Singapore delegation meets Israeli startups in Tel Aviv
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At an party in Tel Aviv, the Singapore Financial Growth Board (EDB) and crowdfunding platform OurCrowd introduced dozens of Israeli startups together with representatives of main companies from Singapore. The Singapore delegation arrived to Israel in the context of a partnership involving EDB and OurCrowd aimed at selling R&D and innovation collaborations in between Israeli startups and massive providers in Singapore.

The Singapore delegation consisted of delegates from 6 huge Singapore-centered companies: Flex, HP Inc, Meiban, SingHealth, ST Engineering, and UOB (United Abroad Bank). More than the two times of the party, extra than 40 Israeli startups participated, most of them from OurCrowd’s portfolio. They explored expense and collaboration options with the organizations from Singapore in health and med-tech, precision engineering, sustainability, and other fields. Among the startups that participated were being DreamMed, OncoHost, 3D Signals, Genopore, Largix, Hailo, and D-ID.

The event was aspect of EDB’s initiatives below the Worldwide Innovation Alliance (GIA), which is an initiative by the Singapore Authorities to catalyse cross-border partnerships concerning Singapore and important innovation hubs globally. EDB and Organization Singapore jointly oversee GIA’s things to do, which find to hook up Singapore-based enterprises with overseas associates for R&D and innovation collaborations. EDB focuses on massive Singapore-dependent corporates while Organization Singapore focuses on helping Singaporean Compact Medium Enterprises and startups to join with innovation hubs abroad.

Yakir Machluf, just lately appointed Head of Business Development at OurCrowd, mentioned, “The arrival of the delegation is welcome news for the Israeli superior tech market, as it opens doorways to one particular of the strongest and most influential economies in Asia. The substantial Singapore-centered corporates are constantly searching for new pathways to innovation and creativity, and the Israeli startups shown admirable skills in all sectors of technologies and verticals. I have no doubt that the conferences that took position will guide to concrete and promising collaborations in the in close proximity to long term.”

Lily Phua, Vice President, Innovation Economic climate, EDB claimed, “EDB is happy to partner with OurCrowd to organize this series of activities in Israel, which presents significant Singapore-dependent corporates the opportunity to meet up with with Israeli startups to go over innovation collaborations to match their small business requires. This is part of EDB’s endeavours to enrich our significant companies’ potential to create new merchandise and corporations out of Singapore. These companies will be equipped to leverage OurCrowd’s substantial networks and deep being familiar with of technologies capabilities in the Israeli startup ecosystem, which will additional bolster innovation ties in between the two nations.”




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OurCrowd has around 200,000 registered associates from 195 nations. Considering the fact that it was started by CEO Jon Medved in 2013, it has been given around $1.9 billion in commitments, and deployed money into more than 347 portfolio firms and 39 funds throughout five continents. To day, OurCrowd’s startups have recorded 59 exits.

Printed by Globes, Israel organization information – en.globes.co.il – on July 27, 2022.

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