Survey reveals Israeli hourly wage for freelancers is nearly double that of their counterparts worldwide; Netanyahu, Johnson discuss free-trade zone; 50 startups head for Berlin; and much more!
By Michael Ordman
ECONOMY & BUSINESS
Israeli freelancers earn double the global average
A survey by Israeli-founded Payoneer reveals that the $42 average hourly wage of Israeli freelance workers is nearly double that of their counterparts in other countries. 7,000 freelance workers in 150 countries were surveyed.
UK and Israel discuss free-trade zone
Israeli PM Benjamin Netanyahu and his British counterpart Boris Johnson have agreed to begin talks on establishing a free trade zone between Israel and the UK. Israel was the first country in the world to sign a post-Brexit trade deal with the UK (see here).
Fifty startups head for Berlin
WeTech Berlin 2020 (Feb 26 – 27) is an exclusive innovation conference hosted by CTech and Calcalist. Fifty Israeli startups will showcase technologies and meet with local investors and strategic partners in European and German corporations. (All 50 startups are listed in the following link)
Axis Tel Aviv Conference
Conferences do not have to be big to be successful. Axis Tel Aviv is limited to 250 decision makers and international investors – many visiting Israel for the first time. Israeli startups pitching to investors include in the fields of mobility, media and telecommunications, fintech, insurtech, and commerce.
Maryland delegation seeks Israeli entrepreneurs
Maryland Lt. Gov. Boyd Rutherford recently visited Israel as the head of a delegation of state employees and Maryland-based businesses. His aim was to encourage Israeli companies and entrepreneurs looking to enter the US market, that Maryland is the ideal partner.
Sisense becomes a Unicorn
Israeli business intelligence company Sisense (reported here previously) has just raised $100 million from US-based VC and private equity firm Insight Partners. It gives Sisense a valuation of $1.1 billion dollars – joining the “club” of over 20 other Israel companies with “Unicorn” financial status.
Forescout exits for $1.9 billion
Israeli-founded cybersecurity company ForeScout was reported here in Nov 2018 when it paid $113 for a US-Dutch security company. Now Forescout itself has been bought by US-based Advent International for $1.9 billion, eclipsing the $1.1 billion (see here) that Insight paid for Israel’s Armis.
Milan Fashion Week for 21-year-old
Israel’s Maya Reik, fashion designer and founder of Marei1998 is debuting her Faux Fur at Milan’s fashion week – at the age of 21. Maya left school at 14 and studied fashion. Entrepreneurial skills run in her family. Her father sold his shipping business to DHL for $100 million.
Brewing up a secure partnership
The world’s largest beer company AB InBev has signed a partnership agreement with Israeli cybersecurity startup foundry Team8, which will liaise between Israeli cyber companies and AB InBev. In June, AB InBev established a cybersecurity-focused hub in Tel Aviv.
Innoviz partners Shaanxi for autonomous trucks
As part of the global expansion of Israel’s Innoviz and its all-seeing LiDAR sensors (reported here previously) , it has now partnered with China truck manufacturer Shaanxi to deploy up to 600 autonomous trucks in Xi’an, one of the biggest ports in China.
For this week’s Good News from Israel archive, click HERE.