The South Korean government has chosen the Israeli online investment platform OurCrowd to be a co-manager of a bilateral fund that will invest in DeepTech (engineering and scientific innovation) startups. The aim of the fund is to raise $80 million, with $48 million already raised by the fund’s Korean partners, NH Venture Investment and K-Growth. The NHOC Global Open Innovation fund intends to invest in approximately 30 startups from both countries, with a focus on technologies like robotics, cybersecurity, and digital health.
OurCrowd CEO John Medved expressed his enthusiasm for the establishment of the Israel-Korea bilateral fund with the South Korean government’s support, stating that it was excellent news for Israeli high tech. In addition to the fund’s investments, Israeli DeepTech companies will gain direct access to South Korean industrial giants and be able to establish cooperation on a global scale.
The Houston Texans had a strong receiving corps even before the addition of Stefon Diggs.…
The NFL has transformed from a sports business to a media empire in many ways.…
Second Gentleman Doug Emhoff has tested positive for COVID-19 and is experiencing mild symptoms. On…
The Rail Yards Market in Albuquerque, New Mexico, hosted a free health and wellness-themed event…
John Cena made a significant announcement on Saturday night that he will be retiring from…
The Rail Yards Market in Albuquerque, New Mexico hosted a free health and wellness-themed event…