CTech's Wednesday Roundup of Israeli Tech News

Following payment delays by Israel Innovation Authority, startups start layoffs. Israel's political limbo is delaying the approval of the government budget, meaning the government's tech investment arm is almost $60 million short in promised grants. Read more

Japan's Olympus Corporation to open local innovation office in Tel Aviv. The life science company is interested in Israeli technologies and startups in the fields of digital health and medtech, with a particular interest in prostate stent technologies. Read more

Teva faces U.S. criminal probe on opioid-related distribution, report says.The Israeli drugmaker is one of six companies to receive subpoenas from federal investigators, the Wall Street Journal reported Tuesday. Read more

Argentina’s Olympic soccer team to use PlayerMaker’s sensors-based coaching technology ahead of Tokyo games. PlayerMaker uses motion sensors installed on players’ shoes to track indicators as gait and ball contact. Read more

El Al to offer direct flights to Australia. Israel's national airline is set to test out direct flights from Tel Aviv's Ben Gurion airport to Melbourne in the second quarter of 2020. Read more

Calcalist’s Mind the Tech conference:

 

The music industry should inspire our perspective on data ownership, says IIA exec. Read more

Israel is on the way to becoming an outsourcing country, says AppsFlyer CEO. Read more

We invest in product-obsessed entrepreneurs, says venture capitalist Gigi Levy-Weiss. Read more

Drones are no longer enough for military operations, says Elbit exec. Read more

Today's consumers force us to innovate, says Strauss Group exec. Read more

Only better mass transit will end traffic jams, says automotive company CEO. Read more

In 2019, Israel postal will have delivered 70 million packages, says CEO. Read more

TV Providers That Fail to Become Super Aggregators Will Turn Obsolete, Says Telco Exec. Read more

Sci-Fi authors have blown our expectations of technology out of proportion, says WekaIO founder. Read more

Mobile app are Invaluable tools for retail, says pharmacy chain exec. Read more