TechNation: Salaries at Israeli Startups Jumped 32% Between 2010 and 2015

Crossense is Nielsen Innovate incubator’s first exit; Partner to launch TV service next year.

An employee works at a laptop computer at the Jerusalem Venture Partners JVP Media Labs, situated in the JVP Media Quarter in Jerusalem, Israel, on Wednesday, Oct. 21 , 2015.
A high-tech worker in Jerusalem.Credit: Bloomberg

Salaries at startups jumped 32% between 2010 and 2015

From 2010 to 2015, wages at Israeli startups rose by 32%, preliminary figures from the Central Bureau of Statistics revealed earlier this week. The data are part of a new database that the statistics bureau has created to monitor developments in Israel’s startup sector. Among startups with no more than 10 employees, the average annual salary last year was 211,000 shekels ($55,900). In companies with between 20 and five employees, it was 267,000 shekels a year, but among companies with more than 50 employees, it was slightly lower, at 260,000 shekels, the statistics bureau said. The data relate to companies that have had tax and National Insurance Institute files for no more than six years. There are many startups, it should be noted, that are just being set up and are not yet registered with the authorities. (Eliran Rubin)

Crossense is Nielsen Innovate incubator’s first exit

Nielsen Innovate, the Caesarea-based early-stage tech incubator, has chalked up its first exit by one of its startup graduates with the sale of Crossense, which specializes in digital usage monitoring, to the major online Paris-based opinion research firm Toluna. Crossense developed technology that monitors consumer behavior on the internet, including music and videos, advertising exposure and online purchasing habits. The companies did not disclose the price tag for Crossense, but it is thought to be a few million dollars, about 70% of which will be going to the company’s three founders. The company was founded in the second half of last year by three graduates of the IDF’s Unit 8200 who also studied computer sciences together at the Interdisciplinary Center in Herzliya. With the sale, the company’s staff of 10 will be working out of Toluna’s R&D center in Haifa. Nielsen Innnovate noted that the founders will be getting a handsome return on their investment in a period of just a year. (Ruti Levy)

Partner to launch TV service next year

Partner Communications, the cellular service provider, has announced that it will become a provider of television programming similar to Netflix as of the first half of next year. In a filing with the Tel Aviv Stock Exchange, the company said final preparations are now underway, as Partner negotiates with various programming providers. Access to the broadcasts will not require a transformer. Partner delayed the launch of its television service in part over an unsuccessful bid to secure broadcast rights to Israel Premier League soccer games at 150 million shekels ($39.8 million) per year. The Israeli broadcast television market is dominated by Hot, the cable service provider, and Yes, the satellite television firm. Israeli consumers pay relatively high rates for the television programming in comparison to prevailing rates around the world. (Amitai Ziv)

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