israel-technology-headlines

The investment arm of auto manufacturer General Motors (GM) announced that it invested in Israeli startup Powermat, the company’s first investment in an Israeli company. AT&T will be opening a mobile app development center in Tel Aviv sometime in 2011 and Jinni, a movie and TV show recommendation engine raised $5 million. For these stories and more, see below.

Cleantech
1. Israel focuses its energy on clean technologies
“After a successful run of high-tech and computer-related innovation, Israel is focusing its ambitions on the next big thing — preparing the world for life without coal and oil…”

Investment
2. NIS 200m VC investment plan comes into effect
“The government plan to encourage Israeli institutional investors to invest in domestic venture capital funds came into effect today…”

3. Movie And TV Show Recommendation Engine Jinni Raises $5 Million
“Israeli startup Jinni has just announced it has raised $5 million in Series B financing to further its personalized TV and movie recommendation service…”

4. Magic Raises approximately $25 million in Recent Filings
“There aren’t too many Israeli companies that have reached this scale: Magic Software (NASDAQ: MGIC), a veteran Israeli software company specialized in cloud and on-premise application platform and business integration solutions, has raised $21.2 million…”

5. GM investment arm invests in Israeli start-up Powermat
“The investment arm of General Motors has made its first investment in Israel. General Motors Ventures has invested $5 million in start-up company Powermat, which has developed a mat on which up to three electronic devices can be charged simultaneously, and wirelessly…”

Information Technology
6. Promisec Named in Top 100 Fast-growing EMEA Companies
“Software vendor Promisec has been recognized within the top 100 fastest-growing companies within EMEA as identified by The Deloitte Technology Fast 500 Europe, Middle East and Africa 2010 winners…”

7. AT&T Opening Three Facilities for Mobile App Devs
“AT&T is building three facilities that mobile application developers can visit to access tools and resources and test their applications, the company said on Wednesday…”

Miscellaneous
8. IBM predicts top 5 technologies in next 5 years
“IBM unveiled its 2010 “Next 5 in 5” list last week, which predicts which five technologies will make a significant impact in people’s lives in five years’ time…”

9. Israel’s pollution regulation gets boost from new law limiting car emissions
“The Environmental Protection Ministry will now have the authority to place stricter limits on emissions from industrial plants and motor vehicles, according to a new law going into effect today…”

10. NIS 600m Disney park, multiplex planned for Haifa
“New Lineo Cinemas (2006) Ltd., owned by the Edery family and Walt Disney Company (NYSE: DIS) investment arm Shamrock Holdings, will build a NIS 600 million 25-screen multiplex and Disney amusement park at the Check Post exit from the Carmel Tunnel in Haifa…”

11. Inside Israeli Tech: 2010 Headlines in Review
“In 2010, Israel’s Internet sector came of age, mobile hit its stride, more capital began to flow into Israel, and several companies grew. Here is a video recap of some of the biggest headlines and stories from 2010…”

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