יום שלישי, 8 בדצמבר 2015



How new fuel tech could drastically reduce CO2 and generate profitable new waste stream

In the shadow of the 2015 United Nations climate summit in Paris, NewCO2Fuels has produced new fuel technology that is not only helping the environment but also the bottom line.




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The newCO2Fuels Reactor | Image: NewCO2Fuels


The stakes are high this week as world leaders convene in Paris for the United Nations Conference of Parties (COP21), intended to create a broad multilateral agreement limiting greenhouse gas emissions.

David Banitt, founder and CEO of NewCO2Fuels, is a technologist, not an environmentalist. While solutions to climate change face a number of challenges for science, government and technology, he sees regulation as an opportunity for entrepreneurs to create innovative technologies and companies that are profitable by reducing carbon emissions.

Before co-founding NewCO2Fuels in 2011, the scientist and entrepreneur spent his career working in electro-optics and inspection systems for printed circuit boards and semiconductors. "I started my first company in 1997 and since then initiated and managed five companies," said Banitt. "When environment protection became a global concern, I turned to the cleantech arena and decided to harness my skills to much more valuable, inspiring and meaningful objectives," like developing NewCO2Fuels' carbon-reducing, fuel-replacement reactor.

NewCO2Fuels is an Israeli company backed by renewable-energy firm GreenEarth Energy. The reactor is based on nearly a decade of research conducted at Professor Jacob Karni's laboratory at the Weizmann Institute of Science. The product converts carbon dioxide into a commodity called synthetic gas, or syngas, an amalgamation of hydrogen, carbon monoxide, and carbon dioxide that is used as a combustible fuel, a fertilizer, and a lubricant substitute. "In simple words," said Banitt, "the system extracts one oxygen ion from each molecule. This is a precise reversing the burning process of fuel."

The reactor performs simultaneous, single-step electrolysis of carbon dioxide and water at high temperature and to generate syngas. "The basic element of the product is a reactor, where the carbon dioxide and water are fed with heat, then the syngas and Oxygen are discharged from the reactor. The energy required to drive the process is extracted from waste heat," explained Banitt, "excess heat becomes renewable electricity."

The product operates at a very high temperature, he said, making it extremely efficient, and "profitably sold at market prices."

The NewCO2Fuels syngas product is used by energy-intensive industries, Banitt explained—steel producers, gasification companies, and cement and material refineries—rather than conventional automotive combustion engines. "[The process] enables [companies] to turn waste streams, like CO2 gas and heat, into into valuable product and increase their profits." The opportunity to capitalize on tackling big problems, he said, is an incentive to build technology that has a positive global outcome.


Because syngas converts to energy nearly 30% more efficiently than traditional carbon-based fuel, industrial use of the product could be critical for helping countries meet ambitious emission-reduction goals. In the US alone in 2013 the industrial and electrical sectors accounted for over 50% of total greenhouse emissions. This is in contrast to the 27% of emissions produced by the automotive and transportation industry.

Banitt was attracted to the entrepreneurial and technological challenges and threats posed by global warming, dwindling oil reserves, and pollution. "These are all [problems] of global, immense magnitude," said Banitt. "World population will grow and [people] will demand more energy. Generating new methods to reduce CO2 emission and providing a clean energy source based on renewables is a task that can have a global impact."

NewCO2Fuels must master several disciplines—mechanics, heat and mass transfer, metallurgy, materials, physics, chemistry control and electronics—before the carbon dioxide-converting reactor can to market.

"The complexity of the product was by far more challenging than I anticipated," said Banitt. "In almost any of them we challenge the forefront of technology—searching manufacturers around the world and finding just a few, challenging them with difficult tasks, and ... the need to be integrated into one operating system that meets high standards of safety, reliability and performance is critical."

The next step is to deploy several pilot programs with commercial partners. The end game, said Banitt, is to provide an innovative and useful technology package that encourages other companies to fill the market that has emerged from global CO2 emission control.

יום שישי, 13 בנובמבר 2015



Israel, a water superpower, is helping 
California fight drought


After successfully dealing with its own water crisis, Israel is sharing its knowledge with othercountries. Senior American officials have arrived in Jerusalem to learn from Israeli experts how to save water.
Ilana Curiel
Published: 07.23.15, 14:39 / Israel Business


What technology has the potential of generating Israel NIS 6 billion (about $1.5 billion) from exports? After struggling with a water shortage for years, Israel is now considered a water superpower – mostly thanks to its Water Authority – and representatives of many states and governments around the world have been arriving to learn from the desert country which succeeded in overcoming its dry starting point.

   
The Milken Innovation Center at the Jerusalem Institute for Israel Studies (JIIS) hosted a conference this week which was attended by senior Israeli and Californian officials seeking to solve the crisis, following a memorandum of understanding signed between Israel and California.


California has been dealing with one of the worst water crises in its history. Last Thursday, following the growing cooperation, a delegation of Israeli companies in the field of water systems purification and management began holding a series of meetings in the West Coast of the United States.


Drought in California (Photo: AFP)
Drought in California (Photo: AFP)


"Israel had a problem similar to the one California is dealing with 10 years ago," says Dr. Glenn Yago, a senior fellow and founder of the Milken Institute's Financial Innovation Lab. "The problem is still ongoing, but Israel now produces about 20% more water than the market requires.

Helping Out
Israeli drought aid swings into action in California / Yitzhak Benhorin
Tech companies move forward with tender bidding in California's water districts, promoting stronger policital ties with the US.
Full story
"The use of water per capita in Israel is less than one-third of the amount consumed in California. This is a result of the establishment of desalination installations, the secondary use of water for agriculture, and also the citizens' conduct.


"In Israel, water recycling for agricultural use reaches 85%, and in California it's about 5%. The conference participants were very excited about what we showed them, like our success in preserving and restoring the aquifers. They didn’t know it was even possible to drip irrigation pipes in some of the agricultural industries."



The Water Lab participants (Photo: Vadim Mikhailov)
The Water Lab participants (Photo: Vadim Mikhailov)



There are about NIS 500-600 billion ($130-155 billion) moving around the global water market. Israeli exports currently amount to some NIS 2 billion ($520,000), but the Economy Ministry believes this figure can be tripled.

"Potential is endless," says Oded Distel, director of Israel NewTech at the Economy Ministry. "As the global crisis grows, particularly in California, the attraction to adopt proven Israeli solutions grows as well. We are talking about a potential of doubling and even tripling the Israeli water industry's export volumes in the coming years."

'We are 7 years ahead of California'

The Israeli delegation to the US includes the companies Atlantium, Amiad and TripleT, which have already met with food companies such as Leprino Foods, Costco, Coca-Cola and the water corporations of Los Angeles and San Francisco.

The Israeli companies were also slated to meet with officials in California's Department of Water, the Department of Agriculture and the Governor's Office. The activity was organized by the Economy Ministry – the commercial office of the Foreign Trade Administration – in cooperation with the Israel Export Institute and NewTech – the national program for promoting water and renewable energy technologies at the Economy Ministry.



Photo: Vadim Mikhailov
Photo: Vadim Mikhailov



"There, water is seen as a non-perishable resource. In California you see fields with sprinkles, and they have a drought like in Israel. In a meeting with an engineer at the San Francisco water corporation, he said we were seven years ahead of them in terms of innovation and technology. It was an amazing thing to hear. We in Israel compared to Silicon Valley."


Prof. Jay Famiglietti, a senior water scientist from the University of California, Irvine, presented a study regarding the diminution of underground water in the Middle East. "I think that Israel has been a pioneer in this field for a long time now. The work with the irrigation was simply phenomenal. It's a real game changer. In California we are working with a drip irrigation technology, but we still have a long way to go. The technology and water management in Israel is at a very high level.


"I think this is a wonderful opportunity for us to share the most critical problems and cooperate with the Israelis for possible solutions. There is still a lot of work to be done in greenhouse agriculture, irrigation of crops with salty water, and more. These are important things and we don’t do it that way in the US."


In October, Israel will host the WATEC Israel 2015 exhibition on water technologies, renewable energy and environment in Tel Aviv.


"The water crises experienced by Israel over the years, and its successful handling of those challenges, allow us to offer the most advanced work and legislation processes in the world and provide leading innovative technological solutions," Distel explained.


The conference held in Jerusalem this week was aimed at developing the work interfaces and business models which will allow new Israeli technologies to enter the American market. The first products of the work teams will be presented during the WATEC Israel exhibition."


Scott Houston, secretary of the board at the West Basin Municipal Water District in the Greater Los Angeles area, said: "I was very impressed by the technologies in the measurement, cyber and other fields, and I definitely expect the event to develop collaborations which will benefit both sides."


Michelle Moskowitz from the Office of the Chancellor at UC Berkeley said that "the way to implement Israeli technologies in California goes through the Governor's Office. Following the visit, I will try to bring to the exhibition in October senior officials from the Governor's Office who are responsible for implementing the water program. I think it can open up real possibilities."

יום שישי, 6 בנובמבר 2015



Israeli start-up uses Trojan horse technology to kill cancer cells

BioSight has figured out a way to fool cancer cells into allowing themselves to be killed off – without harming normal cells

 October 26, 2015, 
Doctors perform surgery at a hospital in Holon. (illustrative photo: Nati Shohat/Flash90)
Doctors perform surgery at a hospital in Holon. (illustrative photo: Nati Shohat/Flash90)


BioSight, a medical technology start-up, has developed a technology that enables leukemia patients to avoid the worst effects of chemotherapy.

“Our interim results in a major study of patients with leukemia shows that our system yields the maximum efficiency from chemo, with a minimum of toxicity,” said Dr. Ruth Ben Yakar, CEO of BioSight. “Our method of using chemo does not cause brain damage or weaken blood cells,” with all its attendant phenomena, such as lethargy, loss of hair, etc.

BioSight’s “Trojan horse” chemo technology doesn’t only work for leukemia patients, said Ben Yakar. “We believe it will be effective in many other kinds of cancer as well. It’s a matter of finding the amino acid that a specific cancer is ‘allergic’ to, and packaging it in a structure that the cancer cell thinks contains material that strengthens it, while in reality it contains material that destroys it.”
The technology, said Ben Yakar, could become very important in the field of cancer treatment.”This really could be the cure for cancer.”
BioSight was one of a dozen start-ups that presented their technology at the annual Go4Israel conference in Tel Aviv Monday. Considered one of the most important gatherings of international investors in Israel, the conference discussed issues relevant to investors and start-ups, including raising funds and establishing strategic alliances between corporate, entrepreneurs and investors from around the world. Companies presenting at the event included firms in high-tech, life sciences, renewable energy, and others. Among the investors was a large delegation from Europe – particularly France – and from China.
The Chinese presence in particular was noticeable, said conference chairman Edouard Cukierman, who heads the Cukierman & Co. Investment House and is Managing Partner of Catalyst Funds.
“With an increasing presence of Chinese investors at the Go4Israel conference, which are now the world leaders in investments in Israel, we can help open new global opportunities and create new relationships between entrepreneurs and international investors. Israel as a country and Israelis as business partners have a lot to offer worldwide.”
Dr. Ruth Ben Yakar (Courtesy)
Dr. Ruth Ben Yakar (Courtesy)
Investors from China, Europe, the US and elsewhere expressed particular interest in Ben Yakar’s presentation at the conference. Chemotherapy – the use of anti-cancer drugs (chemotherapeutic agents) to fight cancer – is often the only medical course of action in fighting cancer. The problem is that the very strong attack chemicals have no way of differentiating between healthy and sick cells, so they attack all targeted cells.
While it’s often the only way, nearly all doctors – like Ben Yakar, an expert in cancer therapies – will tell you that it is not the best way. “We have been able to develop a technology that targets only the cancerous cells, leaving the healthy ones alone,” she said. “This way there is a lot less trauma to the body as a result of the therapy, enabling the patient to avoid the worst excesses of chemotherapy.”
The BioSight solution targets AML (acute myeloid leukemia) and ALL (relapsed acute lymphoblastic leukemia), two of the most common type of the disease. The preferred treatment for both is cytarabine – a highly toxic drug with severe side effects including cerebellar toxicity and bone marrow suppression. However, the drug often cannot be used at all.

“While there is a perception that leukemia is a young person’s disease, it actually strikes the elderly much more often, and because of their advanced age, individuals 50 and over usually cannot tolerate chemotherapy,” said Ben Yakar. As a result, cytarabine’s toxicity significantly limits its use, resulting in a severe unmet medical need.
The solution, said Ben Yakar, is a drug developed by BioSight called Astrabine – a special form of cytarabine that contains an amino acid that is harmful to leukemia cells but not to normal cells.
Leukemia cells depend on an amino acid called aspargine, but they cannot synthesize it themselves, said Ben Yakar; as a result, they “steal” it where they can, from within the bloodstream.
“We set up a molecular structure that leukemia cells recognize as being associated with aspargine, which they need,” said Bar Yakar. “But instead we fill it with Astrabine, which kills them. Thus, using this Trojan horse trick, we are able to destroy the cancerous cells while preserving the healthy ones.”
The company – which developed the technology itself – is due to present the findings of its study next month at the annual meeting of the American Society of Hematology. “The results of the study were very satisfactory,” said Ben Yakar.
BioSight consulted with the US Food and Drug Administration on the study for treatment of newly diagnosed AML patients unfit for standard chemotherapy. The FDA and BioSight agreed regarding the study design, the company said.
While further tests are needed, Ben Yakar is very optimistic that the technology – which, she said, could be applied to other cancers as well — will receive recognition as a Breakthrough Therapy, able to treat patients who have no other medical recourse.
“We are excited with the results obtained to date with treatment of AML and ALL patients with Astarabine,” said Ben Yakar. “These patients would have otherwise had very limited treatment options. We are optimistic that Astarabine could bring real hope to many patients and an answer to unmet needs in the treatment of hematologic malignancies.”

יום חמישי, 23 באפריל 2015


Israel’s drip irrigation pioneer says his tech feeds a billion people

As his firm prepares to unveil world’s biggest project in India, Rafi Mehudar, one of this year’s Independence Day torch-lighters, says the battle against famine is far from over

 April 21, 2015, 6:47 pm






 As the world’s population grows, governments around the world are questioning how the billions of new mouths will be fed. The answer, according to Israeli inventor Rafi Mehudar, is right under their feet – in the drip irrigation technology he perfected for water tech firm Netafim.
Now found in farms around the world, Netafim’s irrigation and watering technology is already helping feed hundreds of millions, and, according to Mehudar, “it’s the only technology that has been proven to significantly increase the supply of food. We are already saving large parts of humanity from starving, and this is just the beginning.”
Over forty years after Netafim acquired the rights to the pressure regulator, his first drip irrigation invention, Mehudar is being feted for his accomplishments with one of the greatest honors bestowed by the state – the lighting of one of the twelve ceremonial torches that inaugurate Independence Day in Israel on Wednesday night. The torches are usually lit by individuals who have made a significant contribution to Israeli life, with the theme this year focusing on individuals who have made “breakthrough innovations” in science, technology, business, and culture.
Israel is a small country, but Netafim, with which Mehudar has been working since 1972, is a company that operates on a world-wide scale. “Netafim has sold over 150 billon drip irrigation devices, which cuts down water use by up to 90%, allowing farmers to spend less on water and more efficiently use their resources,” Mehudar told the Times of Israel in an interview.
Most of the drip irrigation systems sold by Netafim today are embedded in pipes – a “solid state” system that farmers find much easier to install and work with, according to the company – and “if the pipes we sold annually were laid end to end, they would circle the world 100 times,” he said. “We save the world tens of billions of gallons of water a year. When I started working with Netafim, the company had three employees; today it has over 4,000 in 150 countries, and we are helping to feed nearly a billion people,” said Mehudar.
Rafi Mehudar (Photo credit: Courtesy)
Rafi Mehudar (Photo credit: Courtesy)
Most Israelis have heard of Netafim, but many aren’t really aware of the impact the company has had on world agriculture, and many farmers who use drip irrigation don’t know much about the company that supplied it. Numerous studies name drip irrigation as a key ingredient “to have a significant impact on resources saving, cost of cultivation, yield of crops and farm profitability,” in India and elsewhere, according to Indian academics. As the world’s largest drip irrigation technology manufacturer, Netafim can take much of the credit for those results.
Besides drip irrigation systems, Netafim offers a wide variety of agricultural machinery and computerized sensor equipment that can read temperature, humidity, nutrient levels in the soil, whether a plant needs water, and other important data. The systems are controlled by software run from a server communicating with sensors in the field wirelessly, with the software providing specific instructions to each part of the system as to how much water should be dispensed, and the optimal time for that dispensing. Mehudar himself has developed over 50 products for the company, and holds over 400 world-wide patents for his technology.
A net greenhouse in Los Pinos, Mexico, the largest greenhouse tomato project in the country, developed with Israel's Netafim drip irrigation and greenhouse technology (Photo credit: Courtesy Netafim)
A net greenhouse in Los Pinos, Mexico, the largest greenhouse tomato project in the country, developed with Israel’s Netafim drip irrigation and greenhouse technology (Photo credit: Courtesy Netafim)
While its products are sold throughout the world, it’s in the developing world that the company has had the most impact. Netafim products have been used in innumerable projects in Africa and Asia; in India alone, said Mehudar, the company has over 250,000 customers, most of them smallholder farmers who are eking out a living from their plots, in large part thanks to the fact that they do not have to spend a lot of money on expensive water.
The company recently inaugurated, via its Indian subsidiary, a drip-irrigation project in the Bagalkot district of India’s North Karnataka state, located in the country’s west. When completed, the Ramthal (Marol) integrated micro-irrigation project will cover nearly 30,000 acres, encompassing 22 villages and benefiting around 6700 farmers – making it the world’s largest single drip irrigation project.
First drip irrigation device in an old greenhouse, Kibbutz Hatzerim, Israel, 1967 (Photo credit: Courtesy Netafim)
First drip irrigation device in an old greenhouse, Kibbutz Hatzerim, Israel, 1967 (Photo credit: Courtesy Netafim)
But 42 years after he invented its modern form, picking up on the original system developed by Israeli water engineer Simcha Blass, drip-irrigation technology is still in its infancy, said Mehudar. “Only 5% of the world’s farmers are using it – most of them still rely on traditional flood irrigation,” in which fields are inundated with water. It works fine in areas where there is a lot of water or rainfall – but no so well in many of the marginal areas of the developing world, and not at all when drought strikes.
“Eventually farmers around the world are going to realize the advantages,” said Mehudar. “There will soon be twice as many mouths to feed in the world as there are now, and of all the much-discussed technologies out there – including genetic modification – the only technology that has been proven to expand the amount of available land for crop growing, including the semi-arid land we are going to need to grow the food to feed those people, is drip-irrigation technology. Netafim may be decades old, but this is just the beginning for our tech.”

יום רביעי, 15 באפריל 2015

Israeli Scientists Regenerate Heart Cells in 

Revolutionary Discovery

APRIL 14, 2015 4:06 PM 0 COMMENTS
The heart. Credit: Wikimedia Commons.
JNS.org – When the cardiac muscle is compromised and cells die, it can often lead to death. But researchers at the Weizmann Institute of Science recently discovered a mechanism that could be used to regenerate heart muscle cells. The discovery appeared this week in the Nature Cell Biology journal.
Cardiovascular disease is one of the leading causes of death around the world. One of the reasons for this is the fact that cardiac muscle cells do not regenerate. These cells, known as cardiomyocytes, cease dividing shortly after birth. In the event of a heart attack, these cells die, forming scars that interfere with the normal function of the heart.
The Weizmann Institute’s Professor Eldad Tzahor hypothesized that the reason for the failure of these cells to regenerate had to do with the embryonic development of the heart. In mice, the heart muscle cells continue to divide until about a week after birth, making it possible for a mouse to heal from injury. But this ability exists for only seven days.
The protein ERBB2 plays a role in heart development. ERBB2 is a specialized receptor, a protein that transmits external messages into the cell, and it generally works together with a second, related, receptor by binding a growth factor called Neuregulin 1 (NRG1) to transmit its message. NRG1 is already being tested in clinical studies for treating heart failure.
Researcher Gabriele D’Uva (a postdoctoral fellow on Tzahor’s team) and research student Alla Aharonov noted that cells treated with NRG1 continued to proliferate on the day of birth but that the effect dropped dramatically after seven days, apparently as a result of a drop in the levels of the protein in the cells. “Too little or too much of this protein had a devastating impact on heart function,” Tzahor explained.
The next step was to determine what happens when the protein is activated for a limited time after a heart attack. The team found that they could activate the protein in mice for a short interval following an induced heart attack and obtain nearly complete heart regeneration within several weeks. “The results were amazing,” said Tzahor.
The team is now working on perfecting the method, which could eventually be used to treat humans.

יום ראשון, 15 בפברואר 2015



Detecting Cancer Through Your Smartphone Will Be Possible, Thanks to Israel!

Professor Hossam Haick of the Technion
Professor Hossam Haick of the Technion
The NaNose breathalyzer technology developed by Prof. Hossam Haick of the Technion will soon be installed in a mobile phone – to be called the SniffPhone.
A tiny smell-sensitive sensor will be installed onto a phone add-on and, using specially designed software, the phone will be able to “smell” users’ breath to determine if they have cancer, among other serious diseases.
The NaNose system can detect the presence of tumors, both benign and malignant, more quickly, efficiently and cheaply than previously possible, said Haick. The system has a 90% accuracy rate.
The NaNose Breathalyzer
The NaNose Breathalyzer
- See more at: http://jewfacts.com/detecting-cancer-through-your-smartphone-will-be-possible-thanks-to-israel/#sthash.kLg5Nifw.dpuf

יום רביעי, 4 בפברואר 2015



Israel - 5th in Bloomberg tech ranking, ahead of US, UK




 February 2, 2015, 6:24 pm 5
Mellanox headquarters in Yokne'am (photo credit: Moshe Shai/Flash90)
Mellanox headquarters in Yokne'am (photo credit: Moshe Shai/Flash90)
Israel has been ranked number five overall on this year’s Bloomberg Innovation Index, an annual ranking of countries that measures performance in research and development, tech education, patents, and other marks of technology prowess. Fifth place marked a dramatic rise from last year’s 30th.
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Israel did especially well in the R&D category, with the country ranking second in GDP expenditure on research, as well as on the percentage of the labor force with advanced degrees and the number of research professionals per million population. Israel ranked fourth overall in both those categories.
The study measured country rankings in six areas: R&D, manufacturing, the number of high-tech companies located in each country (the total number, not adjusted for population size), the number of students enrolled in post-secondary education programs, the number of PhDs working in R&D, and the number of patents per capita.
With its fifth place overall ranking, Israel bested France, Singapore, and the UK, as well as the US, which came in sixth overall. Taking the number one spot in overall innovation, as well as in R&D and education, was South Korea, followed by Japan, Germany, and Finland. China, recently touted by some as posing an R&D challenge to Israel, came in 18th in that category, and 23rd overall. India, another supposed challenger, did not make the top fifty in any of the metrics.
Israel’s overall rank was a strong improvement over last year’s Bloomberg ranking, which lists the top 50 countries for innovation. In that ranking, Israel placed a dismal 30th. In those rankings, Israel did well in education and R&D, but not as well in patents – ranking only 28th.
The real point-loser for Israel last year was in manufacturing capability. R&D doesn’t necessarily translate directly into product manufacturing, especially in Israel, the 2014 index said; the actual production and sale of an app or a physical product is often done from abroad, and as a result Israel ranked only 60th in this area.
In the 2015 index, Israel’s ranking in manufacturing improved significantly, with the country coming in 21st. However, there was a slight drop in the rankings for patents, with Israel falling to 31st.
Topping the list in three of the six categories – R&D, patents, and education – was South Korea, and those achievements, the Bloomberg report said, could largely be attributed to one important factor – the presence of electronics giant Samsung, which has been an engine of education and innovation in the economy. “In South Korea, research-intensive companies, led by Samsung, have modernized the whole economy.” South Korea, the report said, “is proof that countries can lift themselves up by their bootstraps through a combination of government support and private enterprise.”
While Israel has several large companies – such as pharma company Teva and microprocessor maker Mellanox – it does not have a world tech leader of the caliber of Samsung that could put Israel at what experts say is Israel’s rightful place at the top of the rankings.
Alan Weinkrantz (Photo credit: Courtesy)
Alan Weinkrantz (Photo credit: Courtesy)
Israel indeed does not have a tech leader, according to industry expert Alan Weinkrantz – it has a whole slew of them, and the work being done at Intel, Microsoft, Cisco, and the many other multinationals that have significant R&D operations in Israel will, he believes, eventually pay off for an Israeli “unicorn” – the term used for a home-grown billion-dollar tech giant. “Many of the people I have met in the big companies are working on their own side projects, using their skills and knowledge to build what they hope is the next big thing.”
As the Brand Ambassador for US tech giant RackSpace in Israel, Weinkrantz has had an opportunity to meet many entrepreneurs – both full-time and part-time – and at one point, one of the R&D ideas these entrepreneurs come up with is going to turn into an Israeli unicorn. “This is one of the unintentional benefits of the choice multinationals have made to make Israel one of the world’s top R&D centers,” said Weinkrantz.
“I recently heard Jon Medved of Our Crowd say that within a decade a major consumer brand will come out of Israel – much bigger and more all-encompassing than the big companies we have here,” Weinkrantz added. “The entrepreneurs who are capable of doing this know Israel and are much more likely to stay and build their business here – and when that happens, Israel will indeed take its place as one of the leaders not only of R&D, but of the tech business overall.”