Biotech companies in Israel are announcing layoffs. Global financial woes will no doubt filter through to the clean tech industry as well.
Atlantium, when I covered the company for ISRAEL21c last year they seemed so hopeful about the future… has also announced layoffs recently. Fifteen people were let go.
CEO Ilan Wilf said in Globes, “The company continues to march forward and has made significant achievements, but it must adapt to the challenges of the times so that we can deal with the business environment.”
Where’s the cleantech market headed and how with this affect development in Israel and the Middle East?
Maybe it’s just time to scale-down, separate the wheat from the chaff, and invest in and push forward companies with a clear and advanced business model.
Cleantech startup hopefuls, academics, and investors may find Ernst&Young’s GreenEconomy Conference this November 20-21 at the Hilton Hotel in Tel Aviv to be useful for understanding where business focus should be headed in this turbulent time.
According to event organizer CleanIsrael, which offers a 15% discount to members of the group (free to join), the conference will feature multi-national cleantech companies, including GE’s EcoMagination, Plug Power, BP Alternative Energy, Virgin Green Fund and the Cleantech Group as well as local cleantech investment leaders Israel Cleantech Ventures, Terra Venture Partners, AquAgro and others.




College students don’t usually need a justifiable reason for studying abroad. And study abroad in Israel? There’s the sun, the beach, the good food, the beautiful people… all very educational, of course. But for those students who are looking for a justifiable reason (at least one they can tell their undergraduate advisors or parents), how about a study abroad program with a conscience?