Monday, August 5, 2002 Issue 7   VOLUME 1 ISSUE 7  
CONTENTS
View from the top….
Virginia announces VITAL Summit Dates: October 16-17, 2002
Focus On: Luna Technologies
Focus On: Globecom Interactive
Dr. Ben-Dak Named Chairman of VITAL Summit Selection Committee


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….
If “timing is everything”, why would I go to Israel now?
by Ralph Robbins

Ralph Robbins, Executive Director

At least, that’s what everyone keeps asking me. I’m going to Israel along with a dedicated delegation from Virginia to meet with potential VITAL candidates. (We’ll be in Israel from Aug 13 – 21). But that doesn’t really answer the question of “why now?” After all, practically nobody else is going now.

And that’s exactly the point! Our program (VITAL = Virginia Israel Tech Alliance) is seeking the best young, post startup Israeli companies that want to expand to the US. And luckily for us, very few others are racing off to Israeli right now. We’ll be talking to Israeli companies as part of the decision process for inclusion in the October 16-17 VITAL Conference to be held in Blacksburg and Roanoke, Virginia.


If you would like to meet with the Virginia delegation while we’re in Israel, please write to: sela@VitalVa.com

[Click Here for Full Story]
 
Virginia announces VITAL Summit Dates: October 16-17, 2002
Focus: Business opportunities VA & Israel companies
by Fred Diamond & Debbie Masters

Virginia Tech announced that the first “VITAL Business Development Summit,” a joint venture between the Virginia Tech Corporate Research Center (VTCRC) and the VIAB, will take place in Virginia on October 16-17, 2002. According to Ralph Robbins, Executive Director for the VIAB and co-director of VITAL, the new date will allow a delegation from Virginia to visit Israel In August to continue the selection process for the VITAL program. 

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

TRACK ONE – October 16-17: 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 – October 17: for Virginia companies who wish to do business with Israelis
Hotel Roanoke & Conference Center, Roanoke, VA

The workshop will feature interactive presentations by leading Israeli business experts.  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 experts
    [Click Here for Full Story]
     
Focus On: Luna Technologies
Success at Virginia Tech Corporate Research Center...home of VITAL
by Fred Diamond

Luna Technologies CEO Doug Juanarena LUNA Technologies, Inc. is one of the Virginia Tech Corporate Research Center’s (VTCRC) success stories. It completed a $10M "A" round of funding, led by Columbia Capital of Alexandria, Virginia, in December 2000 and is looking to complete a “B” round later this fall. The 30-person company manufactures optical test instruments incorporating new and revolutionary photonics technology based on interferometric measurement research done at NASA by Luna Technologies' CTO, Dr. Mark Froggatt.

"Israeli companies would be well served to consider the VTCRC [home of VITAL] as its entry point into the US market" Doug Juanarena, CEO
The company sells its products to fiber optic component manufacturers and systems developers. CEO Doug Juanarena says the implementation of new technologies results in substantial cost and time savings in development and production.

[Click Here for Full Story]
 
Focus On: Globecom Interactive
Software Company Helps Customers “Repurpose without Reprogramming”
by Fred Diamond

Globecom Interactive is doing what most young companies aren't doing...it's making money after a year in the market.  It's a simple formula: in-store tests have proven their new generation of software saves programming time, saves money and increases sales of consumer products.  The result: from the beginning, Globecom went after blue chip customers.  

Home Depot, General Electric, 3M, and Honeywell all use the company’s family of software products and services to manage and update their customer communications vehicles.   According to Tamir Melamed, CEO of Globecom, "our software lets companies save money and time by 'repurposing without reprogramming'.”  In other words, from a single production cycle, all interactive demos, web sites, training manuals, and in-store point-of-sale merchandising kiosks utilize the same information repurposed to meet the different presentation requirements. It’s an approach that saves companies up to 90 percent and helps them become much more efficient.

[Click Here for Full Story]
 
Dr. Ben-Dak Named Chairman of VITAL Summit Selection Committee
Pre-selection process continues in Israel from Aug. 13-20

Professor Ben Dak, Chairman of Selection Committee, VITAL Co-Director’s of the VITAL, Joe Meredith Ph.D. and Ralph Robbins, announced today that Professor Yossi Ben Dak Ph. D, will be the Chairman of the Selection Committee.   The committee is responsible for review and decide which Israeli companies will be invited to the Summit on October 17 to make presentations to a group of Venture Capital Firms and other institutions as part of the VITAL program for expansion into the US market.  According to Ben-Dak, “our preselection process will assure a quality, meaningful and productive Summit for the VC’s that will participate.”

According to Mr. Robbins, “Professor Yossi Ben Dak possesses a unique combination of experience that will assist the selection committee in identifying the best possible candidates with the best chance of succeeding in the Virginia program.”  Ben Dak is the Chief Scientist and the Executive Vice President of Xybernaut, the world leader in wearable computers where he oversees many of the company’s more than 750 patents and licensing agreements, and it’s international strategic alliances. He has also been the principal advisor, Science and Technology, United Nations Development Program. In the 1990’s, he was a consultant for Russia and China conversion projects. He was an AAAS Fellow, a Professor in various international universities and an inventor of numerous instruments in project evaluation and IP valuation.
 

Brought to you by:

Virginia-Israel
Advisory Board
Office of the Governor

Partners







VITAL IN THE NEWS

Globes: Israeli Press
Virginia-Israel Technology Alliance gets underway
by Ran Dagoni, July 30, 2002

The Roanoke Times
15 Israeli companies might soon be at Tech

by Paul Dellinger, July 25, 2002

ARCHIVE
Issue 6 - VITAL Launch
June 26, 2002
Vol. 1 Issue 6
Issue 3
May 15, 2002
Vol. 1 Issue 3
E-Mail Alert
March 22, 2002
Vol. 1 Issue 3
Issue 2
March 18, 2002
Vol. 1
Issue 1
February 13, 2002
Vol. 1 Issue 1
 
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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