Court gives gov’t 15 days to respond to gas exports petition

The High Court of Justice yesterday gave the government 15 days to respond to a petition submitted by four groups that object to Sunday’s cabinet decision on natural gas exports. The petitioners include the College of Law and Business, the Israel Energy Forum, the Yisrael Yekara Li ‏(“Israel Is Dear to Me”‏) movement and the Calcala Bat-Kaima ‏(“Sustainable Economy”‏) organization, along with Knesset members Shelly Yacimovich and Avishay Braverman ‏(Labor‏), Reuven Rivlin ‏(Likud‏) and Moshe Gafni ‏(United Torah Judaism‏). They claim that the cabinet lacks the authority to adopt the Tzemach Committee’s recommendations on gas exports as official policy and that the Knesset must approve it. ‏(Avi Bar-Eli‏)

Startup accelerator Elevator raises $10 million from private, Chinese backers

Startup accelerator Elevator is ramping up its activity, having raised $10 million last week from a group of private investors and Chinese institutions. Elevator, founded by Ori Glezer and Tom Bronfeld, plans to use the new money to invest $250,000 each in about 20 new startups a year. The accelerator, focusing on companies at the earliest stages of development with products aimed at global markets, provides a basket of services that include shared work space, a four-month mentoring program, a $20,000 investment and cloud-based services provided by Amazon worth $10,000, in exchange for 10% of the company’s shares. The program has so far recruited 13 participating startups. ‏(Orr Hirschauge and Inbal Orpaz‏)