A new highpoint for Israel’s hightech sector
Israeli tech has led the way in making deserts bloom, chat on our phones, cybersecurity, new foods and so much more.
This week, the Start-Up Nation achieved a new high point.
I am not referring to Defense Minister’s, Benny Gantz, and his trip to Morocco. No matter how it was spun this was all about lucrative sales and shoring up the anti-Iran rhetoric.
OurCrowd, one of the most successful VCs on the planet, based in little quaint Jerusalem, has opened an office in Abu Dhabi.
Permit me to quote the CEO of OurCrowd, Jon Medved:
This historic development, a fruit of the Abraham Accords, will not only allow OurCrowd to raise funds in the UAE, but also promote local Emirati and regional startups to our 160,000 global investors and drive international investments into the UAE’s dynamic startup ecosystem. This is a major step toward developing OurCrowd’s business in the UAE and demonstrates our long-term commitment to the Gulf region. 12 OurCrowd companies are already active in the UAE, with many more expected to follow, and we have just announced our first investment into a UAE-based fund.
Last night, I was eating supper with some close friends, who were describing their visit to the Gulf States. It is safer to walk around openly with a kippah (skullcap) in these deeply Muslim countries than in many parts of Europe or even the USA.
You can watch Medved’s interview on CNBC here. You can watch this space to see how Israel continues to make a positive impact on the lives of billions and keeps looking for new opportunities to do so.
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