OurCrowd First Israeli Company to Partner with the Singapore Economic Development Board in the Global Innovation Alliance (GIA) Programme

Collaboration will further strengthen ties between startups and corporates in Israel and Singapore

OurCrowd, Israel’s most active venture firm, today announced its partnership with the Singapore Economic Development Board (EDB), under its Global Innovation Alliance (GIA) programme. The GIA is a platform that serves to catalyse cross-border collaboration between Singapore and major innovation hubs globally.

Israel joins the ranks of other notable tech hubs in the programme including Silicon Valley, China, and Europe. As the first Israeli company to run the programme, OurCrowd’s collaboration with EDB will provide thousands of Israeli startups the opportunity to work with Singapore-based corporates across the manufacturing and services sectors including healthcare, precision engineering and chemicals.

This collaboration includes a series of in-person meetings and virtual programmes including curated networking sessions and bespoke demo days. The first such programme involving in-person meetings will be held in Israel this July, where invited Singapore-based corporates will meet with Israeli entrepreneurs to discuss collaboration opportunities in technology and innovation.

Yakir Machluf, OurCrowd’s newly appointed Head of Business Development said, “The partnership with EDB is the direct evolution of OurCrowd’s long standing relationships in Singapore and the entire 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 the strategic partnerships driving corporate innovation between Singapore, the Israeli ecosystem and beyond.”

Ms Lily Phua, Vice President, Innovation Economy, EDB said, “With the reopening of global travel borders, our companies can now resume travel to meet with international partners to discuss growth opportunities and strengthen innovation collaborations. EDB is pleased to partner with OurCrowd to organise this series of programmes in Israel, which seek to enhance our companies’ capacity to create new products and businesses out of Singapore. Companies will be able to leverage OurCrowd’s extensive networks and deep understanding of technology capabilities in the Israeli startup ecosystem, which will further strengthen innovation ties between the two countries.”

Yakir Machluf, OurCrowd’s Head of Business Development. Photo – OurCrowd