An Israeli electric car company set on bringing cleaner, more efficient vehicles to consumers declared bankruptcy Sunday. Better Place was founded five years ago, with an initial intent to revolutionize the car industry on a global level. But after a poor showing in a search for added investors and a departure of its founder Shai Agassi, the Better Place board announced its plan for bankruptcy. “This is a very sad day, on which our efforts to realize a universal vision to cut energy dependence on …More

EBay is setting up a start up incubator in Israel, to encourage entrepreneurship and innovation. The center will be located at Israel’s eBay headquarters in Netanya, and will focus on ecommerce, social networks and big data start ups. “We want to work with the Israeli startup community in a more organized and orderly fashion,” said eBay Senior Director Amit Menipaz, also a former head of eBay’s Israel branch. “In general terms, I can say that we want startups that deal with …More

Israeli app Waze is on the verge of some incredibly lucrative buy outs. The navigation app, which has emerged as a highly successful start up venture for its Israeli creators, has potential offers from Facebook and Apple, which could reach more than $1 billion in pay out. Facebook is reportedly interested in picking up the app for a sum between $800 million and $1 billion. Reports are also surfacing that Waze managers spoke with interested Apple execs earlier in the year as well. The app is used by drivers to …More

An Israeli start up is revolutionizing the way average families receive their daily milk. MiRobot is an automated milking system that produces quick, efficient milk retrieval, a coup of a system in Israel, which leads the world in milk production. “Automated milking systems that are on the market are not really appropriate for large dairy farms,” MiRobot’s CFO David Rubin recently told the Times of Israel. “The robots that are available can only handle about 70 cows a day — …More

A nice Jewish boy from Israel is revolutionizing the way global waters are monitored for security. Ami Daniel is CEO and co-founder of Windward Maritime Solutions, an Israeli start up that combines satellite imagery with intelligence data to predict where potentially dangerous ships might strike. “Most governmental intelligence agencies, as well as business intelligence organizations, act on information they have,” wrote Daniel in a recent issue of Common Defense Quarterly. “They research, …More

Sprint Nextel is set to open a research lab in Tel Aviv, in cooperation with Israel’s Mobile and Media Association (IMA). The new center will open later this year, and act as an acceleration lab for Sprint’s LTE technology. As a result, Israeli start ups will have access to testing platforms at the lab, eliminating the need for costly travel while products are in the testing phase. "Sprint was open to taking a totally different approach through the structure of this lab, allowing the mobile ecosystem …More

As the Israeli government and individual investors continue to put increasing funds into the life sciences industry, women may be at an advantage monetarily, according to a recently published Bloomberg report. The report stated that in Israel, the field of biology and related sciences collected the most money—$240 million—from venture capitalists in the first half of the year, with women greatly outnumbering men in higher education in these fields. “It makes you feel that in the life-sciences …More

No!no! Hair, an Israeli startup, is breaking retail records, selling more than 260,000 units through a home shopping network, with three million units sold worldwide. The numbers soared after no!no! Hair was featured in a July 4 event led by beauty expert Jennifer Crawford and soap opera star Kassie DePaiva. The 24-hour event ended with no!no! Hair's Totally Tangerine and Pink Power limited edition hair devices selling out, with an on-screen counter displaying more than 41,000 units sold for $249.95 …More

NoCamels Team, NoCamels - Israeli Innovation News Wibbitz, a startup that coverts text and articles into videos in a matter of seconds, yesterday closed a funding round of approximately $3 million. The startup, founded in 2011, landed $2.3 million from Hong Kong billionaire Li Ka-shing’s Horizons Ventures. Horizons Ventures is known for tech investments such as Facebook, Spotify and Waze. The company’s previous investors, Lool Ventures, Initial Capital and private investor Eli Gabay, also …More

Countless Americas are currently facing layoffs as unemployment rates stagnate. With more than 22 million Americans using social networks to find their most recent jobs, Ran Enoch has developed the Israeli startup JobsMiner to help Americans find jobs. Jobsminer.com serves as a job aggregator that is all encompassing. The site uses Facebook, Twitter, LinkedIn, and Google Plus to find hidden jobs which job seekers may not be aware of. Users can log-in to the site, select a location, a specified job and see all of …More

More than 100 Israelis who are studying in the United States' most distinguished universities gathered at Columbia University this week to attend a conference with technology entrepreneur Dr. Erel Margalit as its keynote speaker. Margalit's message to the event's attendees was obvious—return home. "Come home. The State of Israel needs the finest minds of the generation of the future," Margalit said. Margalit invited Israeli start-up experts Ran Harnevo, Adam Singolda, Idan Cohen and Yoni Assia to …More

If you're like many people, when you get your credit card statement you probably give it a quick skim. Going through all the charges line by line just takes too much time, so you hope for the best and trust in your card provider. That's not the best idea, says Yaron Samid, CEO of the hot new Israeli startup BillGuard. But not to worry: BillGuard will do the scanning for you, looking for scams, bad billing practices, double charges and errors. Samid estimates that BillGuard finds at least one bad charge for one out …More