Israeli Startup BrainQ Tapped for Google AI Program

TechNation: HP in talks to repatriate Indigo to Israel

Google headquarters in Brussels, Belgium.
Virginia Mayo/AP

BrainQ tapped for Google’s AI program

Israeli startup BrainQ Technologies has been chosen to participate in Google’s prestigious artificial intelligence development program in San Francisco. Four startups from around the world have been chosen to participate. BrainQ is working on a product designed to enable paralyzed patients to walk. BrainQ’s technology uses a combination of artificial intelligence and medical equipment, and is designed for patients who have suffered strokes, spinal cord injuries or head injuries. The goal of the treatment is to enable the patients to regain independent motor control. Using equipment that responds to patients’ electronic brain signals, BrainQ employs machine learning to create a personalized rehabilitation plan. Google’s program, Launchpad Studio, seeks out artificial intelligence companies in the medical field. The program, which lasts for six months in the company’s San Francisco offices, offers participants access to Google’s resources, and mentorship from Google’s head of research, Peter Norvig. BrainQ launched in 2016 and has 10 employees, and is currently developing its product and carrying out clinical trials in Israel. (Israel Fisher) 

HP in talks to repatriate Indigo to Israel

HP is in talks with Israel’s government to bring some of the intellectual property of its digital printing department Indigo back to Israel, and is seeking tax benefits. Indigo, originally an Israel company, transferred its intellectual property abroad after its 2001 sale to HP. HP has been negotiating with the Finance Ministry and the Israel Tax Authority over the intellectual property of Indigo’s research and development division, in keeping with the reduced taxes offered to high-tech companies in the 2017-2018 Economic Arrangements Law. Indigo is managed in Israel and employs some 2,500 workers here. It has sales of more than $1 billion a year. If Indigo does indeed bring its intellectual property back into Israel, it will pay 6% tax on profits from those operations and 4% tax on dividends. Currently the company pays no tax on its revenues from research and development. (Eliran Rubin and Hagai Amit)