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Aharon Aharon, CEO of the Israel Innovation Authority (Courtesy)
The lab is scheduled to open in 2021, and will be part of the innovation labs program set up by the Innovation Authority in 2017. The program seeks to prod international corporations into setting up these labs to support startups in their field of interest and to take part in the Israeli ecosystem by gaining exposure to a variety of innovative developments. For startup entrepreneurs, the labs present an opportunity to access technological infrastructure, market insights and industry expertise.
The consortium of the global pharma firms was selected via a competitive process held by the Innovation Authority together with the National Digital Ministry.
Meet Joe, the drone that herds cattle (or camels)
Two Israeli cowboys introduce drone technology to save time and manpower in the rugged business of cattle (or camel) ranching.
Photo courtesy of BeeFree Agro PR
It’s one of the most iconic images of the Wild West: a cowboy herding his cattle on the open plain.
Noam Azran is an Israeli version of the classic cowboy – a passionate rancher living in the Upper Galilee. But he’s ready to give up the romance of the open plain for technology that will reduce his herding costs and give him time with his family.
The Israel Innovation Authority (IIA) and the National Digital Ministry have selected Pfizer, AstraZeneca, Merck, and Teva to establish an Innovation Lab to research digital health and computational biology. The companies, which join the presence of the Israel Biotech Fund and Amazon Web Services (AWS), will establish the laboratory at Rehovot Science Park to help entrepreneurs and startups meet the challenges of the healthcare industry.
The lab is scheduled to open in 2021 and will join existing labs as part of the program initiated by the IIA. In total, it will have a government budget of NIS 32 million ($9.9 million) as well as additional funding from the group’s partners. The group was awarded a five-year operational franchise and the IIA and National Digital Ministry will finance 85% of a NIS 3 million ($1 million) budget for each startup that joins the lab.
Israeli vegan yogurt co Yofix begins UK exports
The products will sell in the UK for £1.70-£2.00 per 125 gram unit.
Israeli vegan yogurt company Yofix has begun exporting its products to the UK, Globes has learned. The Israeli startup has begun exporting a series of products under the brand The Real Foodists to the British market. In the first stage the products will sell in 80 convenience stores and health and natural food stores in London. After that Yofix also plans distributing its goods to Britains large retail supermarket chains. At the same time the company has also begun marketing in Israel over the past few days.