Tech Nation

Send in e-mailSend in e-mail
Send in e-mailSend in e-mail

Tech salaries, job openings slower this year

Salaries for newly hired employees and job openings in high-tech and biotechnology have slowed this year as industry optimism prompted by the near-$1 billion sale of Waze to Google wears thin, the technology employment firm Ethosia said in a report last week. Figures for the year up to the middle of March showed that salary offers were up 1% from a year earlier, slowing from 1.6% in first-quarter 2013 and 4% year-on-year increase over all of last year. In biotech, salary offers were down 2% from a year ago. But Ethosia said the industry may get another dose of optimism after the $900 million sale of the startup Viber in February by Rakuten, one of Japan’s largest Internet companies. Hiring slowed to from growth off 11% in 2013 to 2% in the first weeks of 2014. (TheMarker Staff)

Axel Springer inviting Israeli startups to Berlin

The German media company Axel Springer, whose holdings include the best-selling German daily Bild and Die Welt, will invite anywhere between three and five Israeli startups to join its three-month Plug&Play initiative in Berlin starting in July. Each startup chosen will receive a 25,000-euro (about $18,000) grant to fund its stay in the German capital in exchange for a 5% stake. They will get mentoring and meetings with angel investors and German venture capital funds. Tel Aviv University’s StartTAU will be sponsoring the competition in Israel, with candidates making their presentations in May. (TheMarker Staff)

Tyto Care raises $4m from two venture funds

Tyto Care, which is making a device to let physicians make diagnoses over the Internet, raised $4 million from the U.S. venture capital fund OrbiMed and Israel’s LionBird, the financial daily Calcalist reported yesterday. The Netanya-based startup has developed a handheld device that enables the patient to collect information on the throat, ear, heart, lungs, skin, eyes and temperature for self-examination or to transmit data to a doctor. The company was founded by Gilad and OferTazdik and is chaired by Eli Ofer, former Economy Ministry chief scientist. (TheMarker Staff) 

Google's new Tel Aviv offices.Credit: Itay Sikolski