JTA NEWS
23 February 2017 - 28 Shevat 5777 - כ"ח שבט ה' אלפים תשע"ז
JTA NEWS :
Business
South Korea and Israel to jointly develop an amphibious drone E-mail

South Korea and Israel have agreed to jointly develop an amphibious drone as part of their co-operation in financing research and development projects, the trade ministry in South Korea announced on 20 June.

The Ministry of Trade, Industry and Energy and the Israeli Ministry of Economy held a meeting on industrial development in Israel to discuss ways to operate a US$45 million fund that the two countries created in 2001 to support information technology and energy.

Over the past 15 years, the fund has financed 99 research projects involving co-operation between South Korean and Israeli firms, with 23 projects out of 63 completed and operations commercialised.

Under the latest agreement, South Korean firm Keva Drone Co. and Israel’s Aerodrome will carry out joint research to develop an amphibious drone and help each other tap into the global commercial drone market.

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Victorias city in the Philippines to work with Israeli partners E-mail

With support from its Israelbased partners, the northern Negros city of Victorias in the Philippines is poised to become a “cybercity”.

Mayor Francis Frederick Palanca said that representatives of Playtech Industries from Israel will visit soon to meet with city government officials.

Playtech, an online gaming and sports-betting software supplier founded by entrepreneurs from the casino, software engineering and multimedia industries, is one of the world’s top players in the gaming solutions sector.

Palanca, Vice Mayor Jerry Jover, and other city officials, along with Negros Occidental Third District Representative Alfredo Benitez, recently took their oath in rites held at the Victorias City Coliseum in the presence of Israeli Ambassador to the Philippines Effie Ben Matityau. The Israeli envoy has expressed willingness to help promote sustainable development in Victorias.

In his message, Matityau said they have found interesting challenges and opportunities in Victorias, which the Israeli government will try to address and develop.

Palanca said that with their ties with the Israeli government, more developments are being eyed for the city, particularly in the information and communication technology sector.

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Israeli mobile apps win top prizes at the Asia Smartphone Apps Competition E-mail

Israeli startups swept the board at the Asia Smartphone Apps Competition in Hong Kong in June, winning three of the four top prizes.

Israel’s Tekoia, which has developed a universal remote, won the grand prize for the event, and came first in the advertising and marketing category. Castle Builders came first in the Games and Edutainment category, and Bazz came in second in the creative lifestyle category. The first-place winner in the creative lifestyle category was a Hong Kong company, Ticker International.

“We have conquered the competition, to put it bluntly,” Sagi Karni, Consul General Hong Kong and Macau, told ISRAEL21c. “This is our third year of participating in the Asia app competition, and this year has been the best one for us.”

“The growing success of the Israeli companies at this event shows the increasing strength of the app industry in Israel, and the growing interest of the Asian industry in Israeli apps,” added Elad Goz, the head of the Economic and Trade Mission at the Consulate General of Israel in Hong Kong.

“Out of nine qualifying apps, three are from Israel. It’s a clear sign of the interest from this part of the world. We look forward to next year’s event,” he said.

The Asia Smartphone Apps Contest was held at Cyberport in Hong Kong on 15-16 June. It has been operating every year since 2012 and is organised by the Hong Kong Wireless Technology Industry Association (WTIA).

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Aesthetic device maker eyes growth in China E-mail

Syneron Candela, a NASDAQ-listed aesthetic device supplier, is eyeing potential growth in China, which has a rising middle class and an aging population.

Robert Ruck, executive vice president for Asia Pacific, said China has the highest growth potential in the region, based on its population and steadily rising economy. “The number of people between 35 and 65 in China is increasing,” Ruck said, adding that the middle class is also expanding.

Ruck said Syneron’s partnerships with various mainland distributors allow it to reach more potential customers while also making it is easier to import and store equipment.

The Israel-based company works with Bloomage BioTechnology Corp Ltd and Chindex Medical Ltd to distribute its products in China. It is also seeking regulatory approval for new products.

The company’s aesthetic medical devices are based on its own ELOS (electro-optical synergy) technology, co-developed with Dr. Shimon Eckhouse, the company’s co-founder.

Eckhouse was also the inventor and developer of IPL technology (intense pulsed light technology) used in non-invasive aesthetic medical devices.

The company markets, services and supports its products in 86 countries. It has offices in North America, France, Germany, Italy, Portugal, Spain, the UK, Australia, China, Japan and Hong Kong, and has distributors worldwide.

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China-Israel Investment Summit to take place in September E-mail

Tel Aviv will host the INNONATION: China-Israel Investment Summit from 24 to 26 September. The event follows the success of the first ChinaIsrael Technology, Innovation & Investment Summit, which was held in January 2016 in Beijing.

The bi-national joint conference, which is supported by the governments of China and Israel, will take place at the David Intercontinental Hotel in Tel Aviv, in parallel with the DLD Innovation Festival, which will be held in Tel Aviv around the same dates.

The INNONATION Summit will host more than 1,000 strategic players and investors from China, together with 500 Israeli high-tech companies. The summit is open for entrepreneurs and companies in various fields, primarily smart cities; medical devices; agricultural technology and cleantech; internet and mobile; advanced manufacturing, and several additional fields that attract significant interest from Chinese investors.

The summit is a joint initiative of Israel’s Ministry of Economy and Industry, and Infinity Group, organised in response to the growing interest of Chinese companies in the Israeli economy, and the recent Chinese acquisitions of Israeli companies.

Similar to the first event, the objective of the summit is to encourage collaboration between Israeli and Chinese companies in the fields of technology, innovation and investment. As part of the collaboration between the two countries, ministers from China and Israel are due to participate, alongside representatives of two Chinese government agencies: the National Development and Reform Commission (NDRC) and the Ministry of Science and Technology (MOST).

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