Monday, March 12, 2018 1:43:53 PM
By Omar Kabir-17:03-03/12/18
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For years, the “Startup Nation" was really a startup city, Tel Aviv. But now other cities, such as Jerusalem, are starting to catch up.
For years, the “Startup Nation" was really a startup city, with the greater Tel Aviv metropolitan area home to the bulk of Israel’s tech sector. The coastal city is still where you can find the majority of Israel's startups and multinational tech companies, but other cities such as Haifa, Beer Sheva, and Jerusalem are slowly nurturing a local tech ecosystem of their own.
With Jerusalem-based accelerators and venture capital firms, Israel’s capital is increasingly claiming a larger slice of the Israeli tech “pie.” In January, Jerusalem-based equity crowdfunding firm Ourcrowd announced the launch of startup incubator Labs/02, set to invest in around 100 early-stage startups over the next ten years. Last week, Cisco launched a network of tech hubs designed to digitize Israel’s peripheral communities. Of the 100 hubs set to open by the end of 2018, 26 will be located in Jerusalem.
The following nine startups are among the dozens of Israeli startups selected to participate in Calcalist’s “Mind the Tech” conference in New York City this week.
Seevix Material Science
Spider silk is the most durable natural fiber, six times harder than steel while being light and elastic. Seevix Material Sciences Ltd.’s CEO Shlomzion Shen told Calcalist that the company has successfully imitated the spider’s natural silk production process to produce artificial spider silk.
The high-strength fibers have many commercial applications in industries such as sports equipment, aerospace, and automobiles. The fibers also have many potential medical applications. According to Ms. Shen, the fibers could be used to produce thinner, stronger surgical sewing threads, medical stents and balloons, and “scaffolding” for the creation of artificial tissues. Founded in 2014, the company employs a 14-person team.
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