Israeli Startup Binsight Leverages RIHub’s Incubator to Become Newest Entry in US Market

High Tech Israeli Startup Binsight Leverages RIHub’s Incubator to Become Newest Entry in US Market RIHub’s Bridge to Israel Program Connects Startups to the Rhode Island’s Innovation Ecosystem and to the U.S. Market PROVIDENCE, RI – September 2, 2021 - RIHub, the central network connector and incubator for entrepreneurs and startups in Rhode Island, announced today it has accepted Israeli high tech startup, Binsight to its Bridge to Israel program.

The program provides incubation services, mentoring, investor connections, entrepreneur training and networking opportunities. Rhode Island offers unique advantages for entrepreneurs coming from Israel. Part of the Northeast Corridor region of the United States, Rhode Island provides access to more than 51 million people and four of the ten largest metro areas in the US. RIHub has a unique relationship with Israeli startups. Global accelerators IBM Alpha Zone Israel, Hadassah Hospital Tech Accelerator Hadasit, and Ben Gurion University’s Oazis have come to be essential partners for the Bridge to Israel program for RIHub. Together with the Rhode Island -Israel Collaborative ( RIIC), RIHub makes essential connections to Israeli founders. “We at the Rhode Island Israel Collaborative (RIIC) are very excited to partner with the RIHub to help bring high tech Israeli Startups to Rhode Island. Rhode Island is an excellent landing place for Israeli companies who would like to expand their U.S. operation into the U.S. market,” Said Avi Nevel, President and CEO, RIIC

From left to right, Or Bar-Tal, Gilad Mor-Hayim, Cof ounders of Binsight; Avi Nevel, Tamar Raz, during the RIIC efent in Tel Aviv, December 2021.

Israeli startup Binsight founded by Gilad Mor-Hayim and Or Bar-Tal, has a mission to tackle the untouched area of household consumption and massive food waste. They have developed a unique technology that combines high-end computer vision, deep learning, and core behavioral tools to solve this problem. They will help consumers save significant money and directly reduce food waste. A recent study from the US Dept of Agriculture showed that 61% of all wasted food, is happening in our homes. Americans ends up throwing out $53.81 worth of spoiled food a week from their fridge, amounting to $2,798 every year per household. “We aim to make a disruption in this neglected area, we directly reduce the growing problem of food waste” said Binsight’s CEO Gilad Mor-Hayim, “We are excited to open Binsight’s US operations in Rhode Island, and because we produce unique access to household consumption data, we are looking for key growth partners such as grocery retailers and CPGs in the US.”

The Bridge to Israel Program was founded as part of former Governor Raimondo’s Innovation Campus initiative. In 2019 Rhode Island led economic development meetings in Israel with former Governor Raimondo and Rhode Island Commerce Secretary Stefan Pryor who is focused on building high potential growth companies in Rhode Island. RIHub is offering Israeli companies six months of free office space at RIHub and Cambridge Innovative Center, access to all programs to assist entrepreneurs in growing their companies and Venture Mentoring Services to connect mentors with entrepreneurs. “RIHub is excited to offer a program for Israeli startups to land and expand here in Rhode Island,” said Annette Tonti, Managing Director, RIHub. “These companies will open up new high-tech jobs and strengthen our growing innovation ecosystem here in Rhode Island.” To learn more about RIHub, please visit RIHub.org.

About RIHub

If you’re launching a startup in Rhode Island, your first stop is RIHub. Started in 2019, we enable and accelerate entrepreneurial ventures that have a high potential for growth. Through our incubation space, online community portal and numerous programs, we work to build an engine of entrepreneurship for Rhode Island by connecting entrepreneurs, inventors, students, investors, corporate leaders and two global accelerators: MassChallenge and IBM Alpha Zone. In addition, we provide free mentoring services via MIT-developed Venture Mentoring Services. Join us to find your pathway to growth and success. To learn more, please visit RIHub.org.

About RIIC

The Purpose of The Rhode Island-Israel Collaborative (RIIC) is the Promotion of Commerce, Academics and Science. The collaborative is a not-for-profit organization that fosters and strengthens trade, business, academic exchange and research between Rhode Island and Israel to benefit the economy and community of each location. The Rhode Island-Israel Collaborative (RIIC) does so by building and strengthening the relationships between government organizations, businesses, entrepreneurs, investors, members of academia and the research community in Rhode Island and Israel.

To learn more, please contact info@theriic.org

RIHub Media Contact Annette Tonti Executive Director of the RIHub atonti@rihub.org