Israel Innovation 2.0

During the week of April 25, 2010, Google acquired its first Israeli company, LabPixies, a widget publisher. Better Place started to make inroads in China and Al Gore-backed GreenRoad continued to receive attention abroad. For these stories and more, see this week’s 10 Israel-related headlines below.

Cleantech
1. Better Place makes inroads in China

2. Israel to share agricultural know-how with struggling African farmers

3. Israel’s Al Gore-Funded GreenRoad Seeks to Cut Emissions, Bills

Investment
4. Google acquires Widgets powerhouse Labpixies

5. Sapiens Acquires Harcase, a P&C Insurance Software Provider

Information Technology
6. MiniFrame Introduces New SoftXpand Product Suite to Address Multiple Vertical Markets

7. Clouds helping start-ups grow, but lack enterprise capability, investors say

8. Magic Software Looks to the Clouds

Miscellaneous
9. Israel, U.S. ink open skies pact

10. Israel Blesses iPad Saying, “Let The Tablets Go!”

Israeli business newspaper, Globes has reported that Google acquired Israeli app publisher LabPixies. The purchase, which is estimated to be at $25 million, is Google’s first in Israel. LabPixies will be integrated into Google’s R&D office in Tel Aviv which focuses on web and mobile development, such as YouTube Annotations and Google Trends, and will focus on iGoogle efforts in the Europe, Africa and the Middle East. The acquisition is expected to also help Android app efforts.

Below is a timeline with some of the major events showing Google’s road to Israel and its acquiring LabPixies.