GE launches Israel acceleratorSep. 30, 2015
US corporation General Electric (GE) is maintaining its interest in Israeli innovation as the company today announced that it would operate an accelerator in Israel. The accelerator will focus on cloud computing and big data, with an emphasis on industrial Internet. GE, which is active in a broad range of areas, has a market cap of $245 billion and has already invested in a series of Israeli companies in the biomedical, energy, and cyber sectors.
The accelerator's first group of four software companies will get underway in July, and the second cycle will begin in December.
GE Software CTO and VP Harel Kodesh said, "Through software, we're enhancing the ability of companies to develop innovative solutions that will achieve progress in the industrial Internet, and we're supplying them with a digital channel for their relevant market. The creation of an eco-system of software companies will help us make progress in the industrial Internet.
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