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High-tech firms in Israel raise US $493 million in VC
Author  IVC POST | IVCPOST Staff Reporter

The Israel Venture Capital (IVC) Research Center announced that Israeli high-tech firms were able to rake in US $493 million in venture capital during the second quarter. The figure is up by 4% compared with the first quarter's financing.

It was further revealed that the amount accumulated for the second quarter was 3% higher than the funds raised during the same period in 2012. IVC made this accounting together with KPMG, an Israeli office of consultancy.

"The uptick in investments in the second quarter reflected in part relatively robust activity in the medical devices segment," said a partner at KPMG's technology group Ofer Sela.

"Yet, more than two years after the launch of the Israeli government initiative to promote investments in the life sciences, the sector as a whole is still not showing the expected results," Sela added.

High-tech companies in Israel have been regarded as key drivers of the country's economy. It has prompted growth of up to 3.2% last year.

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Israeli-Made ‘Pencil Sharpener’ Device Peels Carrots, Vegetables (VIDEO)
An Israeli has invented a tool that will shave time off of peeling carrots. The device? The Karoto, looks and works like a large pencil sharpener, and peels vegetables such as courgettes and carrots or any similar-shaped vegetable.Designed by Avichai Tadmor for Monkey Business design studio in Israel, it isalso touted for its safety. The Karoto’s creative team says it is a safer way to slice the skin off vegetables compared to using a peeler or knife.Tadmor and his team claim the Karoto can completely peel a carrot in less than 30 seconds and say that not only does it save time but the shavings can also be used for decorative purposes.Jenni Day, sales manager at London-based Luckies – a gift site that sells the Karoto in the UK - told the Daily Mail: “The Karoto is a really fun, quirky gift that can make preparing dishes a bit more interesting.“It makes peeling vegetables easy and can be used with any long root vegetables such as carrots, courgettes, parsnips, and cucumbers.“It comes with restrictions for children’s use as a lot of items of cutlery and kitchen gadgets do, but it is definitely easier to do than other ways of peeling vegetables. It looks like a pencil sharpener and works in a similar way and I would say it would take about 30 seconds to peel a carrot.” “Not only does it make peeling a fast process but it also leaves curls which can be used to decorate salads and brighten up other dishes.”The Karoto comes in both orange and black and is sold for around 10 pounds in the UK.Watch a video of the Karoto in action below: 
Israel accepted into OECD
 Israel accepted into OECDFinance minister says new membership is 'stamp of approval', will attract foreign investments Zvi Lavi  Published: 05.10.10, 13:16 / Israel Business    The Organization for Economic Development and Cooperation (OECD) accepted Israel into its ranks Monday during a vote, as its 32nd member. Finance Minister Yuval Steinitz, currently in China, received an unofficial message from the organization, and an official statement will be made in Paris in the afternoon. The official invitation is to be handed to Steinitz at a convention of the OECD's finance ministers in Paris at the end of the month. Slovenia and Estonia were also accepted as members Monday. "The significance of this is huge and that is why, as a matter of fact, I decided to treat it as a top priority 10 months ago and enter into a special program to introduce Israel into the organization at a peak time," Steinitz told Israel Radio. "It is the most respectable international club a small state like Israel can be accepted into," he added. "From what we know about other states, in the years following the acceptance there is a rise of billions of dollars in foreign investments in the state accepted." Steinitz said Israel was being accepted into the club responsible for dictating the world's financial guidelines. "There is also a political gain here. We are receiving a stamp of approval… that Israel belongs to the world's most advanced and developed countries, and not just financially – in civil rights, a clean and independent court system, regulations, equality, and steps to eliminate discrimination," he said.  Manufacturers Association President Shraga Brosh issued a pleased response saying that "Israel's membership with the organization constitutes a label of quality." Treasury chief Haim Shani said, "The joining of Israel to the organization points to the trust companies have in Israel's economy and solidity. I believe the new membership will help Israel's society and economy progress, attract foreign investors, and develop the market."
New Mapping Service Locates Every Israeli Startup in New York
IsraeliMappedinNY provides detailed map of Israeli-owned startup companies popping up all over the cityAs more and more startup companies continue to pour out of Israel - a.k.a. Startup Nation - many of them, once finding success, head over to establish offices and conquer the high-tech industry over in New York City.So much so, in fact, that finding these Israeli startups have proven a chore, prompting a new mapping service, IsraeliMappedinNY, offering an easy guide to finding Israeli companies based in the Big Apple.Fiverr, Wix, Billguard, Bizzabo, and Kenshoo are just a few of the Israeli high-tech firms located in New York.Guy Franklin, a senior auditor and consultant at the New York branch of Ernst & Young, is the brains behind the new project, claiming his inspiration came from other such mapping services Mapped in Israel and Made in NY, the original mapping trendsetter which came out in May of last year. Franklin had worked with the former for a short period of time.Immediately following its launch, tech wunderkid Ben Lang came out with Mapped in Israel, which pinpoints every Israeli startup - the country currently boasts approximately 4,800 - in the country.Both Mapped in Israel and Made in NY became popular instantaneously, and Franklin hopes IsraeliMappedinNY will follow in their success.IsraeliMappedinNY “converges New York startups that were either founded by Israeli entrepreneurs or are present in Israel,” read an official statement from Franklin. “Through this site, the Israeli startup community can stay connected.”
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