Strategy

Elron Appoints Yaron Elad as CEO

Elron Appoints Yaron Elad as CEO, Focusing on Cybersecurity and Enterprise Software while maturing the value of its MedTech portfolio Yaron Elad, who served as Elron’s CFO for the last decade and was instrumental in leading Elron’s shift to software investments over the past few years, was appointed CEO. Chairman of the Board, Eduardo Elsztain said, “Yaron’s appointment is a commitment to…

Fearing a Stagnating Cyber Ecosystem, Elron’s VP of Cyber Evaluate Israel’s Next Steps

As Israel’s cyber ecosystem continues into a new decade, it is facing a 33% decline in new startups alongside the increased global competition. “Nothing runs on its own without energy. We must fuel innovation, boldness, and ingenuity,” said Zohar Rozenberg, VP of Cyber Investments at Elron

Zohar Rozenberg, VP of Cyber Investments at Elron & RDC, spoke to Israel’s cyber startups, investors, and ecosystem drivers the last week at Cybertech Tel Aviv, one of the world’s largest cybersecurity conferences. As a leading player in Israel’s cybersecurity field for decades, Zohar has helped shape IDF cyber policy and guided some of today’s most promising startups to impressive exits, grabbing the attention of global technology giants.

The reality of a vibrant cyber ecosystem in Israel has taken decades of investment, planning, and a culture of rewarding bold innovation. This joint private and public venture of creating the world’s leading cyber hub has paid incredible dividends that are felt beyond the cyber-ecosystem. These same benefits that have brought international prestige and investment are beginning to show troubling signs of slowing down. Corporates competing over talent with entrepreneurial capabilities and decreasing incentives to innovate are dangerous for Israel’s relatively young ecosystem. “Markets saturate, power consolidates, and competition grows stronger,” said Zohar Rozenberg. “Nothing runs on its own without energy. We must tirelessly fuel innovation, boldness, and ingenuity without letting our guard down.”

While 2016 welcomed 60 new startups, 2019 brought only 40, a staggering 33% drop. Despite a robust local ecosystem, along with the presence of the critical mass needed to support it, Israel is in danger of losing the innovative edge that has made it a model of success. As more companies try to build on existing markets, investors have begun to favor rapid revenues over significant innovations.

The presence of global tech giants helps innovative entrepreneurs better understand corporates’ needs and how to build enterprise-grade solutions. Their development around Tel Aviv and the center is yet another pillar of the local cyber ecosystem. Talented individuals,  graduating from the IDF’s coveted 8200 unit, which has proven to be trained, capable, and market-ready, can choose whether to take the path of founders or joining a global corporate. It is in the interest of companies big and small to welcome their bold ideas, encouraging them to tackle tomorrow’s cyber challenges.

Tomorrow’s ingenious solutions are being concocted today. Fintech, Insurtech, automotive, and manufacturing are evolving, bringing with them new cybersecurity challenges. Israel has the talent, infrastructure, and global investment needed to usher in a new era of Israeli technological leadership. We must also focus on keeping the critical mass high, encouraging new businesses to form and feed the ecosystem that has become a beacon of innovation.

The Insurance Industry in Iran: A Thousand – and – One – Nights Story

What does the Insurance landscape look like in Iran? What is the current situation? That is what we are going to read about in this article. This first article provides a general picture of the insurance industry in Iran. I will provide a map of Insurtechs in the next article and more detailed information on the ecosystem, it’s opportunities and challenges. I…

HealthTech – Five Trends to Watch in 2020

1. Bridging Care with Technology: While common diseases occur commonly, we are all unique individuals. The explosion of wearable technology for health tracking and innovations will continue into this new decade, that improve health outcomes. At Care Bridge International, we scale or “bridge” care with technology to forecast medical exposure for claims. Our data analytics approach delivers lower overall claim costs and…

Being Smart About Your Smart Contract — Follow Up to “Being Secure About Your Security Token Offering”

Work With, Not Against, Your Regulators! Timing is everything! And now is the time that the digital asset and cryptocurrency space work with Global Regulators in order to widely adopt this emerging technology and ecosystem. These Regulators have issued a number of new statements, cautions, and taken actions, since we published our article on October 2nd, 2019, entitled “Being Secure About Your…

What Facebook’s Libra Association Can Learn from Existing Blockchain Consortia

It’s been an interesting summer for blockchain. We’ve seen Facebook’s Libra white paper launch, David Marcus testify in front of Congress on Libra’s behalf, Congress ask some interesting questions about the technology and regulators scrutinize Facebook’s use of it. Regardless of the responses by different parties, Facebook’s blockchain entrance via Libra, and the subsequent media and congressional reaction, created a buzz that…

Bringing Out the Best Ideas and Implementing them Expertly

Nam ut rutrum ex, venenatis sollicitudin urna. Aliquam erat volutpat. Integer eu ipsum sem. Ut bibendum lacus vestibulum maximus suscipit. Quisque vitae nibh iaculis neque blandit euismod. Maecenas sit amet purus eget ipsum elementum venenatis. Aenean maximus urna magna, quis rutrum mi semper non. Cras rhoncus elit non arcu hendrerit rhoncus. Pellentesque dignissim volutpat orci at interdum. In id ipsum volutpat. Creative…

Exploring the Market and Weighing the Potential of Your Company

Nam ut rutrum ex, venenatis sollicitudin urna. Aliquam erat volutpat. Integer eu ipsum sem. Ut bibendum lacus vestibulum maximus suscipit. Quisque vitae nibh iaculis neque blandit euismod. Maecenas sit amet purus eget ipsum elementum venenatis. Aenean maximus urna magna, quis rutrum mi semper non. Cras rhoncus elit non arcu hendrerit rhoncus. Pellentesque dignissim volutpat orci at interdum. In id ipsum volutpat. Creative…