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Invest in Israel Newsletter March 2011 Edition

VC Cafe

As every month, VC Cafe is re-posting the “Invest in Israel” Newsletter, published by the investment promotion center of Israel’s Ministry of Industry, Trade and Labor , which offers many helpful tools for prospecting investors. Israel’s index of leading economic indicators rose a preliminary 0.4%

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After Layoffs and Profit Warnings, 888 Buys Mytopia’s assets for $18 million

VC Cafe

In recent months, Mytopia changed its focus and began offering Particle Code, a cross-platform application development framework for mobile devices and tablets. A month later, Calcalist broke the news that 888 let go 15% of its work force of over 1,000 worldwide, with approximately half in its development center in Herzliya, Israel.

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Special: 72 Israeli Companies Exhibit at the 2010 Mobile World Congress

VC Cafe

In an interview to Calcalist , Eyal Reshef, chairman of IMA said the rise in the number of Israeli start ups is largely thanks to a 70% sponsorship provided to the Israeli exhibitors by IMA, the Israel Export and International Cooperation Institute, the Israeli Foreign Trade administration and Matimop, the Israel Industry Center for R&D.

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