Israeli Start-Ups Take Top Prizes in Prestigious China Start-Up Event
For the second year in a row, Israeli start-ups took top honors this week in one of the top start-up events in the world. NiNiSpeech — which has developed a revolutionary digital platform for treating speech disorders — took first place in the Global Innovation Awards 2016, a global start-up competition featuring 21 start-ups from around the world competing for $1.5 million in cash prizes, with no equity. And AerialGuard — which has created an autonomous navigation system for unmanned aircraft — won second place.
Israeli App Making Millions off Old Photos
An Israeli app has managed to near the top of the paid iPhone app list and take in millions of dollars. Photomyne, a startup in Bnei Brak, developed an app to scan old photos from albums and digitalize them for smartphone users. Photomyne was founded a year and a half ago by Nir Tsemah (the CEO), who was one of the founders of LabPixies, which Google acquired in 2010; Omer Shor, who previously made an app to process photos; Natalie Verter, formerly a user-experience designer at HP, and Yair Segalovitz, who comes from the field of finance and business development. In addition to them, the company employs eight employees in Bnei Brak, close to the Ayalon Mall.