Last month, I discussed important lessons that entrepreneurs around the world can learn from Israeli startups. Now I'd like to tell you about 10 innovative Israeli startups that you are likely to encounter in the near future. This list was compiled from my discussions with Hillel Fuld and others who follow the Israeli startup scene. Please note that I have specifically avoided including any information-security related businesses in this list as I'll be covering innovative cybersecurity firms in a future piece.
1. Consumer Physics--The Scio device made by Consumer Physics is a pocket molecular scanner. It tells you what objects are made out of. The potential for such a device is tremendous: People can obtain nutritional information about food, determine the health of their plants, identify medications, analyze nutritional supplements, etc., simply by scanning the items with the Scio.
2. Curiyo--Curiyo lets you search and follow news by topic rather than by person, something quite valuable when one considers that people typically are far more interested in specific topics than in the particular people who share information on them. We see this socially as well: People far more often connect through joint interests rather than through common interest in the people discussing those interests.
3. CurrencyTransfer.com--CurrencyTransfer.com is a marketplace for international money transfers, almost like an Expedia for foreign exchange. It allows individuals and businesses to search for, and book, the best exchange rate and fees for making a currency transfer to another country, often saving money versus bank rates and fees. Transfers must be at least $5000; the site claims to have processed more than $40 million of transfers in the United Kingdom, Eurozone, and Israel in its first year.
4. Fitness22--This series of apps serves as a replacement for a personal trainer. For example, one of its popular apps trains people for 5K races. At a few dollars each, Fitness22's apps are becoming increasingly popular as extremely inexpensive alternatives to human trainers.
5. Propcy--Propcy uses a proprietary search and discovery algorithm to help match real estate investors with properties fitting their investment criteria. By automating the process of sifting through large amounts of property-related data, the firm can save investors significant time, and can eliminate for many people the need to speak with local agents until later on in the sales process. The firm currently covers the New York City market, and is expanding to several others.
6. Start a Fire--When you share via social media, Start a Fire adds a note to the article that it was you who shared it, as well as lets you track how many people see it, thereby overlaying attribution and analytics capabilities onto social sharing.
7. TestFairy--TestFairy allows people to have their apps tested with video that shows exactly what was done during the test and, if something went amiss, what went wrong. The system also shows information related to CPU and memory usage, network and GPS information, and other technical details.
8. UMoove--This eye and facial-movement tracking app promises to increase your concentration, and could potentially help diagnose various diseases with just a smartphone.
9. WalkMe--This platform provides real-time help in the form of step-by-step instructions for people using websites. Since launching the platform in April 2012, the firm has gained nearly 1,000 enterprise customers and has grown to 200 employees in five offices.
10. Zuta Labs--Its flagship product, expected to hit the market in 2016, is a miniature printer-robot that can be carried with you and allows you to print anywhere. The device prints by literally walking around a piece of paper and printing words where they go. Zuta raised half a million dollars on Kickstarter, and has since also received funding from venture capital firms.
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