Qualcomm acquires Israeli startup Wilocity for reportedly $300M
Qualcomm has acquired Israeli chipset developer Wilocity for reportedly more than $300 million to enhance its ability to provide multi-gigabit wireless technology for mobile, computing and networking devices. Qualcomm has been seeking to acquire an Israeli company in this sector for a long time, and has been an investor in Wilocity since 2008. To read more about the acquisition, click here.
Israeli high-tech gets aggressive and the future is rosy
More than a decade after the last bubble burst, the Israeli venture capital industry has steadily matured, reaching a turning point over the past year. The return profile in Israeli high-tech investments is improving remarkably as entrepreneurs build stronger, more ambitious startups with eyes on a much bigger prize and a higher probability of success. To read more on the steady rise of Israel’s startup ecosystem, click here.
If you’re an accredited investor and interested in investing in some of Israel’s most exciting startups, please register at OurCrowd
Updates You Might Have Missed
Trending Israeli Entrepreneurs
Tikkun Olam Make-a-thon: 72 hours to make a better world
TOM, which stands for Tikkun Olam Make-a-thon, was a three day hackathon-like event in the Nazareth Industrial Park that challenged participants to get to know a specific individual’s need and create a solution. The makers had three days to work with mentors and other experts to use 3D printers, laser cutters and other machinery in order to create working prototypes to address that need. To read more about the impressive devices that were presented, click here.
Ultra-Orthodox Jews in un-orthodox high-tech positions
Cultural and religious barriers have kept most ultra-Orthodox Jews from joining Israel’s high-tech industry. To help these men and women break out of their cloistered world of religious study and integrate into Israeli workforce and society, many of the country’s biggest tech employers are investing in programs to help blend the ultra-Orthodox into the high-tech scene. To read more, click here.
Israel hailed as world leader in clean-tech
According to the 2014 Global Cleantech Innovation Index, Israel has the most potential, out of 40 countries surveyed, to produce and commercialize entrepreneurial cleantech startup companies in the world. For the past three years, Israel has had nearly 20 of its cleantech companies voted onto the shortlist of the Global Cleantech 100 index. To read more, click here.
