OurCrowd First Israeli company to partner with the Singapore Economic Development Board under the Global Innovation Alliance (GIA) program
JERUSALEM & SINGAPORE–(BUSINESS WIRE)–OurCrowd, Israel’s most active venture capital firm, today announced its partnership with the Singapore Economic Development Board (EDB), under its Global Innovation Alliance (GIA) program . The GIA is a platform that serves to catalyze cross-border collaboration between Singapore and the world’s leading innovation hubs.
Israel joins the ranks of other notable tech hubs in the program, including Silicon Valley, China and Europe. As the first Israeli company to run the program, OurCrowd’s collaboration with EDB will provide thousands of Israeli startups with the opportunity to work with Singapore-based companies in manufacturing and service sectors, including healthcare, precision engineering and chemistry.
This collaboration includes a series of in-person meetings and virtual programs, including curated networking sessions and tailored demo days. The first such program involving in-person meetings will be held in Israel in July, where invited Singapore-based companies will meet with Israeli entrepreneurs to discuss opportunities for collaboration in technology and innovation.
Yakir Machluf, OurCrowd’s new Business Development Manager, said, “Partnering with EDB is a direct evolution of OurCrowd’s long-standing relationships in Singapore and across the region. Following the opening of the OurCrowd office in Singapore in 2016, as well as past collaborations with United Overseas Bank (UOB), Changi Airport and Kepple, we will continue to strengthen strategic partnerships that drive business innovation between Singapore, the Israeli ecosystem and beyond. .”
Ms. Lily Phua, Vice President, Innovation Economics, EDB, said, “With global travel borders reopening, our companies can now resume travel to meet with international partners to discuss opportunities for growth and development. strengthen collaborations in terms of innovation. EDB is pleased to partner with OurCrowd to host this series of programs in Israel, which aim to build our companies’ ability to create new products and businesses from Singapore. Companies will be able to leverage OurCrowd’s extensive networks and deep understanding of the technological capabilities of the Israeli startup ecosystem, which will further strengthen innovation ties between the two countries.
Israeli startups interested in participating in the GIA Israel program in July 2022, please email [email protected]
OurCrowd is the global online venture capital investment platform that enables accredited institutions and individual investors to invest and engage in early-stage emerging technology companies. Recognized by PitchBook as the most active venture capitalist in Israel, OurCrowd screens and selects companies in all sectors and at all stages, invests its own capital and provides its global platform of more than 215,000 registered members from 195 countries unparalleled access and freedom to co-invest from as little as $10,000 in the companies and funds of their choice.
Founded by CEO Jon Medved in 2013 with a vision to democratize world-class venture capital investing, OurCrowd has rapidly grown to become the world’s leading online venture capital investment platform and, in 2021 , has received over $1.9 billion in commitments and has deployed capital in over 347 portfolio companies and 39 funds across five continents. To date, OurCrowd startups have recorded 59 exits including several IPOs: Beyond Meat, Lemonade, Innoviz, Hub Security; and many high profile acquisitions: JUMP by Uber, BriefCam by Canon, Argus by Continental, Crosswise by Oracle, Replay by Intel, Corephotonics by Samsung, CyberX by Microsoft and Kenna Security by Cisco. OurCrowd creates value for its portfolio companies throughout their life cycle, by providing mentorship, recruiting industry advisors, navigating follow-up cycles and creating opportunities for growth through its network of multinational partnerships.