At an function in Tel Aviv, the Singapore Financial Enhancement Board (EDB) and crowdfunding platform OurCrowd brought dozens of Israeli startups jointly with representatives of key businesses from Singapore. The Singapore delegation arrived to Israel in the context of a partnership amongst EDB and OurCrowd aimed at selling R&D and innovation collaborations concerning Israeli startups and significant organizations in Singapore.

The Singapore delegation consisted of delegates from 6 significant Singapore-based mostly firms: Flex, HP Inc, Meiban, SingHealth, ST Engineering, and UOB (United Overseas Financial institution). Over the two times of the event, more than 40 Israeli startups participated, most of them from OurCrowd’s portfolio. They explored investment and collaboration opportunities with the companies from Singapore in health and fitness and med-tech, precision engineering, sustainability, and other fields. Amid the startups that participated were being DreamMed, OncoHost, 3D Alerts, Genopore, Largix, Hailo, and D-ID.

The function was component of EDB’s initiatives below the World Innovation Alliance (GIA), which is an initiative by the Singapore Federal government to catalyse cross-border partnerships amongst Singapore and main innovation hubs globally. EDB and Company Singapore jointly oversee GIA’s routines, which find to hook up Singapore-based enterprises with abroad companions for R&D and innovation collaborations. EDB focuses on huge Singapore-centered corporates while Organization Singapore focuses on assisting Singaporean Little Medium Enterprises and startups to hook up with innovation hubs abroad.

Yakir Machluf, a short while ago appointed Head of Business Development at OurCrowd, said, “The arrival of the delegation is welcome information for the Israeli superior tech field, as it opens doorways to one particular of the strongest and most influential economies in Asia. The substantial Singapore-based corporates are normally on the lookout for new pathways to innovation and creative imagination, and the Israeli startups demonstrated admirable skills in all sectors of technological innovation and verticals. I have no question that the meetings that took location will lead to concrete and promising collaborations in the close to long term.”

Lily Phua, Vice President, Innovation Economic climate, EDB explained, “EDB is pleased to husband or wife with OurCrowd to organize this collection of events in Israel, which provides large Singapore-based corporates the option to meet with Israeli startups to focus on innovation collaborations to fit their organization requirements. This is portion of EDB’s initiatives to greatly enhance our significant companies’ capacity to produce new goods and companies out of Singapore. These providers will be equipped to leverage OurCrowd’s in depth networks and deep comprehending of know-how capabilities in the Israeli startup ecosystem, which will more reinforce innovation ties amongst the two international locations.”




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OurCrowd has above 200,000 registered users from 195 countries. Due to the fact it was launched by CEO Jon Medved in 2013, it has been given over $1.9 billion in commitments, and deployed funds into far more than 347 portfolio firms and 39 money throughout five continents. To date, OurCrowd’s startups have recorded 59 exits.

Released by Globes, Israel small business news – en.globes.co.il – on July 27, 2022.

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