Quantum Hub
Deal Flow Report
November 2022
Dear Partners,
We are happy to share the October 2022 deal flow report
You will find 4 sections in the report - Ecosystem News, Quantum Hub News, PoC use-case and Full Dealflow report.
As always, we would appreciate any feedback and questions on the focus areas and reviewed companies.
Ecosystem News gives a glimpse of interesting events/ announcements/ investments information related to the Israeli tech ecosystem.
Quantum Hub News shares interesting news related to Quantum activities.
PoC Use-Case presents one example of many PoC's we execute with our partners.
This month, the full deal flow is the list of companies that are nominated to our Spark #5 program.
Ecosystem News
Israel to test self-driving public bus systems in two-year national pilot
The Israel Innovation Authority (IIA) said Sunday that four consortiums were selected to carry out the trial across the country, starting with the first phase of operating and testing in secured, closed sites and then progressing to autonomous bus lines on public roads, at an increasing range over the two-year period.
The four groups in the public transportation pilots are the two major Israeli bus operators, Egged (with the largest intercity routes) and Dan (only in the Gush Dan area); and a pair of smaller operators, Metropoline (which provides bus routes in southern Israel, to and from Tel Aviv and Beersheba, and in and between cities in the Sharon region) and the Nazareth-based Nateev Express, which operates routes across the Upper Galilee in the north.
These four transport companies will partner with their respective groups of startups and organizations based in Israel, France, Turkey, Norway, and the US.
The project will allow authorities to map the infrastructure required to operate an autonomous public transport system and test the business aspects of such an undertaking, the IIA said. Groups that successfully implement and complete the two-year pilot will be offered contracts to expand their services in Israel.
5 Israeli universities feature among top 50 producers of entrepreneurs
Five Israeli universities were listed in the top half of the 100 undergraduate programs that produce the most VC-backed entrepreneurs, including Tel Aviv University, which ranked in the top 10 for the fifth consecutive year.
The rankings tracked founders of companies that received a first round of venture funding between January 1, 2012, and October 21, 2022, and processed educational data on more than 140,000 founders. All rankings are based on data solely within that timeframe,
In the ranking for undergraduate programs, Tel Aviv University came in at 7th place, ; the Technion-Israel Institute of Technology dropped to 15th place, the Hebrew University of Jerusalem held its spot at No. 31 for the second consecutive year; Reichman University was a newcomer to this list, ranking in 38th place, and Ben-Gurion University of the Negev dropped to the 45th spot.
Stanford University, University of California, Berkeley, and Harvard University nabbed first, second and third place respectively, and Massachusetts Institute of Technology (MIT) and University of Pennsylvania rounded out the top five — all keeping their respective ranks from 2021.
Quantum Hub News
Quantum ESG Workshop
This month, we had a designated ESG (Environmental, Social and Governance) workshop together with our partners from Hyundai CRADLE as part of our preparation for the 5th SPARK program.
The workshop was delivered by Hagit Genish Gill, Head of ESG at BAZAN Group Oil Refineries.
Businesses have impacts across a range of environmental, social, and governance (ESG) criteria which can either positively or negatively affect other people. This is why having strong ESG performance can create value across a company’s operations.
ESG value creation is not a direct transactional process like making a sale, but it does bring lasting and even measurable benefits to businesses. This is why more and more companies are measuring, reporting, and improving their ESG criteria actions.
ESG criteria have become the secret sauce investors turn to for creating a sustainable investment portfolio.
On this upcoming SPARK program, we will focus on making sure cross the startups selected are up to speed with ESG criteria
Quantum at Climate Solutions Festival 2022
This month the Quantum team participated in the Climate solution festival, a joint initiative by JNF Canada, Start-Up Nation Central, and KKL-JNF .
The initiative a gathered government, business, and non-profit organizations dedicated to driving innovation in the climate-tech ecosystem.
+500 industry leaders and +30 global speakers arrived at the festival, held in the Hulda Forest in central Israel, and took part in the large-scale global summit and startup expo with live pitches and innovation village
Quantum SPARK #5 program
We are happy to launch the fifth batch of our Quantum SPARK PoC Runway program!
SPARK is our flagship 13-week PoC runway program, focused on Automotive, Industry 4.0, Energy, and Logistics solutions for our partners - Taavura Livnat Group,VDL Groep, Talcar (Kia Israel), Hyundai, and Bazan.
In this cohort, we will focus on providing high-quality business collaborations with our partners while ensuring cross-industry companies are up to speed with ESG criteria. Startups that have a potential use case with our partners will be invited to our screening process.
In this report, we are happy to share the full list of 49 startups that our team scouted and screened initially, out of hundreds of companies in the Israeli ecosystem >>>
Quantum Hub PoC Use Case
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The Situation
Today accidents cause a great deal of downtime at factories and logistics centers.
Over 30% of accidents caused by Human-Vehicle interaction.
What we did
Maman logistic terminal was chosen for a PoC.
The project was divide for four parts:
1. Installing ArmourBox on site, running. machine vision models on
data streams.
2.Installing live video streams interface,
displaying. heatmaps, risk levels, and accident probabilities
3.Installing sirens in pilot area. Signaling a high risk of collision by activating sirens.
Management dashboard: driving routs, speed, risk levels and near misses.
4.Installing sirens on forklifts.
Providing real time risk alerts to drivers.
Expected Results
The system should be with an accuracy of 90% regarding sirens in pilot area. Signalling a high risk of collision and with 95% accuracy of signalling forklifts drivers from collision.
ArmourSense
ArmourSense is focused on identifying and predicting safety risks through the use of computer vision and artificial intelligence. In order to prevent accidents in real time, ArmourSense triggers voice and light alerts on the relevant production floor and surrounding areas as well as on any vehicles and machines involved. ArmourSense also provides managers with live safety heatmaps, reports, and updates regarding risk detection and accident prevention
