AmplioSpeech, RADA USA and NAYAX are the 3 Israeli companies with headquarters in Maryland ranked as the fastest growing Israeli companies. Read more>>>.
Congratulations to Nayax on their exciting news. Nayax’s U.S. headquarters is in Hunt Valley, Maryland. Read more about Nayax from Yahoo News.
“We are thrilled to be dual listing on the Nasdaq Stock Exchange, enabling Nayax to increase shareholder value with enhanced liquidity, while offering an exciting and integral opportunity to expand our shareholder base across the globe. As Nayax continues to execute on one of its key growth strategies to expand its global footprint, this dual listing is a strategic move that reflects our commitment to technology innovation and relentless focus in extending our market leadership worldwide,” said Yair Nechmad, CEO of Nayax.
In recognition of this significant milestone, Nayax will host a Capital Markets Day at the Nasdaq Stock Exchange in New York City, on September 21, beginning with a lunch reception at 12:30 pm Eastern Time, followed by presentations beginning at 1:00 pm Eastern Time and concluding at 2:00 pm Eastern Time. Co-founder and Chief Executive Officer, Yair Nechmad will provide an overview of Nayax’s strategy and vision, and Sagit Manor, Chief Financial Officer will discuss Nayax’s business model.
Nayax is a global commerce enablement and payment platform designed to improve retailers’ revenue and operational efficiency. Nayax offers a complete solution including localized cashless payment acceptance, a management suite, and consumer engagement tools, enabling merchants to conduct commerce anytime, anywhere. With global experience in serving the unattended retail industry, Nayax has transformed into a comprehensive solution focused on our customers’ growth across multiple verticals. Today, Nayax has 9 global offices, over 800 employees, connections to more than 80 merchant acquirers, payment method integrations and is a recognized payment facilitator worldwide. Nayax’s vision is to redefine commerce to benefit communities around the world, please visit www.nayax.com to learn more.
20/20 GeneSystems is a clinical laboratory testing company in Rockville, Maryland known for their innovative bio-testing, COVID, and cancer diagnostic tools. IDenta Corporation of Jerusalem manufactures and markets on the spot field kits for the identification of illegal drugs, explosives, and other forensics. The two companies recently announced a collaboration after realizing they both share a similar customer base.
Role of the MIDC
After learning about Israeli company IDenta, Barry Bogage, MIDC’s recently retired Executive Director, learned that IDenta manufactures testing kits for illegal drugs and explosive and thought that perhaps an introduction to Maryland Company 20/20 GeneSystems could lead to something. Barry made the introductions and MIDC’s new Executive Director David Speer, will continue to work with these companies as well as encourage other Maryland/Israel companies to create partnerships.
What each company manufactures
One of 20/20 GeneSystems products is the BioCheck Power Screeding Test Kit that tests for suspicious powders like anthrax or other bioterror agents. The kits are used extensively by police and fire departments and agencies including Homeland Security. IDenta Corp. has a wide range of products for identifying a variety of drugs and explosives by using a simple color reaction. IDenta’s products are also used by defense, law enforcement, airports, customs, prisons, border control and more. Both companies recognized an opportunity to collaborate with an overlapping customer base.
20/20 GeneSystems and IDenta Collaboration
After a few months of conversation both companies agreed that the MIDC introduction would prove to be invaluable. Two months ago, the companies signed an exclusive North America distribution agreement for U.S. and Canada. Jonathan Cohen, CEO & President of 20/20 GeneSystems said, “this is the right product at the right time as the pandemic witnessed a skyrocketing of drug related and substance abuse incidents.”
IDenta produces “COLORIMETRIC” detection kits to identify on spot, potentially illegal powder or substances (heroin, crack, opiates, fentanyl, etc). The color kit will provide immediate results if in fact any of these substances prove to be illegal. 20/20 GeneSystems will distribute and market the kits. The collaboration also plans to target direct consumers like parents and schools. Amichai Glattstein, CEO, IDenta, stated, “working jointly with 20/20 GeneSystems will significantly expand the customer base as well as our R&D potential. We feel that the expansion will allow both companies to broaden their customer base and break into more markets using IDenta’s revolutionary technological innovation.” Both Cohen and Glattstein lauded the MIDC for doing exactly its mission: promoting bi-lateral trade and economic development.
Learn more about both these companies on Tuesday, October 25th at 11:00 am EST; 18:00 Israel and hear from other new Maryland/Israel collaborations in biotech, pharma and AI.
David Kuntz became the 6th Chair of the Board of the Maryland/Israel Development Center (MIDC) succeeding Alvin Katz. In a recent interview David shared his excitement working with MIDC’s newly appointed Executive Director David Speer and continuing to grow the 30-year-old organization.
David Kuntz is a native Baltimorean who grew up in a family that placed serving the community a top priority. David graduated from Franklin & Marshall College and earned a JD from the University of Maryland Francis King Carey School of Law. Until the recent sale, David was the President of American Office, a family-owned regional office furniture business that opened in Baltimore in 1932. David also serves as a Board member with Baltimore Business Volunteers, a Trustee for the Institute of Islamic, Christian and Jewish Studies, and an Emeritus Board member of Sinai Hospital of Baltimore.
David spoke candidly about his goals for the MIDC. “I think my business and community experiences, as well as the MIDC’s mission to promote business and economy in both Maryland and Israel, will serve the organization well. The MIDC has a solid reputation of building business bridges these past 30 years and it is my hope that we can connect with more Israeli businesses, create new collaborations, and promote a supportive and energized environment to be in Maryland. Maryland and Israel are natural partners in innovation in many sectors including defense, medical devise, biotech, pharma, homeland security, hi-tech and more.”
David said he will be vested in growing and expanding MIDC’s volunteer and membership base to encourage business leaders in Maryland to mentor Israeli companies, especially newer startup companies so their coming to Maryland will ensure a “soft landing”. David explained that when an Israeli company brings its technology to Maryland, sets up offices in Maryland, hires Marylanders, all this benefits both Maryland and Israel economically and technologically. Furthermore, he hopes to expand on the successes of MarketReach America, a comprehensive training program for young Israeli companies that takes place in both Israel and in Baltimore. “I am excited revive the program with “hands on” training for startup Israeli companies giving them the tools and resources to increase their chances of success in the U.S. That’s where the MIDC shines.”
David recognized the past Chairs of the MIDC for their continued support and leadership. He congratulated Alvin Katz on his outstanding tenure as Chair whose vision helped the MIDC redirect its energies and pivot to online zoom business and technology webinars during the pandemic. David also looks forward to working with MIDC founders: The Associated Jewish Federation of Baltimore, the Maryland Department of Commerce and Israel’s Ministry of Economy and Industry.
David Kuntz and David Speer, MIDC’s new leadership team, care deeply about Israel as well as helping the Maryland economy grow through jobs created by Israeli companies.
Governor Larry Hogan and Oded Forer, Israeli Minister of Agriculture and Rural Development and Minister for the Development of the Periphery, the Negev, and the Galilee, signed a Memorandum of Understanding (MOU) between the State of Maryland and the Ministry of Agriculture and Rural Development of the State of Israel. The agreement promotes further cooperation in the areas of marine aquaculture and biotechnology. Read more>>>.
RADA USA, a subsidiary of Israel-based RADA Electronic Industries Ltd, in Germantown,
Maryland since 2018, cut the ribbon for its 2nd expansion in 4 years. The expansion features a
state-of-the-art research and development and manufacturing operation producing advanced electronics for the defense and aerospace industry. The new facility has full manufacturing capabilities for RADA USA’s active electronically scanned array tactical radars. RADA’s expansion project supports their plan to add full-time employees by the end of 2023. Read more>>>http://www.mymcmedia.org/blog-rada-usas-state-of-the-art-expansion-ceremony/
Wavelength is a customer-focused developer and manufacturer of Active Pharmaceutical Ingredients (APIs). On Demand Pharmaceuticals is a manufacturing technology company that will allow medicines to be made in small machines anywhere. The US-Israel Binational .Industrial Research & Development (BIRD) Foundation is investing $1M to advance the development and pilot of an on-demand medicine manufacturing system. Wavelength Pharmaceuticals and On Demand Pharmaceuticals will leverage their complementary manufacturing capabilities to strengthen a reliable supply of essential medicines and the ingredients required to make them.
About On Demand Pharmaceuticals
On Demand Pharmaceuticals™ is an innovative technology company transforming how medicines are made so they can be produced on demand—whenever and wherever medicines are needed. On Demand’s breakthrough manufacturing technology platform, the Pharmacy on Demand (PoD)™, can be quickly customized to produce anything from key starting materials to active pharmaceutical ingredients (API), and final formulated drugs. With this technology, the company is on a mission to provide an adequate, safe, and reliable supply of medicines to every community across the world. For additional information, visit https://ondemandpharma.com.
About Wavelength Pharmaceuticals
Wavelength Pharmaceuticals is a customer-focused, world-class developer and manufacturer of Active Pharmaceuticals Ingredients with more than 35 years of exceptional regulatory track record. Its recent merger with SEQENS has created a scaled leader of global industrial footprint and one of the world’s leading providers of pharmaceutical solutions with annual revenues of $1.3 billion, 24 manufacturing sites, 10 R&D centres and 3,200 employees worldwide. The combined company has a broad portfolio of products with more than 200 active pharmaceutical ingredients, 500 drug intermediates, as well as pharmaceutical grade solvents and specialty ingredients. The company offers a wide range of API custom development and manufacturing services across a wide range of advanced technology platforms including enzymatic chemistry, particle design, spray drying, custom polymers, lipids, highly potent and controlled substances. From pre-clinical grams to multi-ton commercial scale with uncompromising consistent quality, regulatory compliance and exceptional customer service. For additional information, visit https://wavelengthpharma.com.
Since 1992, the MIDC has had an essential role in the economic development of Maryland, providing Israeli companies opportunities to expand into Maryland and US markets. MIDC’s mission over the past 30 years has been building and creating entrepreneurial bridges and is at the forefront of developing international business relationships and partnerships.
- The MIDC has organized trade missions to Israel for all of Maryland’s governors since the Maryland/Israel Declaration of Cooperation was signed in 1988, including Governors William Donald Schaefer (1989), Parris Glendening (1997), Robert Ehrlich (2004), Martin O’Malley (2008 and 2014) and Larry Hogan (2016), as well as Lt. Governor Michael Steele (2005), Montgomery County Executive Ike Leggett (2007) and Lt. Governor Boyd Rutherford (2020).
- Maryland is home to 30 Israeli companies, up from six when the MIDC was founded in 1992, including ELTA North America, a major Israeli defense company which makes the radar for the Iron Dome anti-missile system; Nayax, a cashless payment and management solution for retailers; Medispec, developers of medical devices based on shockwave technology; and RADA, a defense electronics company specializing in the production and sales of all-threat, air surveillance combat radars.
- The MIDC created a venture capital fund to invest in Israeli high-tech startup companies. In partnership with The Trendlines Group of Israel, it created the Maryland/Israel Trendlines Fund, a $4.2 million fund that invested in 12 Israeli companies.
- The MIDC is the Maryland representative for the Israel-U.S. Binational Industrial Research and Development (BIRD) Foundation, a program of Israel’s Ministry of Economy and Trade and the U.S. Department of Commerce that funds joint research between American and Israeli companies. Maryland companies that have received BIRD grants include 2020 Gene Systems, Ariadne Genomics, Brimrose Corporation, Direct Dimensions, KeyGene and Patriot Technologies. and in addition, the University of Maryland and Bar Ilan University in Israel were awarded an $18.4 million, five-year grant to promote energy security and economic development through the research and development of innovative energy storage technologies.
- The MIDC pioneered the entrepreneurial development program MarketReach America™ for Israel’s emerging high-tech companies for which it was awarded over $300,000 in grants from the U.S.-Israel Science and Technology Foundation. Subsequently, in 2019, the MIDC organized MarketReach America to educate Israeli entrepreneurs on The Lean Startup entrepreneurial development program, used by the National Science Foundation to train American scientists to start companies and commercialize their technology. Partnering with the Israel Innovation Authority, University of Maryland, Baltimore, Abell Foundation and the Maryland Department of Commerce, 16 Israeli medical technology and digital health entrepreneurs went through the training in Israel; 10 came for the two week “customer discovery” trip to Baltimore. Two of the participants, GaitBetter and TikTalk, were judged as best-in-class and were awarded one-year free office space in the University of Maryland, Baltimore BioPark Incubator. and hired Maryland-based executives to start operations here.
- The MIDC created economic development programs for Baltimore’s Israeli sister cities. In Ashkelon, the MIDC launched a small business loan fund totaling over $1.2 million; over 100 loans have been made to Ashkelon-based small businesses to help them grow and create jobs. In Karmiel, the MIDC and The Associated invested in the community’s high tech business incubator. In Kiryat Gat, the MIDC helped create the town’s first business incubator.
- During the pandemic, the MIDC started two webinar series which cumulatively attracted over 2,500 participants. Business Survival Strategies targeted Israeli entrepreneurs with techniques to help them survive the shutdown and prepare for post-pandemic business life, while the Israel Technology Series covered a broad range of topics including Israeli Covid vaccine development and tracing and testing technologies, the current state of venture capital investing, a cybersecurity forum cosponsored by the Cybersecurity Association of Maryland and the Embassy of Israel, the benefit of the Abraham Peace Accords on business featuring U.S. Senator Ben Cardin and Israeli and UAE investors, and several sessions on emerging industries in Israel such as artificial intelligence, 5-G and quantum computing.
- The MIDC has helped forge strong linkages between both communities’ research institutions. The University of Maryland, Baltimore signed a Memorandum of Understanding to collaborate with Hadassah Hospital, Hebrew University and the Surgeon General of the Israel Defense Forces in the critical area of emergency medicine. The University of Maryland, College Park and the University of Maryland, Baltimore County (UMBC) both instituted partnerships with Tel Aviv University for faculty and student exchanges. The MIDC helped to develop a partnership between the University of Maryland Center on Marine Biotechnology, Israel Oceanographic Institute and the Israeli Ministry of Agriculture to create a $1.2 million marine biotechnology research program in aquaculture. The MIDC was instrumental in assisting with the expansion of Orgenesis’ cell therapy manufacturing facility at Johns Hopkins University in Baltimore; Orgenesis is a biotech company with origins in Israel. The MIDC also assisted LifeBridge Health to establish its Israel Contact Center, based in Jerusalem, to provide a strong complement to the teams working here in Maryland.
Thirty years is a long time. A lot has changed. When the MIDC got started in 1992, Israel’s population was only five million people. It has nearly doubled since then to today’s 9.3 million. The original “halutzim” (pioneers) were still building the country: Yitzhak Rabin was Prime Minister.
(Sadly, Menachem Begin had just passed away.) And Israel had only signed one peace treaty with a neighboring country, Egypt in 1979. Now Israel’s pioneering spirit is found among the country’s amazing startup entrepreneurs. Israel is lauded globally as a high-tech powerhouse. And the country has peace agreements with six Arab countries, amazingly hosting a summit with several Arab foreign ministers at Sde Boker, David Ben Gurion’s home. Who would have ever thought it possible?!
On the personal front, I was single with no children. So, I was able to interview for the MIDC Executive Director position on Tuesday and leave for Israel with its founders — Hanan “Bean” Sibel, Marvin Schapiro and Martin Waxman — on Saturday. And today I have two grown sons whom I’m enormously proud of: Aaron who is following in familiar footsteps working with Israeli entrepreneurs at The Tamid Group, and Jacob who is a reporter for the Washington Post and just got engaged. I couldn’t be more proud!
Together, with our board and Founding Partners — The Associated, the state of Maryland and the Government of Israel — we’ve accomplished a lot in 30 years. We were fortunate that our industrial strengths in medical technology, telecommunications, information systems and defense paralleled. Just as important but often unstated, we were fortunate that our cultures paralleled with a healthy respect for education, scientific inquiry and diversity. So Israeli and Maryland entrepreneurs, scientists and engineers shared a common language.
We pioneered programs such as MarketReach America, our binational accelerator to train Israeli entrepreneurs to commercialize their technology and enter the US market, the Maryland/Israel Trendlines Fund, our venture capital fund started in partnership with The Trendlines Group to invest in Israeli startups, to Business Survival Strategies, our webinar series to help Israeli entrepreneurs stay connected to the US market during COVID.
I’d like to thank our visionary founders especially Bean, Marty and Marvin, who not only conceived the idea of creating an economic development partnership between Maryland and Israel and hired me, but who became my mentors. I also want to thank The Associated who displayed their own pioneering spirit by supporting the MIDC which was started as an experimental program with only two years of funding. And I want to thank the state of Maryland and Government of Israel for their continuing and enthusiastic support through all these years.
With grateful thanks for decades of heartfelt support,
On Sunday, June 12, 2022, the MIDC celebrated both its 30th anniversary of fostering bilateral trade and economic development between the Maryland and Israel and Barry Bogage’s retirement after three decades of exemplary service as MIDC’s Executive Director. Lynn Shapiro Snyder, Partner, Epstein Becker & Green and Howard R. Feldman, Partner, Whiteford, Preston & Taylor, co-chaired the 30th Anniversary celebration. The event was hosted at the University of Maryland, Baltimore.
The MIDC has been supported for 30 years by its “founding partners,” namely the Associated: Jewish Federation of Baltimore, Maryland’s Department of Commerce and the Commercial Mission of the Embassy of Israel. Beth Goldsmith, Chair of The Associated, Mike Gill, Secretary of the Department of Commerce, and Natalie Gutman Chen, the Israeli Embassy’s economic minister, represented the “founding partners” and congratulated the MIDC on its 30th Anniversary as well as Barry for his outstanding contributions.
Lt. Governor Boyd Rutherford keynoted the 30th. In 2020, the Lt. Governor traveled to Israel with the MIDC and spoke at Israel’s CyberTech Conference. The Lt. Governor recognized the importance of the MIDC in bringing Israeli businesses and technology to the State of Maryland. Maryland and Israel have been partners in innovation with shared strengths in life sciences, cybersecurity and other high-tech industries. Both Maryland and Israel have thrived these past 30 years.
Jennifer Roby, Vice President of Finance, ELTA North America, shared its 10-year history and growth in Maryland and how the MIDC was instrumental in bringing ELTA Systems, a major Israeli defense company specializing in radar development, to Maryland. The MIDC and Barry helped ELTA explore site locations, business opportunities in Maryland, and introduced ELTA executives to Maryland’s elected leaders and economic development officials. ELTA recently brought to Maryland the first of its kind radars that attach to military vehicles which can provide 360° surveillance of its surroundings at convoy speeds and soon will be building in Maryland new radar systems and anticipate doubling its employee headcount over the next few years.
A highlight of the 30th anniversary was the gathering of the MIDC’s founders and past chairs. Marty Waxman, who then worked at The Associated Jewish Federation in 1992, organized the search committee which was responsible for hiring Barry. Founders included the late Marvin Schapiro, represented at the event by his family: Mark and Lorraine Schapiro, JM Schapiro and Dara Schnee. Hanan Sibel, MIDC’s Founding Chair, Roger Lipitz, co-founder and past MIDC chairs of the board, Abba Poliakoff and Rob Frier were recognized and congratulated for their leadership. Steve Dubin, MIDC Past Chair, was unable to attend. Alvin Katz, outgoing MIDC Chair, and David Kuntz, incoming MIDC Chair recognized their outstanding leadership and continued support of the MIDC as well as the family of Marvin Schapiro.
Alvin Katz recognized Barry’s significant accomplishments during his tenure and announced the creation of the Barry Bogage Maryland/Israel Business Development Endowment Fund that will allow the MIDC to provide support to Israeli and Maryland companies and entrepreneurs seeking to participate in MIDC programs.
We also welcomed David Speer, the MIDC’s new Executive Director, and David Kuntz, the organization’s incoming Chair of the Board. We look to the future with excitement and will continue to build on past successes and grow business in Maryland and Israel while engaging the business community, elected officials and expanding MIDC’s volunteer base.
United Airlines generously donated two round trip DCA to Tel Aviv tickets to Israel recognizing the MIDC’s role in bringing business opportunities to the region. Two lucky MIDC members won the tickets.