FGRT Israel Innovation Tour December 30 2016€¦ · 02/01/2017 · Clark, Sears, Coca-Cola and...
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1 January 2, 2017 Deborah Weinswig, Managing Director, Fung Global Retail & Technology [email protected] US: 917.655.6790 HK: 852.6119.1779 CN: 86.186.1420.3016 Copyright © 2017 The Fung Group. All rights reserved. 1) The Fung Global Retail & Technology team traveled to Israel to meet with local startups that are disrupting the retail space and to gain a deeper understanding of how multinational companies operate within Israel’s booming technology ecosystem. 2) Israel has been known for several years as “Silicon Valley II”—and for good reason. The country invests 4.4% of its GDP into research and development (the highest R&D investment rate in the world), and 30% of that is channeled through its universities. Since 1980, more than 250 Israeli companies have gone public on the tech- focused Nasdaq Stock Exchange. After the US and China, Israel is the most represented country on the Nasdaq. 3) In recent years, multinational companies looking to establish an innovation hub have increasingly chosen to build in Israel. More than 250 global companies, including 80 Fortune 500 companies, have R&D labs in Israel today. During our visit, we met with executives from Kimberly- Clark, Sears, Coca-Cola and NCR. 4) There are several modes of opportunity to engage in the Israeli ecosystem through venture capital funds, micro- funds and crowdsourced funding and, for multinational companies, through factories, R&D centers and/or software houses. Some of Israel’s technology strengths include enterprise software, cloud technologies, virtualization, hardware and cybersecurity. DEEP DIVE: Takeaways from Our Trip to Israel— Tech Ecosystem Collaboration Strategies and Notable Startups Deborah Weinswig Managing Director, Fung Global Retail & Technology [email protected] US: 646.839.7017 HK: 852.6119.1779 CN: 86.186.1420.3016
Transcript of FGRT Israel Innovation Tour December 30 2016€¦ · 02/01/2017 · Clark, Sears, Coca-Cola and...
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DeborahWeinswig,ManagingDirector,FungGlobalRetail&[email protected]:917.655.6790HK:852.6119.1779CN:86.186.1420.3016Copyright©2017TheFungGroup.Allrightsreserved.
1) TheFungGlobalRetail&TechnologyteamtraveledtoIsraeltomeetwithlocalstartupsthataredisruptingtheretailspaceandtogainadeeperunderstandingofhowmultinationalcompaniesoperatewithinIsrael’sboomingtechnologyecosystem.
2) Israelhasbeenknownforseveralyearsas“SiliconValleyII”—andforgoodreason.Thecountryinvests4.4%ofitsGDPintoresearchanddevelopment(thehighestR&Dinvestmentrateintheworld),and30%ofthatischanneledthroughitsuniversities.Since1980,morethan250Israelicompanieshavegonepubliconthetech-focusedNasdaqStockExchange.AftertheUSandChina,IsraelisthemostrepresentedcountryontheNasdaq.
3) Inrecentyears,multinationalcompanieslookingtoestablishaninnovationhubhaveincreasinglychosentobuildinIsrael.Morethan250globalcompanies,including80Fortune500companies,haveR&DlabsinIsraeltoday.Duringourvisit,wemetwithexecutivesfromKimberly-Clark,Sears,Coca-ColaandNCR.
4) ThereareseveralmodesofopportunitytoengageintheIsraeliecosystemthroughventurecapitalfunds,micro-fundsandcrowdsourcedfundingand,formultinationalcompanies,throughfactories,R&Dcentersand/orsoftwarehouses.SomeofIsrael’stechnologystrengthsincludeenterprisesoftware,cloudtechnologies,virtualization,hardwareandcybersecurity.
DEEP DIVE: Takeaways from Our
Trip to Israel— Tech Ecosystem
Collaboration Strategies and Notable Startups
Deborah Weinswig
Managing Director,
Fung Global Retail & Technology
US: 646.839.7017
HK: 852.6119.1779
CN: 86.186.1420.3016
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DeborahWeinswig,ManagingDirector,FungGlobalRetail&[email protected]:917.655.6790HK:852.6119.1779CN:86.186.1420.3016Copyright©2017TheFungGroup.Allrightsreserved.
5) Kimberly-Clark’sDigitalInnovationLab(D’Lab)hasofficesintheUS,SingaporeandIsrael.Throughthelab,thecompanyengageswithinvestors,startups,technologycompaniesandtheacademiccommunitytobringnewideastotheconsumergoodscategory.Thecompanycollaborateswith,partnerswithandacquiresothercompanies,butdoesnotinvestintheminordertoavoidsharedintellectualproperty.
6) Somemultinationalshavebuiltgreenfieldoperations(whereaparentcompanybuildsitsoperationsinaforeigncountryfromthegroundup)inIsrael,whileothershaveacquiredsmallercompaniestobuildupon.Forexample,Hewlett-PackardhaseightR&DfacilitiesinIsrael,sevenofwhichevolvedfrombuyouts.
7) ThestartupcompanieswemetwithinIsraelareengagedinartificialintelligence,supplychainmanagement,virtualization,dataanalytics,marketintelligenceservices,imagerecognition,on-demandroboticsandproductoptimization.
Source:Shutterstock
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DeborahWeinswig,ManagingDirector,FungGlobalRetail&[email protected]:917.655.6790HK:852.6119.1779CN:86.186.1420.3016Copyright©2017TheFungGroup.Allrightsreserved.
TableOfContentsExecutiveSummary.........................................................................................................................................4
Kimberly-ClarkDigitalInnovationLab:CrowdsourcedSolutionsforConsumerGoodsProductInnovation......5
SearsIsrael:CreatingInnovativeE-CommerceExperiences.............................................................................6
Coca-Cola’sBridgeAcceleratorProgram:InternalParticipationandMentorshipisKeyforDevelopment........6
NCRInnovationCenter:UsingIsraeliStartupstoProvideSoftwareSolutionsforGlobalRetailers...................8
CrowdfundingPlatformOurcrowd:IncreasingForeignInvestmentOpportunityinIsrael.................................9
Startups.........................................................................................................................................................10
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ExecutiveSummaryTheFungGlobalRetail&TechnologyteamtraveledtoIsraeltomeetwithstartupsthataredisruptingtheretailspaceandtogainadeeperunderstandingofhowmultinationalcompaniesoperatewithinIsrael’sboomingtechnologyecosystem.
Inrecentyears,multinationalslookingtoestablishaninnovationhubhaveincreasinglychosentobuildapresenceinIsrael.Morethan250globalcompanies,including80Fortune500companies,haveR&DlabsinIsraeltoday.Two-thirdsofthesecompaniesareAmericantechgiantssuchasFacebookandApple,butthenumberofChineseandSouthKoreanplayersisincreasingandalreadyincludesHuaweiandSamsung.
Since1980,morethan250Israelicompanieshavegonepubliconthetech-focusedNasdaqStockExchange.AftertheUSandChina,IsraelisthemostrepresentedcountryontheNasdaq.
WetraveledthroughoutIsraeltogainadeeperunderstandingofhowthesemultinationalsoperatewithinIsrael’sboomingtechnologyecosystem,andmetwithlocalexecutivesfromKimberly-Clark,Sears,Coca-ColaandNCR.
Source:Shutterstock
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DeborahWeinswig,ManagingDirector,FungGlobalRetail&[email protected]:917.655.6790HK:852.6119.1779CN:86.186.1420.3016Copyright©2017TheFungGroup.Allrightsreserved.
Kimberly-ClarkDigitalInnovationLab:CrowdsourcedSolutionsforConsumerGoodsProductInnovationWemetwiththedirectorofKimberly-Clark’sDigitalInnovationLab(D’Lab)atthecompany’sWeWorkofficespace.Thedirector,whopreviouslyplayedaninstrumentalroleinestablishingAT&T’sInnovationCenterinIsrael,isthesolememberoftheD’LabteaminIsrael.SinceintroducingD’Labin2014,Kimberly-ClarkhasestablishedaninnovationfootprintacrosstheUS,IsraelandSingapore.
D’Labispartofthecompany’sglobalinitiativetocrowdsourcedigitalsolutions.Kimberly-Clark’sgoalswiththeinitiativearetoaddvalueoverexistingproducts,addnewproductchannelsandimprovetheconsumerexperience.Kimberly-ClarklikestheflexibilityofIsraelientrepreneursandtheirwillingnesstoadjustasolutioninordertofindtheproperfit.“Theunprecedentedrateofconsumerchangedrivenbydisruptivetechnologiescallsforrelentlessinnovation,”thedirectortoldus.
D’Labengageswithinvestors,startups,technologycompaniesandtheacademiccommunitytobringnewideastotheconsumergoodscategory.Thecompanycollaborateswith,partnerswithandacquiresothercompanies,butitdoesnotinvestinthem,inordertoavoidsharedintellectualproperty.
Recently,thecompanyhostedahackathoncompetitionfocusingonbabyandchildcareproductinnovation.Elevenstartupsparticipated,andKimberly-Clarkselectedsixteamstocollaboratewithvariousofitsbrandsonpilotprograms.
Duringtheconversation,thequestion“WhyIsrael?”cameup.Kimberly-Clark’sdirectornotedthatthecountryinvests4.4%ofitsGDPintoR&D(thehighestrateintheworld),andthat30%ofthatischanneledthroughthecountry’suniversities.Asaresult,TelAvivUniversity,theWeizmannInstituteofScienceandtheTechnionareamongthetop10patentapplicantsintheUS.ThedirectoralsocitedIsrael’smandatorymilitaryserviceasacrucialdriverofitsvibrantstartupscene.
Inaddition,theD’LabdirectorsaidthatoperatinginIsraelrequiresonlyathirdoftheinitialinvestmenttorealizethesamegainscomparedwithothercountries.ThesefactorshavecreatedanecosystemofvasttalentandfastdevelopmentthatKimberly-Clarkfoundappealing.
Whenasked“WhyIsrael?”Kimberly-Clark’sD’Labdirectorsaidthatthecountryinvests4.4%ofitsGDPintoR&D(thehighestrateintheworld),andthat30%ofthatischanneledthroughthecountry’suniversities.
Source:Kcdlab.com
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SearsIsrael:CreatingInnovativeE-CommerceExperiencesSearsIsraelisasubsidiaryofSearsHoldingsthatfocusesoncreatinginnovativee-commerceexperiences.WemetwithaninnovationmanageratSearsIsrael,whodiscussedhowsomemultinationalsbuildgreenfieldoperations(whereaparentcompanybuildsitsoperationsinaforeigncountryfromthegroundup),whileothersacquiresmallercompaniesthattheythenbuildupon.Forexample,Hewlett-PackardhaseightR&DfacilitiesinIsrael,sevenofwhichevolvedfrombuyouts.
SearsacquiredanIsrael-basedsocialcommercecompanyeightyearsagoandhasbuilttheteamfrom10peopleto150people,whofocusonproductstrategyandR&D.TheteamdevelopedShopyourway.com,theloyalty/rewardwebsiteofSearsandKmart.
TheinnovationteampresentsSearsmanagementwithideasonamonthlybasis.SearsIsraelalsoworkswithSears’spartners.Forexample,theteamiscurrentlyworkingwithKenmore(whichprovidesappliancestoSears)todevelopaloyaltymechanismthatissimilartoAmazon’sDashButton.
Coca-Cola’sBridgeAcceleratorProgram:InternalParticipationandMentorshipIsKeyforDevelopmentTheBridgebyCoca-Colaisaseven-monthacceleratorprogramforstartups.TheacceleratoridentifiesandsupportsstartupsthatmatchtheneedsofCoca-Cola.Theprogram’sfivecorethemesareconsumerengagement,consumerretail,supplychain,marketinginnovation,andhealthandwellness.
WemetwiththecofounderandmanagerofTheBridge,whostartedtheconversationbydiscussingtheimportanceofworkingwithinternalbusinessdivisionsandcustomerstounderstandthechallengesofthebusinessbeforebeginningtheprogramandchoosingthecohort.Healsostressedthe
TheinnovationmanageratSearsIsraelnotedthatsomemultinationalsbuildgreenfieldoperations(whereaparentcompanybuildsitsoperationsinaforeigncountryfromthegroundup),whileothersacquiresmallercompaniesthattheythenbuildupon.
Source:Sears.co.il
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importanceofinternalparticipationduringthedevelopmentandpilotingstages.ToelevateinternalparticipationinTheBridge,Coca-Colaexecutiveshaveinvestedcapitalintheprogram,themanagersaid,notingthat“nowtheyareinvestedandwanttobepartofthestartup-filteringprocessandengagewiththecompanies.”
Themanagersaidthatmanystartupsaremissingthebrand-storytellingcomponent.“Theyareabletoraisethemoney,[but]thendeclinebecausetheyaren’tgoodstorytellers,”hesaid.TheBridgeprovidestargetedcommercialguidancefromanenterpriseperspective.Startupsaregivenin-depthmarketingandnegotiationtrainingfromCoca-Cola/Turner,andgivenaccesstointernalandexternalbusinessmentors.
Noequityfinancialinvestmentisrequiredandstartupsmaintainownershipoftheirintellectualproperty.TheBridgeseekstogainfirst-moveradvantagethroughthedevelopmentofstrongrelationshipswithinnovativesoftwaretechnologystartupsbysupportingandfacilitatingtheirpathtocommercialization.Sofar,TheBridgehasconducted90pilotsandsigned25licenseagreements,includingfourgloballicenseagreements.
ToelevateinternalparticipationinTheBridgeacceleratorprogram,Coca-Colaexecutiveshaveinvestedcapital,thecofounderandmanagerofTheBridgesaid,notingthat“nowtheyareinvestedandwanttobepartofthestartup-filteringprocessandengagewiththecompanies.”
Source:TheBridgebyCocaCola.com
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DeborahWeinswig,ManagingDirector,FungGlobalRetail&[email protected]:917.655.6790HK:852.6119.1779CN:86.186.1420.3016Copyright©2017TheFungGroup.Allrightsreserved.
NCRInnovationCenter:UsingIsraeliStartupstoProvideSoftwareSolutionsforGlobalRetailersOnourtrip,wealsotraveledtothecityofRa’ananatovisitNCR’sInnovationCenter.NCRisanAmericancompanythatmakescomputerhardware,softwareandelectronicsthatfacilitatepoint-of-saletransactions.WemetwithNCR’sregionalVPofsalesandSoftwareInnovationSitemanager,whosaidthatNCRwasattractedtoIsraelbecauseofthecollaborativementalityinthecountry’sbusinesssectorandbecauseitishometoalargenumberofR&Dcenters.
In2012,NCRacquiredIsrael-basedRetalix,aleadingproviderofsoftwaresolutionsforretailcompanies.Sincethen,NCRhasaddedmorethan200newemployeesandnowhasaworkforceofmorethan1,000inIsrael.
ThecompanyisworkingwithlocalpartnerstofurtherdevelopitsNCRRetailONEcommercehub.Thecommercehub(announcedinJune2015)unitesanopenecosystemofretailapplicationsanddatawithanomnichannelsoftwareplatform.Essentially,NCRhascreatedaplatformsimilartotheAppleAppStore:itenablesretailerstoworkwithtechnologycompaniesthatareapprovedbyNCR.
Theopennatureofthenewsystemallowsretailerstodifferentiatetheirbusinessesinanincreasinglycompetitiveretailenvironment,usingexistingassets.NCR’slocalretailsolutionmanagercommentedthat“outsourcingmakesmoresenseforcompanieslikeWalmartthatfacedecliningITbudgets.”Thenewcommercehubhelpsretailersgetproductstomarketfasterandaccelerateinnovationbybreakingdowntechnologysilos.
Source:NCR.com
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DeborahWeinswig,ManagingDirector,FungGlobalRetail&[email protected]:917.655.6790HK:852.6119.1779CN:86.186.1420.3016Copyright©2017TheFungGroup.Allrightsreserved.
CrowdfundingPlatformOurCrowd:IncreasingForeignInvestmentOpportunityinIsraelOurteamalsovisitedtheofficeofOurCrowd,anequitycrowdfundingplatformbuilttoenableaccreditedinvestorstoprovideventurecapitalfundingforstartups.TheJerusalem-basedcrowdfundingplatformhasaglobalnetworkof15,000investorsandhashelpedfacilitate$300millionininvestmentsto100startupssinceitwasfoundedin2013.
OurCrowdoperatesmuchlikeaventurecapitalfirm,vettingdealsandinvestingincompaniesalongsideotherinvestors.Itselectsstartupstoback,investsitsowncapitalandprovidestheyoungcompanieswithaccesstoitsglobalnetworkofinvestors.OurCrowdistryingtostayaheadofthepackbyassigningindustryexpertsasmentorstothestartupsandbytakingboardseatsatitsportfoliocompanies.
TheplatformhashelpedfulfillthegrowingdemandforforeigninvestmentinIsrael.ThecofounderandCEOsaidthemajorityofOurCrowdinvestmentscomefromoutsideIsrael.OurCrowdalsoworkswithmajorcorporationstosourcestartups.ItiscurrentlyworkingwithHondatosourcestartupsthatarerelevanttotheautomaker.
OurCrowdselectsstartupstoback,investsitsowncapitalandprovidestheyoungcompanieswithaccesstoitsglobalnetworkofmorethan15,000investors.
Source:OurCrowd.com
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DeborahWeinswig,ManagingDirector,FungGlobalRetail&[email protected]:917.655.6790HK:852.6119.1779CN:86.186.1420.3016Copyright©2017TheFungGroup.Allrightsreserved.
STARTUPSDuringourtrip,wealsometwithseveralstartupcompaniesthataredisruptingtheretailindustry.Theteamswemetwithareengagedinartificialintelligence,supplychainmanagement,virtualization,dataanalytics,marketintelligenceservices,imagerecognition,on-demandroboticsandproductoptimization.About80%ofthecompanieswemetwithwereeitherbasedorfoundedinIsrael.Below,weprovideinsightsonsomeofthestandoutcompanieswemetwithduringourtrip.
Company: Wizer
Sector: Analytics
NotableClients: Keter,SodaStream,Brita
Website: www.getwizer.com
Wizerisaconsumerresearchplatformthatusesartificialintelligencetoanalyzebusinessquestionsandprovidefast,affordableandin-depthmarketinsights.Theplatformsimplifiestheprocessofrunningprofessionalmarketresearchsurveys,accordingtothecompany’scofounder,IdanGeva.
WithWizer,theclientposesaresearchquestionanddefinesgoals.Then,Wizer’salgorithmbuildsaresearchplan,selectinganoptimizedquestionnairethatfieldsresponsesfromaselectedgroup.Theplatformpullsappropriatequestionsfromhundredsthathavealreadybeenwrittenbyhumanresearchers,andthequestionsareauto-assembledintoanonlinequestionnaireof25–30questions.Thesystemensuresthatthereisnowritingrequiredbytheclient’smarketingteam.
So,clientsareabletoautomaticallygenerateanonlinequestionnairebyansweringtheplatform’squestions,andtheyreceiveresultswithin48hours.Furthermore,Wizer’salgorithmanalyzesthesurveyresultsandtheirstatisticalsignificance.ThestartupisbackedbymarketresearcherNielsen’sincubatorinIsrael.
Company: Freightos
Sector: Supplychain,logistics
NotableClients: N/A
Website: www.freightos.com
Freightosisattemptingtomakeglobalshippingsmootherbyofferingthefirstonlineinternationalfreightmarketplace.TheFreightosmarketplaceenableslogisticscompaniestomanagecontracts,andautomateandmanagethequoteandsalesprocess,fromtheirownwebsite.Withamissiontobringreal-timequotestothefreightindustry,FreightosmightbestbedescribedasaKayakorExpediaforinternationalshippers.
Bothindividualusersandfreightforwarderscanusetheplatformtosearchforandfiltershippingoptionsbyprice,time,route,feesinvolvedortypeof
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transportation.TheFreightossystemreplacestheoldwayofdoingbusiness,whichreliedonfaxmachinesandExcelspreadsheets.
FreightvendorsontheFreightosnetworkcaneasilyshareratesandtariffs,allowingtheirsalespeople,agentsandcustomerstoinstantlygenerateeventhemostcomplexfreightquotesinseconds,rightfromtheirInternetbrowser.Freightossaysthatitisabletooffermorethan200millionfreightpricingdatapoints,andthatithasestablishedthelargestfreightratedatabaseinexistence.
TheFreightosteam,ledbyCEOZviSchreiber,hasastrongtrackrecordofcreatinginnovativetechnologies,someofwhichhavebeenacquiredbyIBMandGE.
Company: EZface
Sector: Fashiontechnology
ProductStage: Released
NotableClients: N/A
Website: www.ezface.com
EZfaceprovidesavirtualizationsolutiontoenhancethemakeupshoppingexperience.Consumerscanvirtually“tryon”cosmetics,getpersonalizedrecommendationsandevensolicitadvicefromfriendsviatheEZfaceapp.Thevirtualtestingplatformconvertsdigitalphotographsintoa“virtualmirror”throughwhichuserscanvisualizehowtheywouldactuallylookwhilewearingvariousmakeupproducts.
Thecompany’svirtualizationsoftwaredecodestheproduct’sattributes(colorvalue,effect,coverage,etc.),analyzestheuser’spigmentationwithautomaticfacial-detectiontechnology,andblendstheproduct’sattributeswiththepigmentationintherelevantmakeupareastoensureanaccurateandrealisticsimulation.
Foundedin2000,EZfacehasbeensuccessfullyincorporatedintonumerouswebsitesandin-storekiosksworldwide,includingbyWalmartandL’Oréal.AccordingtoCofounderRamiOrpaz,EZfacewasthefirstcompanytoexperimentwithprovidingavirtualmakeupexperience.Nowthereareseveralbeautystartupsworkingonvirtualmirrors,includingModiFaceandYouCamMakeup,andL’OréalParishasintroducedanewvirtualmakeuptesterappcalledMakeupGenius.
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DeborahWeinswig,ManagingDirector,FungGlobalRetail&[email protected]:917.655.6790HK:852.6119.1779CN:86.186.1420.3016Copyright©2017TheFungGroup.Allrightsreserved.
Company: RFKeeper
Sector: Supplychain,inventorymanagement,lossprevention
NotableClients: Globalresellers
Website: www.rfkeeper.com
RFKeeperisaproviderofsupplychainmanagementandlosspreventionsolutionsthatuseRFIDtags.Thecompanyusespatent-pendingRFIDtagstoprovideretailchainswithinventorymanagement,losspreventionandsupplychainvisibilitysolutionsthatbenefitboththesupplychainmanagerandtheretailer.
Withthecompany’ssystem,retailproductsareassignedRFIDtagsthattransmitallinformationthroughoutthesupplychaintothecloud.Thisprovidesthesupplychainmanagerwithimprovedsupplychainvisibilityandtraceabilityforlossprevention.
RFKeeper’send-to-endsolutionsenableretailchainstoimproveinventoryaccuracy,reduceshrinkageandincreaseshopperloyalty.Theplug-and-playsolutionscanbedeployedwithinhours,requireminimaltrainingandchangestoretailers’currentstoreprocesses,andrelyonasmallRFKNetWi-Firouterforconfigurationwithinthecloud.
Company: Panorama
Sector: Bigdataanalytics,supplychainanalytics
NotableClients: ArmaniExchange,Coca-Cola,L’Oréal,PhilipMorris,SaksFifthAvenue,TexasInstruments
Website: www.panorama.com
Panoramaprovidesanalyticsandself-servicefeaturessuchascollaborativebusinessintelligence,contextualdatadiscoveryandprocessautomationforbusinessusers.Thecompany’ssolutionsprovideuserswithpersonalized,intuitiveandinteractiveanalyticsthataredeliveredthroughahighlyvisualandunderstandableinfographicformat.ThedashboardincludesKPIalerts,andletsuserscreatecollaborative“workboards”andvisualpresentationstoprovidebettercontextastheyputtogetherad-hocbusinessteamstoaddressinternalissues.
Thecompanywasfoundedin1993andsolditsOLAPtechnologytoMicrosoftin1996.Panoramasupportsmorethan1,600customersworldwideinindustriessuchasfinancialservices,manufacturing,retail,healthcareandtelecommunications.
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DeborahWeinswig,ManagingDirector,FungGlobalRetail&[email protected]:917.655.6790HK:852.6119.1779CN:86.186.1420.3016Copyright©2017TheFungGroup.Allrightsreserved.
Company: Wave
Sector: Supplychain
NotableClients: N/A
Website: www.wavebl.com
Waveconnectsallmembersofthesupplychaintoadecentralizednetworkandallowsthemtodirectlyexchangedocuments.Wave’sapplicationmanagesownershipofdocumentsontheblockchain,eliminatingdisputes,forgeriesandrisks.Thepeer-to-peernetworkconnectsallcarriers,banks,forwarders,tradersandotherpartiesoftheinternationaltradingsupplychain.Usingdecentralizedtechnologies,allcommunicationbetweenthesepartiesisdirectanddoesnotpassthroughaspecificcentralentity.
Currently,thesupplychainprocessrequiresabilloflading,ordocumentissuedbyacarriertoacknowledgereceiptofcargoforshipment.Billsofladingareoneofthreecrucialdocumentsusedininternationaltradetoensurethatexportersreceivepaymentandimportersreceivemerchandise.Wave’ssolutionprovidesaninnovativemethodforexchangingtradedocumentsthatiscost-effective,secureanddesignedtointegratewithcurrentworkflows.ThestartupisbackedbytheTelAviv–basedBarclaysAccelerator.
Company: MarketBeyond
Sector: Analytics
ProductStage: Released
NotableClients: Keter,Rubbermaid
Website: www.themarketbeyond.com
MarketBeyondisamarketintelligenceservicescompanythatprovidesonlineretailerswithinsightsintothecustomerpurchasejourneyandtheircompetitors.Thecompanyletsuserstapintocompetitors’KPIsinordertogetinformationaboutsales,conversions,averagesellingpriceacrossproducts,effectivemarketingchannelsandmore.Thecompanyfacilitatesthegatheringofbigdatashoppinginformationfrommillionsofusersworldwide,allowingonlinesellerstoasksimplequestionsthatcanunveileasystepstoboostperformance,suchas“Whatisthecompetitionselling?”and“Whatnewproductsaretrending?”
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Company: ConsumerPhysics
Sector: Hardware
Website: www.consumerphysics.com
ConsumerPhysicsdevelopedahandheldmolecularscanner,theSciO,thatallowsconsumersandbusinessestolearnaboutthemakeupofmaterialsinproducts.Usersscanfoodsandothermaterials(suchasvitaminsandmedicines)usingthehandhelddevice,andtheAPIgathersdataandoffersadeepmolecularanalysis.
TheSCiOsensorpairswithSCiOsmartphoneappsandconnectstoacloud-baseddatabaseofmaterialfingerprints.ConsumerPhysicsoffersbusinessesandthird-partydevelopersaplatformthatenablesthemtodesigntheirownmolecular-sensingmodelsandmobileapplicationsforpersonalandcommercialuse.
Company: Trax
Sector: Analytics,informationtechnology
NotableClients: Coca-Cola,Heineken,Nestlé
Website: www.traxretail.com
TheTraxplatformispoweredbyimagerecognitiontechnologythatprovidesretailerswithdeepinsightsintowhatishappeningintheirstoreaisles.Shelfimagesaretakenwithmobiledevices,fixedcamerasorrobots,andthenanalyzedintheTraxcloud.Thesystemthensendsreal-time,actionableinsightstostorestaffviatheirmobiledevices.OnlinedashboardsareavailableforbusinessteamsthroughTrax’sbusinessintelligenceplatform.
Traxprovidesretailerswithrecommendationsforimprovingsales,suchashowtochangetheplacementofproductsrelativetotheirenvironmentinthestore.Retailersturnthedataandinsightsintobroadermarketintelligenceandhighlyaccuratetrendpredictionsthatshinealightonnewwaystoimprovethein-storecustomerexperience.Thecompanyhasreceived$78millionintotalfinancingtodate.
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Company: CommonSenseRobotics
Sector: Supplychain
NotableClients: N/A
Website: www.cs-robotics.com
CommonSenseRoboticsisbuildingthefirston-demand,robotic,in-the-cityfulfillmentsolutionforlast-miledelivery.Thesolutionenablesone-hourdeliverywhilereducingoperationalcosts.CofounderandCEOElramGorendescribedthecompany’ssolutionsas“micro-fulfillmentcenters.”Thecompanywasestablishedin2015andisagraduateoftheMicrosoftAcceleratorprogram.CommonSenseRobotics’solutioniscurrentlyinthedemostage,withalivebetaversionsettolaunchinthethirdquarterof2017,accordingtoGoren.
Company: Plataine
Sector: Supplychain
ProductStage: Released
NotableClients: GEDigital,Siemens
Website: www.plataine.com
Plataineprovidesaproductionoptimizationsolutionformanufacturersthatproducecompositecomponentsforthetransportation,furniture,aerospaceandapparelindustries.Plataine’ssolutionisatracking-as-a-service(TaaS)solutionthatbridgesthegapbetweenCAD,ERPandtheproductionfloor,effectivelyenablingmanufacturerstodigitalizetheproductionprocess.
Thesolutionallowsmanufacturerstoscheduleproductiontasks;trackrawmaterials,kitsandtoolsthroughouttheplant;optimallyselectrawmaterialsfrominventory;dynamicallyassignproductorderstoavailablematerials;andmore.Thesoftwareisdesignedtomakemanufacturersmorecompetitivebyhelpingthemimprovematerialsutilizationandproductivity,controlquality,andshortenmanufacturingcyclestoensureon-timedeliveryofproductstocustomersandcreateamoredynamicmanufacturingenvironment.
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DeborahWeinswig,ManagingDirector,FungGlobalRetail&[email protected]:917.655.6790HK:852.6119.1779CN:86.186.1420.3016Copyright©2017TheFungGroup.Allrightsreserved.
DeborahWeinswig,CPAManagingDirectorFungGlobalRetail&TechnologyNewYork:917.655.6790HongKong:852.6119.1779China:86.186.1420.3016deborahweinswig@fung1937.comStevenWinnickResearchAssociate
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