MIT Technology Review cites Israel as leading Tech Hub . The July-August issue of MIT’s Technology Review noted Israel as one of 8 leading innovation clusters in the world. The others included Silicon Valley and Boston in the U.S., Skolkovo Innovation City (Russia), Bangalore (India), Beijing (China), Tech City (London), and Paris-Saclay (France). Israel, which ranked in the top five, was particularly noted for its entrepreneurial culture and liberal immigration laws.
VentureBurn Magazine ranks Tel Aviv as top startup ecosystem. VentureBurn, the online magazine dedicated to the global venture capital community recently published a list of the top 20 startup ecosystems worldwide. Israel placed # 2 just behind Silicon Valley and ahead of Los Angeles (#3), Seattle (#4), New York (#5), Boston (#6), Singapore (#17) and Bangalore (#19). The authors explained Tel Aviv's high ranking, writing that “Given major acquisitions like the billion-dollar Waze, which sold recently to Google, clearly Israel’s second biggest city has got the gumption for start-ups.”
Philips healthcare announces plans to establish Israeli incubator. After meeting some 30 Israeli medical start-ups, senior VP for business development, strategy, and M&A at the Dutch multinational engineering and electronics conglomerate Philips Healthcare, Arnaud Bernaert, affirmed the company's conviction that it must expand the scope of its activity in Israel.
Germany's Bayer partners with Israeli Compugen on cancer therapy research. German pharmaceuticals company, Bayer AG, and Israeli drug company, Compugen Ltd., recently announced plans to collaborate on cancer treatment research, an agreement that could be worth some $500 million for Compugen. The agreement stipulates Bayer's application of the Israeli technology in its development of antibody-based immunotherapies. Immunotherapy is a medical treatment designed to stimulate the body's own immune cells to battle cancer.