World's smartest startup!

The Israeli start-up Panoramic Power, developing innovative software for monitoring electricity usage, was chosen to represent Israel in the finals of IBM's entrepreneurial contest named SmartCamp. The venue brings together entrepreneurs from all over the world, tackling some of the world's most pressing issues — like water, transportation, healthcare , and energy — developing solutions that will impact the way people live and work. Panoramic Power was chosen out of 70 Israeli startups designing solutions complying with IBM's Smarter Planet initiative. All of those companies were founded in the past three years and are privately owned in the present. Their groundbreaking technology enables efficient monitoring of power flow in large facilities on the circuit level, hence, dramatically increasing organizational awareness to power use and provides means for managing, predicting and saving power and cost in real time. Parallel nation-wide competitions were withheld lately, each yielding a single representative who will arrive at Dublin in mid November for the finals, where the winner will be awarded the title "World's Smartest Start-Up".