JTA NEWS
16 July 2019 - 13 Tammuz 5779 - י"ג תמוז ה' אלפים תשע"ט
JTA NEWS :
Business
Aeronautics wins a contract with Thai Ministry of Defense E-mail

Israel-based Aeronautics Ltd. reported on 30 July that it will supply Dominator unmanned aerial vehicles (UAVs) to the Thai Ministry of Defense. The value of the deal, which includes UAVs, land equipment and accompanying services, is US$27 million over three years. Payment will be according to the milestones set in the agreement.

The Dominator, developed by Aeronautics on the basis of a manned aircraft converted by the company into a UAV, can carry up to 1,900 kilograms in special payloads (such as a camera, radar or bomb) simultaneously, and can stay airborne for 20 hours.

Aeronautics said the Thai Ministry of Defense was one of its veteran customers and that the Thai army had been using the company’s UAVs for the past decade.

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Israel issues statistics on overseas work visas E-mail

At the end of 2017, Israel had about 100,000 foreign workers with valid work visas, according to a statement from the Israeli Central Bureau of Statistics on 30 July.

The holders of work visas who entered Israel in 2017 were from about 100 different countries, with 61% of them from Asian countries and 35% from Europe.

Most of the workers from Turkey, China and Thailand were employed in construction and agriculture. By contrast, most of those from Nepal and the Philippines were employed in nursing.

In addition, about 67,000 workers came as tourists and stayed to work illegally in Israel.

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Israel incubator partners with South Korean venture capital firms E-mail

OurCrowd Labs/02, a leading Israel-based seed-stage incubator focused on deep-tech innovation, has signed collaboration agreements with two of South Korea’s leading venture capital firms, DTNI and Yozma Group Korea.

The agreements, facilitated by the Korea-Israel Industrial R&D Foundation (KORILRDF), are aimed at strengthening bilateral strategic collaboration and investments, and promoting partnerships between companies in the two countries. The areas of collaboration specifically identified focus on rapidly growing deep-tech startups.

Moshe Raines, CEO of OurCrowd Labs/02, said: “The collaboration between OurCrowd Labs/02, DTNI and Yozma Korea, seeks to establish ‘landing pads’ in Israel and South Korea, with the intention of providing startups from both countries the network to establish themselves, connect with the local startups and innovation ecosystems, and forge meaningful collaborations.”

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Chinese bike-sharing company Ofo closes Israel operations E-mail

Chinese bicycle-sharing company Ofo has decided to leave the Israeli market after conducting a few pilot schemes in universities in Israel over the past year.

Initially, after a successful pilot scheme at Bar-Ilan University in Tel Aviv, Ofo opened a representative office in Israel, and appointed Imri Galai as general manager of the Israeli branch earlier this year. Ofo’s launch at Bar Ilan University received great support from the student union, teachers and students, and Ofo placed 100 bikes at 19 parking sites around the campus. There was also enormous interest in Herzliya after the launch of the mobile app.

The app enables a user to pick up and leave a bicycle at any point by scanning a QR code for unlocking and locking it. The user then returns the bicycle by locking it and reporting via the app that the bicycle is no longer in use. The app can also be used to monitor the use of the bicycles, the routes travelled, and more.

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Israel-India companies to receive technology fund E-mail

Four companies each from India and Israel will receive the first round of the India Israel Innovation India-Israel Industrial R&D and Technological Innovation Fund (I4F).

The companies will co-create affordable technologies in the areas of agriculture, healthcare, energy, water and Information and Communication Technology (ICT).

This is part of the US$40million fund under I4F, with equal contributions from India and Israel, for a period of five years to promote, facilitate and support joint R&D between the two countries.

The fund was established after the visit to Israel by Indian Prime Minister Narenda Modi to Israel in July 2017.

In the healthcare space, Appasamy Ocular Devices Pvt. Ltd. from India and Sanoculis from Israel will collaborate to create an affordable technology solution for the treatment of glaucoma.

While the Israeli company already has the technology, it will collaborate with the Indian company to create an affordable solution.

Sivagnanam Subbiah, General Manager of Appasamy Ocular Devices, said the company would be granted funding of Rs 1.4 crore [about US$200,400] for a period of two years till 2020. Other awardees include Frog Cellsat (India), Uniqam (Israel), Vyoda (India), Agrosolar and Energy Efficient Services (India) and Bacsoft (Israel).

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