Zum Thema: Economy & Innovation

Israel Enters Third Lockdown Yet Leads in Vaccination

As of Sunday, December 27, Israel entered into its third lockdown. Recent days have shown that numbers are topping over 5,000 people testing positive, a 5.6% rate of those tested. As numbers continue to rise, Israelis of all ages are lining up to receive the vaccination. Since starting the campaign on December 20, over 750,000… […]

Tech Hackathon Winners Create Easier Way to Learn Hebrew

One hundred engineering and business students from Jerusalem College of Technology gathered for a 48-hour virtual hackathon, running for its fifth consecutive year. Hosted by the LevTech Entrepreneurship Center, the event ran online for the first time, and while there was a concern, it did not deplete from the spirit and energy of the Great… […]

Vertical Urban Farming on the Market

A new trend is growing, and it serves the intersection of sustainability, sales, and supermarket consumers. After a successful trial period with Israel’s largest supermarket Rami Levy, Israeli startup Vertical Field has entered a long-term partnership and will expand its “living walls” to more supermarkets in the chain. Vertical Field, founded in Ra’anana in 2006,… […]

ReMilk Reimagines Dairy Products – Raises $11.3 million

Imagine having a glass of dairy milk without needing a cow. Remilk is reimagining dairy products and how they are produced. The Israeli company recently raised $11.3 million dollars in their first investment round and speaks to the rising market for plant and animal alternatives. The team has uncovered a way to use only 5%… […]

Over 300 Ethiopian Jews Land in Israel

After some 15 to 20 year wait, a group of over 300 Ethiopian Jews arrived at Ben Gurion Airport in Israel on Sunday. About 200 more are expected to arrive by end of January, with thousands more still waiting for permission to emigrate to Israel. The new immigrants landed with Pnina Tamano-Shata, Israel’s Immigration Officer… […]

Corona Crisis: Financial Security Troubles While Malls Overcrowd

Adopting Black Friday shopping tradition from American culture, thousands of Israelis stood in line as a sample size of 15 malls re-opened for the first time since mid-September. With only 10 customers allowed per store, lines were massive. Opening malls is part of a pilot plan to determine whether it is safe given COVID-19. Due… […]

Israeli Economic Damage May be Minimal

A recent report by the International Monetary Fund (IMF) finds that the Israeli economy is expected to recover rapidly, despite the corona crisis. Entering COVID-19 circumstances from a place of strength support the idea that stability will return come 2021, despite the high levels of uncertainty emanating daily. Due to the quick action of the… […]

Second Israeli Astronaut Will Head to Space

Eytan Stibbe, a former flight pilot, is planning his journey to space as the second Israeli astronaut. The 62-year-old Israeli is set to launch on a mission with the International Space Station at the end of 2021. The launch will take off from Florida, and upcoming training will also take him to Russia and Germany.… […]

With Great Unemployment Comes Great Opportunity

When Shaul Goldstein, head of Israel National Parks Authority, understood the unemployment situation due to corona, he saw an opportunity to launch a project he’d been wanting to for a long time. He turned to the Finance Ministry and requested 500,000 people be hired to clean Israel’s parks and nature sites. He only received funding… […]

Tel Aviv University Building Satellite for Space

In the era of “new space”, civilians, professors, and students can send satellites into the galaxy. For the past two years, a sector of the Tel Aviv University has been building such a satellite, dubbed TAU-SAT1. About the size of a shoebox, the device is built to collect data and measure cosmic radiation from the… […]

This Israeli Robot Picks Fruit  

At least 10% of fruit rots on trees because there aren’t enough people to pick it. For farmers who work year-round on their fields, harvest season often requires not only the need to pick fruit quickly for minimal waste, but also to hire workers, provide housing and insurance, healthcare, and transportation, making for an extra… […]

Jerusalem Will Build to 50 Floors

In a controversial move, Jerusalem, a city steeped in history, tradition and ancient culture, is turning a new leaf. Despite being loved for its low Old City skyline, the municipality has recently approved a series of new high rises. Once upon a time the city was allowed only to build up to 8 stories, slowly… […]

Corona Struggles and Students Are Too

With a 3.7% infection rate, Israel is slowly beginning to open up. As of Sunday, October 18, the strict lockdown lifted, though businesses and schools stayed closed – for most. Rejecting the restrictions, and reopening schools is the Haredi community, which subsequently also has the highest rate of infection, five times more likely to get… […]

Drone Delivery Service is Medical Game Changer

Working in the Israeli Airspace Industries, Eyal Regev’s imagination began to fly. In 2006, when the first drone entered the sphere, Regev wondered, what if this new toy could be as powerful as an aircraft? It took him a few years, yet Regev co-founded Gadfin, an Israeli startup that has developed a way to connect… […]

Israeli Inventor Wins Women4Climate Challenge

Anai Green is one of four winners in the annual Women4Climate Tech Challenge. The organization Women4Tech is led by female mayors, scientists, investors, entrepreneurs, and activists on a mission to create an inclusive and diverse space for the innovation, environment, and technology sectors. The tech challenge is to promote projects led by women, which must… […]

Israeli Unemployment Rate Soars; Amazon Hires

The day before the second lockdown began, over 41,000 new people entered the unemployment system, a sign of deep danger for the Israeli economy. The unemployment rate is the highest it has ever been at 24%, and young people, elderly, and families are those most affected by the lack of income. Children are also suffering,… […]

100 Startups Hackathon in Tel Aviv

With a 25% decrease in private investments, the Israeli “Startup Nation” is in need of solutions in a post-COVID world. In a poll from Israel Innovation Authority, about 29% of startups have had to fire employees, which has caused many talented people to lose their jobs. In order to help solve the problem, a few… […]

Tel Aviv Gets a Ferry?

As light rail construction ensues until its alleged end date in 2022, all roads leading to Tel Aviv continue to grow in traffic congestion – though a new and quite creative solution was proposed – a ferry system. The idea was sourced by Miri Regev, the newly appointed Transportation Minister, who asked for solutions in… […]

Artificial Intelligence Saves the Beehives

Each year, about 40% of beehives collapse, causing millions of bees to die. Compared to a 3% mortality rate at its lowest, today, decades later, the bee mortality rate stands at 35%. Most of the hive collapse happens on commercial bee farms, where there is less manpower and expertise in how to mindfully manage a… […]

Israel’s Current Corona Economy

 An all-in-one protest hit the Tel Aviv streets last Saturday night gathering 10,000 Israeli residents at Rabin Square, who were rallying for better support during the financially challenging times amidst the ongoing coronavirus crisis. Members from the restaurant world, entertainment industry, social workers, students, and artists were present, who have all been hit hard. There… […]