Crowdfunding platform OurCrowd has formed a partnership with German energy company innogy SE to help deliver the next generation of energy solutions in Israel. According to OurCrowd, the partnership will combine the strength of the funding portal’s network and ability to scout investment opportunities in Israeli startups and match the business objectives of innogy to provide innovative products and services beyond the energy market.
“We are on a quest for innovation and are excited to be present in the vibrant and innovative eco-system here in Israel. We have our own innovation team in Israel, connecting us with the startups and innovators in the country. OurCrowd is a natural partner for us. We are impressed by the depth of OurCrowd’s exposure and the quality of their portfolio. This partnership will enhance our ability to identify, invest in and build new successful business – and to do it fast.”
Jon Medved, Founder and CEO of OurCrowd commented:
“We’ve been impressed by innogy’s growing presence in Israel and are thrilled to enter into this new strategic partnership. This partnership will give our portfolio companies a quality gateway to the European markets, with one of the most innovative and well positioned new breed of utilities. The innogy mission is to inspire people, offering solutions and making lives easier – something that we at OurCrowd believe in passionately.”
OurCrowd will notably help funnel Israeli technology startups that support innogy SE. The energy company’s Innovation Hub has also established an outpost in Israel to engage with innovative startups in its areas of interest, which are Smart & Connected, Urban Solutions, Disruptive Digital, Big Data, and Machine Economy/Blockchain. It is aiming to collaborate and invest by its open innovation strategy.