Rehovot-based central nervous system drug developer NeuroDerm has filed a prospectus with the SEC to raise up to $65 million in an IPO on Nasdaq at a company value of $200 million, after money. The company filed confidentially in April. Founded in 2003, Neuroderm is developing a wearable treatment solution for patients with Parkinson’s disease and has two products in clinical trials. To read more, click here.
Israeli avatar tech wins the 2014 Intel European Business Challenge
Fitterli, an Israeli-developed platform that could eventually boost online clothing sales is the winner of Intel’s Business Challenge Europe 2014. Fitterli provides technology to web clothing retailers that lets users create an online avatar that can try on clothing. While fashion – virtual or otherwise – doesn’t sound like it would be up Intel’s alley, the company has become interested in the sector in recent years, as wearable technology becomes ever more popular. To read more about Fitterli, click here.
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Trending Israeli Entrepreneurs
From pharmacist to tech visionary: Interview with tech pioneer Hans Shakur
Serial-entrepreneur Hans Shakur is a fifteen-year startup veteran who’s been involved in several innovative ventures, both tech and social, that highlight how Arab-Israelis are also part of the entrepreneurship DNA of the Startup Nation. Shakur has been breaking through geographical and social obstacles for years, armed only with curiosity, knowledge and a keenly optimistic vision of the future. To read more about Shakur’s experiences, click here.
Why the global tech sector should follow Israel’s lead
Israeli’s remarkable determination to succeed – indeed thrive – along with Israel’s high percentage of immigrants, phenomenal educational system and can-do entrepreneurial spirit are key reasons for the country’s success in a number of areas, including as an incubator of technology and innovation. And other nations should follow Israel’s lead in creating a business environment that encourages and fosters entrepreneurship. To read more, click here.
Kaspersky says vital cyber-security is where the jobs are
Kids looking for a career — and adults seeking a new way to make a living — need look no further than information technology security. That’s the message from Eugene Kaspersky, one of the deans of the cyber-security business. Kaspersky is the head of the cyber-security firm that bears his name. Among his accomplishments was the disclosure of the existence of the Stuxnet malware in 2012. To read more, click here.