For the first time, Beijing will play host to what they hope will be an annual super meet 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 $10 billion within five years,” Infinity Israel-China Fund managing director Eyal Rosenthal said in a statement. He went on to cast major aspirations about the conference, predicting $1 billion in Israeli-Chinese deals will be inked.
Chinese investment has steeply risen in Israel
In 2014, Chinese investors poured $302 million in Israeli companies according to IVC Research. Earlier in 2015, the same firm predicted a 54% jump from that to $467 million by the end of the calendar year. They also predicted that half of all Israeli venture funds will have at least one Chinese investor by the end of 2015.
A press release says 35 major investment funds will be there, including Sequoia Capital, IDG, Metrix, and the China International Capital Corporation (CICC). 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 programs 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 organized by Foreign Investment and Industrial Cooperation head Ziva Eger. The event will take place at the China National Convention Center in Beijing.
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