| if you can't read this email click here Send to a friend  | 
| The Newsletter | October 2011 | | | | | | Dear friends and colleagues, I am very pleased to introduce the October edition of the Commercial Office Newsletter.
It is pleasing to see UK-Israel Trade figures continue to grow. Data referring to the second quarter 2011, show the UK has become Israel’s second largest export market after the United States; over and above the Netherlands, China and Germany. At the same time, bilateral investments and joint ventures are developing.
Recent activities include Citigroup’s decision to open a R&D Centre in Israel (further details below) and Israeli company NICE is to acquire UK company Fizzback for $80 million. Global interest in Israel's innovation is further demonstrated with Horizons Ventures, the private venture firm of Li Ka-shing, the world's 11th richest man, investing $5.5 million in Israeli startup, Magisto. Further details on this story below.
On a macroeconomic level, Price Waterhouse Coopers recently stated that the total Venture Capital investment in Israeli technology firms has risen to $364 million for the second quarter of 2011, a dramatic 77 per cent increase on last year.
As we approach the Jewish New Year, I would like to use this opportunity to wish you continued success for the coming year.
With kind regards,
Noah Shani
Minister, Commercial Affairs
Embassy of Israel, London | | | | | | | | | | |   
| | | The Israel Pavilion at IBC 2011 - The Results | | | For the third consecutive year, the Commercial Office partnered with the Israel Export and International Cooperation Institute to create the Israel Pavilion at IBC to showcase the advances coming out of Israel in the new media sphere. With approximately thirty companies presenting their solutions in their respective sectors, the Israel Pavilion at IBC served as a hub of innovation. In preparation for the event, the Commercial Office met with leaders in the UK media industry to understand the direction and focus of the UK market and tailored introductions between UK and Israeli representatives at the Israel Pavilion. Senior individuals from all of the major players in the UK ensured they spent significant time at the Israel Pavilion at IBC. With over 1,300 companies exhibiting at IBC, visitors always feel the pressure when scouting technologies, but the Israel Pavilion became an oasis of expertise. With approximately 170 meetings taking place between Israel and UK companies, it was a record year for success at the Israel Pavilion. The Israel Pavilion hosted representatives from the BBC, BSkyB, ITV, Channel 4, Virgin Media, TalkTalk, BT, Disney, Fox, STV, Samsung, Apple, Sony, Facebook, RIM, Bauer Media, to name but a few. Feedback during the show was incredibly positive with quotes such as “the best hour I have spent at IBC” and “the most coordinated and productive meetings I have had this week”. | | Read more | | | | | | | |  | | | Citigroup to open R&D Centre in Israel | | | The ongoing efforts by the Israeli Government to encourage a technology hub for global financial services companies continues to pay dividends, with the recent announcement by Citigroup to expand their technology Research & Development to Israel. Citigroup are now the second major bank to expand operations in Israel, after Barclays made the decision earlier in the year. While major brands such as Microsoft, Intel and Motorola have long established R&D facilities in high-tech and mobile communications, R&D within the financial services sector has yet to realise its full potential. In a joint statement with the Ministry of Industry, Trade and Labour and the Ministry of Finance, Don Callahan, Citigroups's Chief Operations and Technology Officer explained how Citigroup “will add Israel to its portfolio of a centre of strategic innovation that will focus on the development of advanced products and applications for the capital market”. | | Read more | | | | | | | |     | | | Upcoming Israel Pavilions around Europe | | | | Israel will be presenting at the following exhibitions and events around Europe and Israel. For more information, please contact the mentioned contact within the Commercial Office: Anuga, Cologne The world’s largest food fair for retail food and food service is now upon us and the Israeli Pavilion is looking to make an impact. Goods showcased will be of the very highest quality with many made from only natural ingredients across bakery, ambient and confectionary food. Simon Spier: simon.spier@israeltrade.gov.il Milipol, Paris Paris is now getting ready to host one of Europe’s major internal State security events. 32 companies make up the Israeli Pavilion covering a huge range of protection equipment ranging from surveillance, counter-terror and law enforcement solutions. Peter Wynch: peter.wynch@israeltrade.gov.il Watec, Tel Aviv The Commercial Office, in conjunction with UK Israel Business, continues to work very hard to organise a delegation from the UK to Watec in Tel Aviv this November. Using world leading technology and methods, Israel’s reputation across the water industry has grown rapidly and is seeking to consult on growing water challenges that face us all. Simon Spier: simon.spier@israeltrade.gov.il Medica, Düsseldorf Europe’s largest event for Life Sciences and Healthcare, Israel continues to build on its distinction as the number one producer of medical device patents per capita with new companies joining a very diverse Pavilion this year. Peter Wynch: peter.wynch@israeltrade.gov.il | | Read more | | | | | | | | | | | News from Israel High-Tech | The purchasing of Israeli Company The Gifts Project by eBay, has the potential to dramatically change the manner by which goods are bought and sold electronically. The company’s software allows multiple users to buy and sell products, with the further intention that social shopping platforms are developed, facilitating far greater interactive online communication between users in real time.. Click to read article Backed financially by the 11th richest man in the world Li Ka-shing, free online video-editing programme Magisto is set to be launched. Complete with a mobile application, Magisto comes with image analysis technology, enabling users to transform video clips with film and music and provides the opportunity to shares these films online. Click to read article Israeli firm Shaker won the ‘Disrupt Cup’ at online start-up magazine TechCrunch’s annual Start-Up Awards in San Francisco. Utilizing the massive reach of Facebook, Shaker takes one’s Facebook profile data and connections and transforms them into a form of interactive Social Gaming, allowing users to interact with other Facebook users through Avatars and other graphics. Click to read article | Communications Industry Review New Media Industry Review | | | Cleantech | While leading the world in terms of technology, the article below argues that Israel is yet to fully realise its potential in making cleantech energy profitable , largely through a lack of funding from Investors and a failure on the part of the water companies to fully leverage the government’s R&D incentive scheme. However, this is gradually beginning to change with modest grants being handed out to smaller energy-start ups. Click to read article | | Water Technologies Industry Review | | | Science/Medicine | The signing of an agreement between NanoPass Technologies and UK company Circassia Ltd is an example of how Israel and the UK are forging significant agreements in the field of life science. The Microjet, belonging to Nanopass, is a microneedle-based device, used for intradermal delivery and will supply Circassia with many of their allergic vaccine treatments going forward. Click to read article | | Life Sciences Industry Review | | Business/Economics | As further evidence of how robust the Israeli Economy is viewed globally, Standard & Poor, a key publisher of financial analysis, has risen Israel’s credit rating to A+. Click to read article Getting closer to the end of the calendar year, analysts at the International Monetary Fund now believe the Israeli economy has grown around 4.8%, far higher than what was predicted in the spring. Israel’s continued development in now partly predicated on the strength of her export market and the hope that any political tensions remain contained. Click to read article | | | | | | | | | | | The Commercial Office, Embassy of Israel, London As part of the Ministry of Trade and Labour and the Foreign Trade Administration, the Commercial Office at the Embassy of Israel facilitates business collaboration between companies from Israel and the UK. With a remit covering all areas of the Israeli market, from agriculture to bio-technology and from cosmetics to telecommunications, the Commercial Office is a proactive key player in the initiation of new economic and commercial opportunities and the establishment of new business channels between Israel and the UK. For more information, please contact us on the details below. | | | | |  | |