Wednesday, June 26, 2002 Issue 6 - VITAL Launch   VOLUME 1 ISSUE 6  
CONTENTS
View From the Top
Two Tracks Announced for VITAL Business Development Summit:
Q&A with Virginia Secretary of Commerce & Trade, Michael Schewel
Waiting For The Next ICQ?
Securing Funding for Projects


ISRAELI companies
interested in participating in the VITAL Business Development Summit at Virginia Tech should contact:

Dates:
October 16-17, 2002
Virginia Tech Corporate Research Center
Blacksburg, Virginia

VITAL ISRAEL Representative:
Rafi Sela
972-4-957-5828
Sela@VitalVa.com

USA
Ralph Robbins
1-703-481-7494
robbins@vitalva.com


VIRGINIA companies
interested in participating in the VITAL Business Development Workshop in Roanoke should contact:

Dates:
October 17, 2002
Hotel Roanoke
Roanoke, Virginia


VITAL Co-Directors:
Ralph Robbins
1-703-481-7494
robbins@vitalva.com

Joe Meredith
1-540-961-3600 ext. 2013
meredith@vitalva.com


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VIAB’s Mission

-Promote Partnerships and Opportunities Between Companies in Virginia and Israel

-Help Maximize the Nearly 40 Incentives for Israeli Companies to do Business in Virginia

-Facilitate High-Level Connections Throughout Virginia and the Washington, D.C. Area

-Help Ensure an Israeli Company’s Success Once it is Established in Virginia

-Act as a Critical Interface for Israeli Companies with State and Local Officials

View From the Top
In Search of the Next ICQ
by Ralph Robbins

Ralph Robbins, Executive Director

Typically the anecdotes in my “View from the Top” article are directed both to Virginia and Israeli readers. This time, however, I’m speaking to Virginia companies, since Israelis are already well aware of what I’m about to share.

While exporting business opportunities to Israel still exist, Virginia companies can get involved with even larger prospects by partnering with new emerging technologies that are sometimes hidden within Israel’s technology crevices. In fact, Israel is a gold mine of new technologies.  The big questions you're probably asking yourself: Where are these opportunities? How do we go about finding them? How can I evaluate their impact on my business? Are these really significant opportunities? The best way is to answer these questions is through an example...
[Click Here for Full Story]
 

Two Tracks Announced for VITAL Business Development Summit:
Virginia's Secretary of Commerce, Michael Schewel to Speak

Virginia Tech’s Corporate Research Center (VTCRC) and the VIAB have joined forces to launch the Virginia-Israel Technology Alliance – or VITAL – a new program dedicated to commercializing Israeli technology in the US. The program is hosting the "VITAL Business Development Summit" for Virginia and Israeli companies August 19-21 to be held in Southwest Virginia.

TRACK ONE – AUGUST 19-21: for Israeli companies seeking to expand their businesses to the U.S.
Virginia Tech Corporate Research Center, Blacksburg, VA

This track caters to a group of 15 Israeli companies who have been pre-selected to present their business models to influential venture capitalists and hold intensive discussions with the executives from the Virginia Tech Corporate Research Center.

TRACK TWO – AUGUST 20: for Virginia companies who wish to do business with Israelis
Hotel Roanoke & Conference Center, Roanoke, VA

The workshop will feature interactive presentations by leading international business visionaries with vast experience in working with Israeli companies. Topics of discussion will include:

  • Emerging markets in Israel
  • R&D opportunities for Virginia and Israeli partnerships
  • Overview of Israel’s economic structure
  • Identifying business opportunities in Internet technology, telecommunications, biotechnology and more
  • Role of the Israeli government in business development
  • How to succeed in negotiations: Cross-cultural communication
  • How to conduct business with Israeli companies
  • 1-on-1 consultation with Israeli business leaders
    [Click Here for Full Story]
     
Q&A with Virginia Secretary of Commerce & Trade, Michael Schewel
Virginia and Israel's Strengthening Ties
by Alisa Valudes

Michael Schewel, Secretary of Commerce & Trade, Commonwealth of Virginia

The Virginia-Israel Alliance newsletter recently conducted an exclusive interview with Virginia Secretary of Commerce and Trade Michael Schewel to get his thoughts on the opportunity he sees to build stronger ties between Virginia and Israel. As one of the primary architects of the VITAL program, Secretary Schewel is excited about the tremendous possibilities this program can bring to the Commonwealth of Virginia today and in the future...
[Click Here for Full Story]
 

Waiting For The Next ICQ?
It Can Happen Again, Says Mirabilis Founder Yossi Vardi
by Ben Merritt

Yossi Vardi, creator of ICQ

Joseph (Yossi) Vardi is the founding investor and former chairman of Mirabilis Ltd., the creator of ICQ, one of the most wildly successful Internet products ever. In 1998, Vardi sold Mirabilis to AOL for a reported $400 million. Today, Vardi is president of International Technologies Ventures, a private venture capital enterprise investing in high-tech companies, including software, telecommunications, electro-optical, energy, the environment and other areas.

In an exclusive interview, the Virginia-Israel Alliance newsletter had a chance to talk to Vardi and hear his views on a myriad of issues, including the state of technology, what the future holds, and where the next ICQ may come from. Although he still believes in his famous quote, "revenues are a distraction," Vardi still holds dear to the belief that great companies are built by great people, who have the passion and the vision to bring wonderful new products to the masses...
[Click Here for Full Story]
 

Securing Funding for Projects
Entrée into Virginia Funding and Commerce – Seeking out Financial Support
by Debra Masters

Dov Hirshberg, executive director of BIRD Foundation

All too often, cutting edge ideas that could change and improve our daily lives fall to the wayside, merely because the brains behind these inventions are unaware of financing opportunities.  Or perhaps they lack the direction necessary to launch the plans from blueprint to the production line. It’s an unfortunate pitfall, but there is hope. Numerous programs and organizations throughout both the U.S. and Israel strive to promote solid business relationships. Virginia and Israel’s similar ties to technology and commerce have become a natural fit, so program coordinators are increasingly seeking out creative new ideas that will help young entrepreneurs transform their dreams to a reality and market these ideas on an international scale.

This article profiles the BIRD Foundation and NIST, two organizations that are committed to the financial implementation of technology and commerce throughout Israel and Virginia…
[Click Here for Full Story]
 

Brought to you by:

Virginia-Israel
Advisory Board
Office of the Governor

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For more info on the Virginia-Israel Advisory Board, visit www.viab.org or contact Ralph Robbins at robbins@viab.org or (703) 481-7494.
Published by Virginia-Israel Advisory Board
Copyright © 2002 Virginia Israel Advisory Board, Office of the Governor. All rights reserved.
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