By the end of this year, a holding company which concentrates on high-tech innovations in Israel will have close to 40 Internet companies from the country in its portfolio. About half the companies demonstrated their wares at Comdex.
According to Jim Hamilton, president of Argoquest, some of the "hot technologies" include business to business, business to consumer, and music and 3D online.
"Israel is second only to the US in the number of high-tech startup companies, and more than all of Europe together," he said.
One of the companies, Treeway, provides interactive technologies to companies by way of strategic co-branding solutions. "The company also provides a free website builder," said Hamilton.
In Motion demonstrated a product that is well suited to sending written information through small portable devices such as notebooks and cellular telephones. The company intends to lead in providing the technology for capturing digital ink without a digitising tablet.
Comsense has developed the Snapcard, a reader-free electronic card that supports easy and safe Internet transactions. "The Snapcard is based on patent-pending technology that performs two way wireless communication between an electronic card and any standard PC without a reader.
"No hardware is required," Hamilton said.
Hamilton pointed out that Argoquest was started in 1997 with about a dozen companies.
"Within two years, we have more than 40 companies and not one has dropped out," he said. He also said there are more scientists and engineers in Israel than anywhere in the world.
"The Internet infrastructure in Israel is a little behind the rest of the world, but the cutting edge technology takes a leap over what's there today," Hamilton said.
Argoquest was founded by Jason Barzilay, chairman and chief executive, former co-founder of Packard Bell, and Hamilton, former vice president of Computer City.
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