,” said Meron Leibovich, who runs global sales for Real Imaging, an Israeli startup developing tools for the early detection of breast cancer.

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Jack Ma gets the red-carpet treatment in Israel E-mail

Alibaba CEO Jack Ma made an official trip to Israel in early May, along with well over 30 senior managers from his Alibaba Group and many Chinese CEOs. Alibaba is China’s top e-commerce firm, and Jack Ma is one of the richest men in the world.

As part of the three-day visit, the group met with many Israeli startups and made landmark visits to sites such as the Western Wall. Jack Ma also met Israel’s Prime Minister Benjamin Netanyahu. Ma said he was impressed with the business opportunities in Israel. “We will do more things here,” he said, calling the country “inspirational”.

Ma, often described as China’s most successful CEO, referred to similarities between the journey his company has made over the past 19 years and the journey the State of Israel has made.

Netanyahu greeted Ma by saying, “It’s wonderful to welcome you to Israel... you are a very successful leader in a very competitive business, and in a very competitive world. The world belongs to those who innovate, and Israel is the nation of innovation.” This was the third time that Netanyahu and Ma had met. They met previously during the prime minister’s visit to Davos in January 2016 and during Netanyahu’s visit to China in March 2017. During these meetings, Netanyahu invited Ma to visit Israel.

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Hyundai’s “Ioniq” top-selling car E-mail

The eco-friendly “Ioniq” hybrid car by South Korea’s top automaker, Hyundai Motor Company, emerged as the best-selling car in Israel in the first quarter of this year, achieving that milestone for the first time since the start of its exports two years ago, industry sources said in May.

Hyundai Motor sold 4,149 Ioniq hybrids in Israel in the January-March period, up a whopping 121% from the same period a year earlier. It also marked the first time for the Ioniq hybrid to clinch the best-selling title in any foreign market since its overseas shipments started in 2016.

The car comes in hybrid, plug-in hybrid and electricvehicle versions, and market-watchers said it is very unusual for a green car to become a top seller in markets outside Northern Europe, often dubbed the paradise for electric vehicles. The vehicle’s performance in Israel came on the back of the country’s policy to promote the EV market. Israel imposes an 83% purchase tax on conventional cars, while the tax rate for hybrid cars is a mere 20%.

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