CTech’s Monday Roundup of Israeli Tech News

Israeli communication chips company ColorChip in talks with prospective Chinese buyer. Founded in 2001 and headquartered in northern Israeli town Yokne'am Illit, privately held ColorChip designs and manufactures communication components for telecom providers and data centers. Read more

In Tel Aviv mayoral race, young opposition contests well-entrenched veteran. Deputy mayor for the past ten years Asaf Zamir and comedian turned entrepreneur Assaf Harel are contending against former fighter pilot and mayor of Tel Aviv for the past 20 years Ron Huldai. Read more

 

 

 

Teva outsources manufacturing in anticipation of Israeli plant closure. The debt-laden drugmaker announced an aggressive reorganization plan in December, consisting of wide-spread asset divestments and layoffs, including in its home country of Israel. Read more

PepsiCo acquisition nets bonus for SodaStream employees. Employees working at the company for over a year will receive a grant equal to 2.5 monthly salaries from PepsiCo. Read more

Israeli cannabis startup InnoCan Pharma raises $800,000 via crowdfunding. InnoCan develops medication for psoriasis and muscle and joint pains. Its management team includes former senior executives at Teva and Pfizer. Read more  

Israelis registered fewer patents, scientific discoveries in 2017. According to a new report by Israel's Central Bureau of Statistics, the number of newly registered patents in 2017 was down 5% compared with the year before. Registered scientific discoveries were down 19%. Read more

 

News Briefs

WeWork to open Jerusalem coworking space. Read more

Coworking real estate company Be All to open new Tel Aviv location. Read more

2.7 million passengers to travel through Tel Aviv’s airport in August. Read more