Leading global equity crowdfunding platform OurCrowd has recently formed a new partnership with P3 Innovation, part of Pico Far East Holdings Limited. Founded in 2016, P3 Innovation is a strategic platform founded by the Pico Group that is located in Pico Creative Centre in Shanghai’s Jiading District. The P3 location offers 3,000 sq. m. of space for a variety of innovation-based start-ups focusing on a broad theme – “cultural, creative and technology”.
The new alliance allows startups in P3 Innovation’s ecosystem to have access to funding through OurCrowd’s crowdfunding platform, which has more than 20,000 accredited investors from over 100 countries.
On OurCrowd’s side, the platform will benefit as P3 Innovation will serve as another source of prospective deals. Additionally, P3 Innovation will act as a “landing pad” for OurCrowd’s current portfolio of companies – which includes some of the top startups in Israel and the US – helping them with setup, commercialization and lead generation across Asia and China.
“We have already been looking at investment opportunities with Pico and P3 Innovation and are confident that this alliance will help further deepen our relationship. This represents another step forward for us in Asia and together we will empower scores of new entrepreneurs, matching them with global investors and mentor networks,” commented Denes Ban, General Partner and Asia Head of OurCrowd.
As part of this collaboration, Denes Ban will sit on P3 Innovation’s Advisory Board, which includes Lawrence Chia, Chairman of the Pico Group. In return, Shaun Lim, Executive Director of P3 Innovation, will also serve as a Venture Partner of OurCrowd.
“P3 Innovation is a result of our management’s unwavering commitment to build on the leadership position we have established over the past 50 years by using innovation to create new opportunities and enhance our business,” stated Lim. “This alliance with OurCrowd will open up even more opportunities that will let us connect with some of the best startups in the world and do what we do even better.”