Forty Israeli startups from the information communication technology (ICT) and life sciences sectors will compete at a July 31 conference in Jerusalem for the chance to fly to China to meet with investors and companies there.
“The conference will enable Chinese investors to choose the Israeli innovations with the greatest potential for success in China,” said Aharon Aharon, CEO of the Israel Innovation Authority. “This is another way in which the Israel Innovation Authority is trying to support Israeli companies, helping them team up with potential investors from China and bolster their activity in this powerhouse of a country.”
Each company will have five minutes to present their innovation to a panel of 15 Chinese investors. Together with the panel, representatives of 40 Chinese companies will then help choose the top 20 Israeli startups, 10 from each sector. The winners will take part in a roadshow in China in November, where they’ll have the opportunity to network with more investors and local companies and corporations from two main locations, Changzhou and Beijing, the Innovation Authority said.
Avi Luvton, the Israel Innovation Authority’s Director of Asia Pacific Operations, called the event “an exceptional platform to create opportunities for cooperation on R&D and investment ties between Israeli and Chinese entities. It gives Israeli companies exposure in Asian markets in general and in the massive Chinese market in particular.”