from the December 2008 issue

Globes' most promising start-up of 2008: Amobee

The cellular advertising solutions developer won the prize at the 12th annual Journey Conference of Globes and Ernst & Young.

The Globes' most promising start-up 2008 is cellular advertising solutions developer Amobee Ltd. The company is managed by Zohar Levkovitz. Its investors inlcude Sequoia Capital Israel, Accel Partners, Cisco Systems, Globespan Capital Partners, Motorola Ventures, Telefonica, and Vodafone Group.

The award was announced at the 12th Annual Journey Conference of "Globes" and Ernst & Young Israel. InfoGin Ltd. was the runner up and Vascular Biogenics Ltd. was in third place.

"Globes" published the third edition of its annual high-tech magazine, "Blogs". "Blogs" picked ten promising start-ups as finalists and the ten most influential entrepreneurs whose influence is expected to continue through 2009.

"Blogs" includes in-depth interviews with top Israeli and foreign entrepreneurs, who discuss how the global crisis is affecting them and the industry as a whole. It also includes articles on the growing biotechnology and cleantech industries. There is also a survey with surprising responses to questions about what people really think about high-tech employees, and a special project about the gaming industry, which has an annual turnover of tens of billions of dollars.

The top ten most promising start-ups 2008-09:
InfoGin, which adapts websites to cellular screen formats; raised $28 million.

Vascular Biogenics is developing atherosclerosis and cancer treatments; raised $28 million. Altair Semiconductor Ltd., a fabless developer of mobile WiMAX chipsets; raised $48 million. N-Trig Ltd., which develops and makes advanced touch screens; raised $52 million.

Payoneer Inc., a provider of online prepaid credit cards; raised $14 million. Aternity Inc., a developer of PC performance monitoring solutions; raised $13 million.

Dune Networks Ltd., a fabless semiconductor supplier of networking devices; raised $54 million. Israeli solar company 3GSolar to go public in Canada

Cost is only one advantage to replacing silicon; another is that there may be limited quantities of silicon left, and the high-energy process of working with the substance is not necessarily "green." Goldstein has suggested that his technology could be ideal for providing electricity to places that currently have none, such as Third World countries.

Reprinted from the Israel High-Tech & Investment Report December 2008

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