For the first time, Beijing will play host to what it hopes will be an annual super meeting between the Israeli and Chinese startup ecosystems. The China-Israel Technology, Innovation and Investment Summit — or China-Israel Investment Summit — will take place from January 4-6 and invite over 1,000 entrepreneurs and investors from both countries.
Senior figures in attendance will be Israeli Intelligence Minister Yuval Steinitz, Chinese Minister of Science and Tech Wan Gang and the Director-General of the Israeli Ministry of Economy Amit Lang. The summit is intended as a networking opportunity for people in both countries.
The event is the joint effort of the Infinity Israel-China Fund, National Development and Reform Commission (NDRC), the Ministry of Science and Technology (MOST), and the Israeli Ministry of the Economy. It mostly has a focus of Chinese VCs looking into possible Israeli investments.
“Chinese investment in Israeli technology will exceed US$10 billion within five years,” Eyal Rosenthal, managing director of Infinity Israel-China Fund, said in a statement. He went on to cast major aspirations about the conference, predicting US$1 billion in Israeli-Chinese deals will be inked.
Chinese investment has steeply risen in Israel
In 2014, Chinese investors poured US$302 million in Israeli companies according to IVC Research. Earlier in 2015, the same firm predicted a 54 per cent jump from that figure to US$467 million by the end of the calendar year. It also predicted that half of all Israeli venture funds will have at least one Chinese investor by the end of 2015.
Israeli companies will include ReWalk, Itamar Medical, Jerusalem-based cybersecurity firm ThetaRay and fintech company eToro.
It is hard to say there is a primary group of verticals that the delegates will represent. There will be programmes for mobile, agritech, cleantech, life sciences and smart cities. Forty Israeli startups will have the chance to pitch the floor alongside several workshops for Israeli companies to understand Chinese business culture.
The Infinity Israel-China Fund is managed by Amir Galor and Avishai Silvershatz and has made over 30 investments, including in Israeli CyberArk and Oberon Media. The conference is being organised by Foreign Investment and Industrial Cooperation Head Ziva Eger. The event will take place at the China National Convention Center in Beijing.
The article Beijing will play host to massive Israeli-Chinese tech summit first appeared in Geektime
Image Credit: State of Israel