29 May 2016 - 21 Iyyar 5776 - כ"א אייר ה' אלפים תשע"ו
Vertex to invest in Israel as part of its global portfolio E-mail

Vertex Ventures, the venture capital subsidiary of Singapore’s sovereign wealth fund Temasek, now has a larger war chest to invest in startups, courtesy of its parent company.

Predominantly focused on Asian startups with proven products ready for rapid expansion, Vertex is now looking at Israel, along with the US and China. These are the leading centres of tech innovation. Healthcare is a new area it will be looking at, and a European office is in the planning stages.

Vertex Ventures has had an office presence in Israel for many years, primarily to attract investment opportunities into Asia as well as to be a gateway for Asian investors looking to invest into Israel. The company was originally established by Yoram Oron, who founded Vertex Venture Capital in 1997 as part of the Yozma Program together with Vertex Venture Holdings. Vertex Ventures has put US$190 million from its last fund into 30 Asian startups, with a return on investment of 30% – on par with what top venture capital firms make, according to Vertex’s research. At US$600 million, the size of the new fund is under half of the US$1.5 billion that top-tier firm Andreessen Horowitz raised recently.

Please login or register to see the full article
Chinese clients invest US$30 million in CreditEase’s Israel Innovation Fund E-mail

Beijing-based CreditEase, a national leader in wealth management, credit management, microfinance investment and microcredit loan origination and servicing, announced in October that the CreditEase Israel Innovation Fund (CEIIF), its first Israelfocused venture-capital/private-equity fund, has raised US$30 million from its clients in China in a first closing of the fund.

CEIIF is managed by Israel Innovation Investment Management Ltd., a Cayman Islandsbased manager that is jointly owned by CreditEase and its founding managing partners, Tayman Kan and Benjamin Weiss.

The new fund focuses primarily on private technology companies located in Israel and the US. It considers opportunities across a broad spectrum of industries, including technology, media, telecommunications, healthcare and smart materials, and will invest in a mixture of earlyand later-stage opportunities.

“The first closing of CEIIF represents a significant milestone for our wealth-management platform. We are encouraged by the confidence our clients continue to show in our new VC/PE investment products,” said Richard Williamson, co-head of corporate strategy for CreditEase.

“We believe that technology companies in Israel offer interesting investment opportunities for our clients, and we are proud to team up with Tayman and Ben, who bring a unique combination of skills and an impressive joint track record of success.”

Please login or register to see the full article
Second FinTech Forum in Hong Kong E-mail

With the success of the first Israel FinTech Forum last year, another delegation of Israeli companies with a wide range of cutting-edge creative solutions in cyber security fields visited Hong Kong to meet with potential investors at the second Israel FinTech Forum on 20 October.

As a world-leading technology power, Israeli security experts and engineers have been fighting at the forefront of cyber defence against cyber crime, preventing and detecting online fraud, and intercepting computer espionage.

The representatives of 11 companies introduced their latest technologies that support the operations of banks, online payments and e-commerce, and facilitate the fluidity and reliability of mobile innovation, storage and big data, trading and IT services, means of payment, e-commerce platform, risk management, regulation and more.

Please login or register to see the full article
Singapore to follow Israel and allocate cyber security budget E-mail

As reported by the Straits Times, up to 10% of Singapore’s information technology budget will be spent on cyber security, and the government is urging private companies to do likewise.

Singapore intends to follow the lead of Israel and South Korea, said Communications and Information Minister Yaacob Ibrahim recently.

“Israel stipulates that 8% of its total government IT budget must be allocated to cyber security, while South Korea prescribed 10%. This underscores the utmost importance accorded to cyber security,” said Dr Yaacob, who is also the minister in charge of cyber security. He announced this at the opening of the three-day 24th GovernmentWare infocomm security conference, held in October, but gave no timeframe for the plans.

The conference was organised by the Cyber Security Agency of Singapore (CSA), a high-level central agency that co-ordinates publicand private-sector efforts to protect national systems, such as those in the energy and banking sectors, from cyber threats.

Dr Yaacob said the private sector should follow suit, highlighting the need for a substantial cyber security budget as one of the nation’s three thrusts to shore up its defences. The second thrust involves developing capabilities in both the public and private sectors, while the third thrust is to build a vibrant cyber security ecosystem through common certification and standards, said Dr Yaacob.

Please login or register to see the full article
Israel Pavilion at Myanmar Water 2015 E-mail

Israel participated recently in the Myanmar Water 2015 event, held at the Myanmar Event Park in September. Israel’s Ambassador to Myanmar Daniel Zonshine opened the Israel Pavilion.

Myanmar Water 2015, the premier event in the country relating to water, is a trade event for exhibitors to showcase innovative solutions for water technology, covering sanitation solutions, industrial wastewater treatment and purification.

Now in its third year, Myanmar Water 2015 gathers thousands of water-industry professionals to exchange knowledge and expertise in trying to tackle the emerging challenges faced by Myanmar. It offers many business opportunities for visitors to promote positive developments in the water sector and to also make a difference to the development of water systems, not only in Myanmar but in other countries too.

Myanmar’s Deputy Minister U Tin Ngwe of the Ministry of Livestock, Fishery and Rural Development was present at the event, among many other honoured guests.

Please login or register to see the full article
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>

Jewish Times Asia is published by Jewish Times Asia Ltd. © Copyright 2016.
Material in the newspaper or on this site may not be used or reproduced in any form or in any way without permission from the editor.
While every effort has been made to ensure the content is true and accurate, the publisher is not responsible for any errors or omissions in the printed text.