Israeli tech startups start small but are thinking bigOct. 31, 2012
Israel is a country that is almost always in the news for either political reasons or tourism, but the tiny state is making a name for itself as a hub for startup tech companies. On a recent high-tech mission to the country, we got to see some of the startups that are looking to change the world.
For some background, Israel is ranked third in companies listed on the NASDAQ (only behind the U.S. and China) and venture capitalists pumped billions into 550 startups last year alone. The startup culture that has been brewing the last 10 years has already borne fruit in products we see today.
Microsoft’s Kinect’s technology was developed by an Israeli company called PrimeSense. The software that runs the Boxee Box was from an Israeli startup. Powermat, the wireless charging solution now run by Duracell, is an Israeli invention. Waze, the free GPS navigation crowd-sourcing app is also developed there. And Shopping.com, scooped up by eBay, also started out there.
While visiting Israel for a week, WhatsYourTech.ca website met with a dozen different companies there. Among the ones that stood out were Parko, Interlude and PrimeSense.
For the full project on WhatsYourTech.ca, see:http://whatsyourtech.ca/2012/10/25/israeli-tech-startups-start-small-but-are-thinking-big/
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