OurCrowd, a leading global securities crowdfunding platform, has partnered with the Singapore Economic Development Board (EDB) in the Global Innovation Alliance (GIA) program, according to a statement issued by OurCrowd. The goal is to boost international collaboration between the two countries to increase investment as well as support innovative private firms.
Israel is recognized globally as one of the hottest innovation markets in the world. Singapore has developed a solid innovation sector and is recognized as a top global Fintech hub.
OurCrowd is the first Israel-based platform to participate in the GIA program and the partnership is expected to “provide thousands of Israeli startups the opportunity to work
with Singapore-based corporates across the manufacturing and services sectors including healthcare, precision engineering, and chemicals.”
Yakir Machluf, Head of Business Development at OurCrowd, said:
“The partnership with EDB is the direct evolution of OurCrowd’s long-standing relationships in Singapore and the entire region. Following the opening of the OurCrowd office in Singapore in 2016, as well as past collaborations with United Overseas Bank (UOB), Changi Airport, and Kepple, we will continue to strengthen the strategic partnerships driving corporate innovation between Singapore, the Israeli ecosystem and beyond.”
Lily Phua, Vice President, Innovation Economy, EDB added:
“With the reopening of global travel borders, our companies can now resume travel to meet with international partners to discuss growth opportunities and strengthen innovation collaborations. EDB is pleased to partner with OurCrowd to organize this series of programs in Israel, which seek to enhance our companies’ capacity to create new products and businesses out of Singapore. Companies will be able to leverage OurCrowd’s extensive networks and deep understanding of technology capabilities in the Israeli startup ecosystem, which will further strengthen innovation ties between the two countries.”
OurCrowd is currently accepting applications from Israel-based firms to participate in the program and attend an event to take place this July.
OurCrowd is a global investment platform with over 200,000 registered members from 195 countries that enables individual (accredited) investors to participate in vetted early-stage firms and funds from as little as $10,000. As of 2021, OurCrowd has received over $1.9 billion in commitments, and deployed capital into more than 347 portfolio companies and 39 funds across five continents.
