Success Stories A local conference on doing business with Israel shows o some examples. • ALAN ABRAMS Special to The Jewish News major Michigan manufac- turer and an Israeli compa- ny have formed an interna- tional joint venture to pro- duce a portable folding scooter. Scheduled to be marketed late next year under the brand name of Travelmate, the scooter can be easily transported when not in use by pulling it from behind, the method many air- port travelers already use for carrying lug- gage. The partners in the joint venture are Amigo Mobility International of Bridgeport, Mich. (near Saginaw), and Tzora Health Care Industries, based on a kibbutz about 30 minutes from Tel 4/P Aviv. The project is coming to fruition thanks to seed money provided by the BIRD Foundation, which, by putting up half of the equity, encour- ages and facilitates joint ventures between Israeli and American indus try. The Amigo-Tzora linkup was one of several success stories presented at a seminar sponsored by the American- Israel Chamber of Commerce of Michigan at the Oakland County Information Technology Building in Pontiac last week. Amigo manufactures carts which are used worldwide by impaired indi- viduals. Although Amigo does busi- ness in 40 countries globally, this is its first international joint venture, said company founder and chairman Clarence Rivette. The company has been in business since 1968 and does an annual vol- ume of about $25 million, according to published reports. ' "Tzora manufactures power-assisted devices, and we had been exporting to them," said Rivette, who is a member of the board of the American-Israel Chamber of Commerce. "They (Tzora) take manual wheelchairs and add a joystick to them. Their power wheelchairs are powered by small, high-torque-effect motors on the tire." _ Because both Amigo and Tzora are Left.. David Rubin discussed Israel's economy. Below: Participants were intent on doing business with Israel. in the mobility business, Tzora's con- cept of developing a portable folding scooter utilizing motors power struck a responsive chord. "Tzora originally had a deal with a partner in the United Kingdom. but that fell through. They were looking for a new partner, so they contacted us about a year ago," said Rivette. The BIRD grant was approved two months ago. Rivette and Solomon met at the Dusseldorf Trade Show in Germany and began the process of design approval. The partners already have a prototype, although the prod- uct is only in its first month of design. Travelmate will be presented to the marketplace in January, and be avail- able to consumers by the fourth quar- ter of 1998, said Rivette. Another success story heralded at the seminar involves the Brasscraft subsidiary of Michigan's giant Masco Corporation. Brasscraft is now importing and distributing shower heads that were developed in Israel. Brasscraft's Marty Melton praised Israeli workers for creating and devel- oping the necessary valves. Said Joe Savin, who helped orga- nize the seminar for the American- Israel Chamber of Commerce and its co-sponsor, the U.S. Department of Commerce, "The impact was very useful. We put the emphasis upon small- to medium-sized businesses who were dealing with or considering trading with Israel either as export or import partners. We identified 15 companies or individuals doing busi- ness in Israel, and about 45 people attended. We consider that success- ful." Joint venture: A little scooter. Although the seminar stressed Israel's high tech capacities, the highly- touted teleconference link between Israel and Oakland County which was to feature Natan Sharansky, Israel's minister of trade and commerce, ran into technical difficulties. The mantle of guest speaker fell upon David J. Rubin, the New York- based Israeli economic minister to the United States, who appeared live at the seminar. Rubin told attendees that inflation has leveled off in Israel. He credited this to the government of Prime Minister Binyamin Netanyahu understanding business needs, and believed inflation would remain low under con- trols. But Rubin cautioned that the Israeli economy has slowed down because of a big rise in interest rates. He said unemploy- ment in Israel is currently at 6-7 percent, and that it was unreasonable to expect a continued high growth rate of the Israeli economy at 5-7 percent a year with- out a corresponding increase in inflation. Israel is no longer a Third World developing nation, said Rubin, adding it is now a devel- oped nation. ❑ 11/14 1997 131