OurCrowd, Motorola Solutions and Reliance Industries Launch Incubator to Give Jerusalem Startups a Global Competitive Edge


OurCrowd, a global leader in equity crowdfunding, today announced a partnership with Motorola Solutions, Reliance Industries and Yissum, to operate an innovation technology incubator to support growth of early stage startups in Jerusalem. With a long track record of startup investment in Jerusalem, and as a key player in the Israeli tech ecosystem, OurCrowd is a natural fit to lead the incubator team. The incubator will focus on frontier technologies such as big data, analytics, AI, fintech, storage, IoT and computer vision. The incubator will be based in OurCrowd’s Jerusalem headquarters, located in the JVP Media Quarter campus, founded by MK Erel Margalit. OurCrowd will lead the incubator consortium together with partners Motorola Solutions (NYSE: MSI), Reliance Industries (NSE: Reliance) and Yissum Technology Transfer Company of the Hebrew University of Jerusalem. OurCrowd will be replacing Jerusalem Venture Partners, who previously led the incubator. The incubator will begin operations and accept applications in the second half of 2017.

Eduardo Conrado, Executive Vice President, Strategy & Innovation Office, for Motorola Solutions said, “In today’s technology environment, strong partnerships and strategic investments help accelerate innovation. The Jerusalem incubator is one element of our Israel innovation hub, which is focused on developing advanced solutions in artificial intelligence, cybersecurity and other fields. We are proud to be part of this important project and look forward to working with OurCrowd, Reliance and Yissum on the future of public safety technology.”

Source: Businesswire

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