RefuahYou know when you surf the Web using your trusty Web 2.0 browser, Mozilla Firefox or Internet Explorer, or whatever it is that you use; and you navigate your way around, by typing in the HTML address of the website, which you would like to visit? Not many know this, but the software which provides the address bar, was invented by an 18 year old Israeli, named Aviv Refuah. All of the Internet giants have been using this software to create their programs for the least ten years. Now, they just may have to start paying up, because the patenting license submitted by an 18 year old Refuah, has just been approved!

While neither Aviv, nor the 55 employees of his company, Netex, have received a penny in licensing proceeds, so far; the value of the company’s stock jumped 144% on the Tel Aviv Stock Exchange.

The 18 year old Refuah submitted his brain child for patenting and really changed the face of web browsing, then went and joined the Israeli Army. Now 10 years later, the 28 year old Israeli is the CEO of a company that is worth $20,000,000. Currently the employees at Netex are working on an idea called, Springo.com. Springo is designed to make web browsing faster and easier, by providing instant links for the hottest social networking, online shopping, news, maps and email sites. The site’s ‘header’ reads: Springo beta/Shortcutting the Web.

We will look to Refuah as an example of Internet justice, now that his U.S. patent has been rightfully claimed. And we will look to Netex as a future spring board of big ideas; and a juicy baby tech company, undoubtedly causing the big corporations to lick their chops.