Jerusalem Global Ventures - Shlomo Kalish, was awarded  “Entrepreneur of the Year” at the “Virginia Israel Technology Trade Summit 2001”  held in Northern Virginia.  According to Kalish, “this Summit opened my eyes to the possibilities and highly developed internet infrastructure of the area.  Now I realize that Northern Virginia/Washington has to be added to the other two areas, Silicon Valley and Boston, when you talk about the top technology areas in the US”. 

Jerusalem Global Ventures was founded by Dr. Shlomo Kalish, one of Israel's most successful venture capitalists, JG Ventures is a $200 million group of seed-focused venture funds that invests in or initiates Israeli and Israel-related hi-tech companies:

CommLaunch - communications infrastructure technology, wireless data, optical systems and components;

NetLaunch - communication enabling software technology;

InnoMed - medical and life sciences

For more information about attending the JGV Annual Meeting, please email Joel Weiss , Chief Operating Officer, Jerusalem Global Ventures.

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Redux Communications ,  based in McLean, Virginia and Modiin, Israel -- recently announced the closing of its second institutional round of finance in the amount of $6 million from Partech International, Genesis Partners and Giza Venture Capital Funds. Redux’s first round in June 2000 was $5 million. The company develops chip-based technology for Internet traffic processing at the user side of the access link.

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“The Israel High-Tech Conference 2002 – Venture Capital - Engine of Growth” - To be held in Tel Aviv on April 13-15, 2002.  The Conference will bring together industry leaders in Venture Capital, finance and technology and will showcase the latest technological innovations of the Israeli start-up community.

The conference program is designed to examine the changes in the industry and the subsequent impact this has had on the new playing fields as well as the growing importance of the venture investors’ role. Over 500 leaders of the high-tech and VC industries from Israel and abroad will be participating in the conference.

According Zeev Holtzman, Chairman & CEO of Giza Venture Capital, “This conference offers a great opportunity to strengthen connections with foreign investors and to bring them together with major players and leading technologies of the future. That is our chance to personally introduce them to the huge potential latent in the Israeli business and hi-tech industry.”

For more information, email Mr. Etan Hilman, Executive Director of the Israel Venture Association.