The incubator will begin operations and accept applications in the second half of 2017
OurCrowd, a Jerusalem-based equity crowdfunding platform for accredited investors, has partnered with Motorola Solutions, Reliance Industries and Yissum to operate an innovation technology incubator.
Incubator will focus on emerging start-ups using ‘frontier technologies’ including: big data; analytics; artificial intelligence (AI); fintech; storage; internet of things (IoT); and computer vision.
The incubator will be based in OurCrowd’s Jerusalem headquarters, located in the JVP Media Quarter campus and will begin operations and accept applications in the second half of 2017.
OurCrowd will replace Jerusalem Venture Partners, which previously led the incubator.
“We are proud to be strengthening the Jerusalem tech-ecosystem together with strong partners such as Motorola Solutions, Reliance Industries and Yissum,” said Jon Medved, CEO, OurCrowd.
“This represents a unique team with a global reach, incredible scale, and with deep technological, commercial and academic roots. We expect to invest in close to 50 companies over the next 10 years and further grow the formidable cadre of Jerusalem start-ups.”
The incubator will be part of the world famous Israeli incubator programme administered by Israel’s National Innovation Authority, formerly the office of the chief scientist.
“In today’s technology environment, strong partnerships and strategic investments help accelerate innovation. The Jerusalem incubator is one element of our Israel innovation hub, which is focused on developing advanced solutions in artificial intelligence, cybersecurity and other fields,” added Eduardo Conrado, executive vice president, strategy and innovation office, for Motorola Solutions.
“We are proud to be part of this important project and look forward to working with OurCrowd, Reliance and Yissum on the future of public safety technology.”
In less than five years, OurCrowd said it has invested more than $440m into 120 companies and eight funds.
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