TechNation: New app lets tourists get VAT refunds online

New app lets tourists get VAT refunds online

Israeli startup Refundit has launched a commander module for an app that lets tourists get value-added taxation refunds online though watchful on prolonged lines during a airport. The commander is holding place in several European countries with visiting Israeli tourists, though a aim is to hurl out a complement opposite a continent where 150 million tourists each year are entitled to VAT refunds of some 26 billion euros ($30.2 billion). The app lets users indicate profits as they make purchases as good as their passports and airline tickets and relays it to internal taxation authorities 12 hours before a moody home. The reinstate is paid by PayPal or a user’s credit card. “Our resolution helps everybody – a tourist, retailers and a horde nation by creation selling some-more attractive,” pronounced Ziv Tirosh, who shaped Refundit this year with Uri Levine, cofounder of a renouned navigation app Waze. The app is giveaway though Refundit is charges 9% for a service. (Gabriela Davidovich-Weisberg)

Two startups win anti-terror tech contest

Israeli startups CardioScale and Colugo on Monday were named a winners of a 2018 Combating Terrorism Technology Startup Challenge, or CTTSC3, orderly by a U.S. Defense Department and Israel’s Defense Ministry. The dual were selected from hundreds of entries and 23 finalists for a General Technologies Track of a contest. CardioScale, that won a $100,000 initial prize, uses a exclusive medical monitoring algorithm embedded in a unstable arm-cuff to capacitate large improvements in triaging, monitoring and presence rates for victims of militant attacks and other mass-casualty events. Colugo, that won a second esteem of $10,000, has grown UAV record that provides a advantages of both quadrotor and fixed-wing technologies. The record enables drones to take off and land plumb like a worker and fly for prolonged distances and durations like a fixed-wing UAV. Another 13 finalists are competing in a Urban Navigation Track, dual of whom will be awarded prizes following a “live demonstration” after in a year. (TheMarker Staff)

DreaMed gets U.S. curtsy for diabetes tech

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Israel’s DreaMed Diabetes said on Monday that a U.S. Food and Drug Administration has authorized a Advisor Pro program to assistance conduct diabetes treatment. Advisor Pro assists medical providers in handling form 1 diabetes sufferers who use insulin pumps and continual glucose monitoring by providing insulin-delivery recommendations. “Type 1 diabetes, managed with larger attention, leads to softened studious peculiarity of life and reduced payer health-related costs,” DreaMed CEO Eran Atlas pronounced .Advisor Pro is targeting around 500,000 U.S. patients with form 1 diabetes who use pumps a association said. In Feb Advisor Pro perceived regulatory capitulation in a European Union. Founded by 2014 by Atlas and 3 partners, DreaMed has lifted $6.5 million from investors including Medtronic, Norma Investments, that represents businessman Roman Abramovich, and Israel’s OurCrowd.In 2015 DreaMed protected a synthetic pancreas record for formation into insulin pumps done by Medtronic Diabetes. (Reuters)