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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.

DEEP DIVE

Israel: Tech Ecosystem and Notable Startups

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4) ThereareseveralmodesofopportunitytoengageintheIsraeliecosystemthroughventurecapitalfunds,micro-fundsandcrowdsourcedfundingand,formultinationalcompanies,throughfactories,R&Dcentersand/orsoftwarehouses.SomeofIsrael’stechnologystrengthsincludeenterprisesoftware,cloudtechnologies,virtualization,hardwareandcybersecurity.

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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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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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’LabdirectorsaidthatoperatinginIsraelrequiresonlyathirdoftheinitialinvestmenttorealizethesamegainscomparedwith

Whenasked“WhyIsrael?”Kimberly-Clark’sD’Labdirectorsaidthatthecountryinvests4.4%ofitsGDPintoR&D(thehighestrateintheworld),andthat30%ofthatischanneledthroughthecountry’suniversities.

Source:Kcdlab.com

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othercountries.ThesefactorshavecreatedanecosystemofvasttalentandfastdevelopmentthatKimberly-Clarkfoundappealing.

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,whostartedtheconversationbydiscussingtheimportanceofworkingwithinternalbusiness

TheinnovationmanageratSearsIsraelnotedthatsomemultinationalsbuildgreenfieldoperations(whereaparentcompanybuildsitsoperationsinaforeigncountryfromthegroundup),whileothersacquiresmallercompaniesthattheythenbuildupon.

Source:Sears.co.il

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divisionsandcustomerstounderstandthechallengesofthebusinessbeforebeginningtheprogramandchoosingthecohort.Healsostressedtheimportanceofinternalparticipationduringthedevelopmentandpilotingstages.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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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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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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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.

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Bothindividualusersandfreightforwarderscanusetheplatformtosearchforandfiltershippingoptionsbyprice,time,route,feesinvolvedortypeoftransportation.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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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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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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Day 1

Israel Technology Innovation Tour 2017

Self-Checkout, Image Recognition and Digital Displays

1) OnMonday,February13,theFungGlobalRetail&TechnologyteammetwithseveralIsrael-basedstartupsaswekickedoffafour-daytechnologyinnovationtourofIsrael.

2) Thestartupsarefocusedonimprovingthecustomerexperiencethroughtechnologysolutionsforself-checkout,imagerecognitionanddigitaldisplays.

3) Thecompanieswemetwithallfocusonmakingthein-storeshoppingexperiencemoreseamlessforconsumers.Theyaimtoeliminatethehassleofwaitinginlinetocheckout,increasethechancesthataproductaconsumerwantswillbeinstockandenableretailerstousedataanalyticstopromotecertainproductsonin-storedisplays.

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IsraeliStartupPresentations

Onthefirstdayofourtour,weheardfromahandfulofIsraelicompaniesincluding:

• Shopic,DanBendler,CEO

• Kannita,AvivLevin,Co-FounderandCTO

• Syte,OferFryman,CEO

• CheckOutApps,RoyDror,Co-FounderandCOO

• Ogmint,DavidBenDavid,Co-Founder

Thestartupswemetwitharefocusedoncreatingsolutionsforself-checkout,imagerecognitionanddigitaldisplays.Below,wesharethehighlightsfromourmeetingswiththesestartups.

ConsumersCanNowUseShopicforSelf-Checkout,EliminatingtheNeedtoWaitinLineShopicisashoppingappthatenablesuserstoskipthecheckoutlineinbrick-and-mortarstoresbylettingthempurchaseitemsdirectlythroughtheapp.UsersscanthebarcodesoftheiritemsandShopic’spaymentsystemletsthemsafelyuploadtheirpaymentmethodandmakethepurchaseonastandardapprovedbythePCISecurityStandardsCouncil.Shopiciscurrentlyusingitsself-payoptionwithmajorretailerssuchasToys“R”Us.

ShopichasalsocollaboratedwithTycoonashoppingappfunctionthatenablesconsumerstoremovethesecuritysensoronanitemofclothingatthepointofpurchase—withoutrequiringanyassistancefromanin-storestaffmember.

DeborahWeinswigandShopic’sCEO,DanBendlerSource:FungGlobalRetail&Technology

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Source:FungGlobalRetail&Technology

AccordingtoresearchfromMotorola,oneoutoftencustomerswillwalkoutofastorewhenfacedwithlongcheckoutlines.TheShopicapphelpseliminatetheneedtowaitinacheckoutline,therebydecreasingcartabandonmentandincreasingsales.ForbessuggeststhatShopichasthepotentialtobethetop,all-powerfulshoppingapp,andCIOReviewmagazinenamedShopiconeofthe20mostpromisingretailtechnologysolutionproviders.

Source:Shopic.co

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ImageRecognitionIsHelpingRetailersBetterManageInventoryLevels

Kannitausesimagerecognitiontechnologytoprovidereal-timeinventoryvisibilityandtracking.Thecompany’s“virtualsalesassistant”providesreal-time,actionableinsightsonshelfcontentsandconsumerbehavior.Theplatformusesacameraonthefrontofashelfinconjunctionwithimagerecognitiontopresentdatatoastore’ssalesteam.Thecompany’ssolutionhelpsretailersbyprovidingalertswhenitemsareloworoutofstock.

Kannitasupportsbrick-and-mortarretailersbymeasuringconversionratesandproductperformancebylocation,whichultimatelyhelpsstoresmaximizetheirreturnoninvestment.ThecompanyiscurrentlyworkingwithCoca-Cola.

Sytealsousesimagerecognition,butinconjunctionwithe-commerce.Thecompanyisdevelopingnext-generationmachine-learningtechnologiesfocusedonimagerecognitionandpredictionthatwillhelpusersfindtheitemstheyarelookingforonline.Theplatformisdesignedtogiveconsumerstheabilitytofindanythingtheywanttobuysimplybyhoveringoveranonlineimage.Forexample,ifaproductisoutofstock,Sytecanhelptheshopperlocateasimilarstyle.Thecompanyhasspentmorethantwoyearsdevelopingitsfashionalgorithmtoidentifyitemsthatmostcloselymatchstylesearches.Syteisalsoworkingwithpoint-and-clicktechnologytofindthebestmatchesforobjectsandthebestpricesacrosstheweb.Thecompany’sCEO,OferFryman,saidthatSyteisalsolaunchingan“Asseenonme”featureonitsappthatwillencourageuserstouploadbloggedphotosoftheiroutfits.

Syte’sCEO,OferFrymanSource:FungGlobalRetail&Technology

Source:Kannita.com

Source:FungGlobalRetail&Technology

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TechnologyToolsHelpStoresUseReal-TimeDatatoDriveSalesCheckOut-Appsispioneeringadigitalfashiondiscoveryplatformthatbridgestheonlineandofflinedisplaymodels.Thecompanyusesanalyticsfromcustomerexperiencesandpreferencesfrombothbrick-and-mortarstoresandonlinesalesinordertoupdatethedigitalsignsinstores.Itallowsretailerstochangetheirdisplayadsbasedonaparticulartimeofdayorbasedonreal-timeonlinesalesofaparticularproduct.CheckOut-Appswasfoundedontheideathatretailstoreshavechangedverylittleovertime.Thecompanyaimstocompletelyupgradetheofflineretailexperiencebybringingold-fashionedshoppingintothedigitalage.

Ogmint’ssolutionswillallowonlineretailerstoscanandbuildtheirownonlinevirtual-reality(VR)marketplaces.Thecompany’scurrentsoftwarepackagecontainsallthecomponentsnecessarytoenableconsumersto

virtuallytryonwatchesandaccessoriesinrealtime.Thesolutionsaremadetobeincorporatedintobothmonobrandandmultibrandshops,aswellaspublicenvironmentssuchasairports,hotelsandeventsites.FounderDavidBenDavidsaidthatVRisthevisionofthefuture,andthatveryfewmodelshaveVRproducts.Today,consumersmaynotfeeltheneedforVRtechnology,butbrandsareexpectedtospend$30billiononVRin2020,andBenDavidbelievesalotofthatspendingwillbeoncontent.

Source:FungGlobalRetail&Technology

DeborahWeinswigandOgmint’sFounder,DavidBenDavidSource:FungGlobalRetail&Technology

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Day 2

Israel Technology Innovation Tour 2017

The Connected Athlete

1) OnTuesday,February14,theFungGlobalRetail&TechnologyteammetwithseveralIsrael-basedstartupsaswecontinuedourfour-daytechnologyinnovationtourofIsrael.

2) DeborahWeinswig,ManagingDirectorofFungGlobalRetail&Technology,gaveapresentationtitled“WhoIstheConnectedAthlete?”attheLeADSportsTechnologyAcceleratorLaunch.TheacceleratorisapartnershipbetweenOurCrowdandtheAdiDasslerInternationalFamilyOffice(DasslerwasthefounderofAdidas).

3) WemetwithexecutivesfromEFI,aleaderindigitaldesign.Transitioningfrom2Dto3Disspeedinguptheappareldesignprocessbyreducingthenumberofphysicalprototypesrequiredandgivingdesignersmoreflexibilityearlierintheprocess.

4) Wealsometwithleadersfromanumberofstartupsthatarecreatingsolutionsthathelpretailersconnectwithconsumers.Thesecompaniesarefocusedonmarketplaces,socialcommerceandanalyticsforunderstandingwhathappensbothinthestoreandafterapurchase.

5) TheFungGlobalRetail&Technologyteamwillcontinuetoreportontechnologyinnovationsandthoughtleadershipinsightsthroughouttheweek.Theteamisalsoparticipatinginthe2017OurCrowdGlobalInvestorSummit,whereWeinswigwillspeakoncorporateinnovation.

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Ontheseconddayofourtour,weheardfromexecutivesfromanumberofIsraelicompaniesandaccelerators,including:

• LironSlonimsky,FounderandCEO,AwearSolutions

• DimaKlichinsky,Co-FounderandVPofSales,ADeens

• MotiLevy,Founder,COOandCRO,Mobilibuy

• KfirShapira,CEO,DSMTool

• DovYarkoni,ChiefInvestmentOfficer,NielsenInnovate

• DanBaruchi,CEO,andMaliCohenDenzinger,VPMarketing,Personali

• HorstBente,CEO,AdiDasslerInternationalFamilyOffice

• AvivShapira,SeniorDirectorofOperationsandProduction,IntelSportsGroup,Intel

• AsafLandau,GeneralManager,EFI

• DanaArochSoffer,MarketingDirector,EFI

• GuyAlroy,VPProduct,EFI

Thestartupleaderswemetwitharefocusedoncreatingsolutionsformarketplacesandsocialcommerceandanalyticsthathelpcompaniesunderstandwhathappensbothinthestoreandafterapurchase.Below,wesharehighlightsfromourmeetingswiththesecompanyleaders.

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“WhoIsTheConnectedAthlete?”OurCrowd,anequitycrowdfundingcompany,launchedapartnershipwithLeAD,asportstechacceleratorbackedbytheAdiDasslerInternationalFamilyOffice.OurCrowdandLeADcelebratedthelaunchoftheirpartnershiponTuesdayeveninginTelAviv,alongwithmorethan100attendees.

Source:ourcrowd.com

HorstBente,CEOofAdiDasslerInternationalFamilyOffice,presentedLeAD’smissionandvision:todiscoverhigh-potentialinnovationinsports-relatedproductsandservicesonaworldwidescale.Bente,grandsonofAdidasfounderAdiDassler,saidhe“wouldliketomakethelegacyof[hisgrandfather]comebacktolife.”Hesaidhisfamily’swishistocreateaglobalsportsaccelerator.LeAD’sfirstacceleratorlaunchwillbeinDecemberinBerlin.

FungGlobalRetail&TechnologyManagingDirectorDeborahWeinswiggaveapresentationtitled“WhoIstheConnectedAthlete?”atthelaunchevent.Shenotedthatmorethan$1billionwasinvestedinsportstechnologylastyearandexplainedthatfuturesportsbrandswillofferconsumersmorethanjustaproduct—theywillcreateasportsecosystem.NotableexistingecosystemsincludeUnderArmour’sfitnesscommunity,whichincludes165millionusersservedbythecompany’svariousapps,andAdidas’smiCoachwearabletechnologysystem.UnderArmour’snetworkwasbuiltthroughacquisitions;thecompanypaidmorethan$700millionfortheMapMyFitness,MyFitnessPalandEndomondoapps,whichinteractwithitsUARecordapp.

TheconnectedathletewillmostlikelybefoundinChina,Weinswignoted.In2016,58.2millionChineseconsumersusedfitnessandnutritionapps,andthisnumberisexpectedtogrowataCAGRof9.5%from2017to2021.Chinaisalsodevelopingitsownfitnessapps,suchasKeepandCodoon.

Weinswigalsosaidthatsmartwatchesandfitnessbandsdominatetoday’swearablesmarket,whichisexpectedtogrowfrom$15billioninvaluein2016to$21billionin2017,accordingtotheCTA.IDCexpectssmartclothingandaccessories’shareofthewearablesmarkettogrowfrom2.2%in2016to7.3%by2020.Today’swearablesofferreal-timecoaching(asexemplifiedbyOakley’sRadarPace)andenhanceperformance(as

Source:FungGlobalRetail&Technology

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exemplifiedbyHaloSport’sheadphones,Vi’sartificialintelligencepersonaltrainerandtheIBMWatson–enabledtechnologyofferedbyUnderArmour).

Connectivityandgamificationenablehealthycompetitionbyusingelementsfromvideogamessuchasbadges,levels,prizesandleaderboards.Fitnessbandstrackprogressversusgoalsandallowthewearertocompetewithandchallengefriendsorstrangers.AndthePelotoncycleenablestheridertoaccessawidevarietyofworkouts,participateinliveandon-demandridesandclasses,andshareworkoutstosocialmedia.

Yetmanywearablesstillendupinthesockdrawer.Fitbitreporteda70%churnin12monthsinitsIPOfilingandGartnerreporteda29%abandonmentrateforsmartwatchesanda30%rateforfitnesstrackers.Thereasonsconsumersciteforabandoningthesedevicesincludenotfindingthedeviceuseful,gettingboredwithit,breakageoritbeingaestheticallyunappealing.

Source:efi.com

Technologyhasalsoenabledtheriseoftheprofessionalvideogamer,or“cyberathlete.”Globalrevenueforcompetitivegaming,ore-sports,isestimatedtohavehit$890millionin2016,up19%from2015,accordingtoSuperDataResearch.Asialeadsthesector,comprisingabout37%oftheglobalmarket,ande-sportsparticipantsskewheavilymale.

Virtualreality(VR)technologyhasenabledaspectatorexperiencethatisalmostbetterthanbeingatasportseventinperson.VRprovidesnewwaystoreachplayersandfanswhoareviewingsportsoutsidestadiums,arenasandpitches.

Inaddition,stadiumsarebecomingconnectedinordertoenhancetheviewingexperience.Connecteddevicesandbigdataareusedtotransforminsightsandoffergeopersonalizedexperiences.Viewerscanusesuchtechnologytoorderfoodtobedeliveredtotheirseatsandtocreatereplaysandviewreal-timefootageonsmartphones.Vendorscanalsousethetechnologytomanagecrowdflowandstockitemsmoreintelligently.

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ReplayTechnologiesalsopresenteditsmixed-realitysolutionattheleadsportstechacceleratorlaunchwhichwasmostrecentlyhighlightedattheSuperBowlandtheOlympics.ReplaywasacquiredbyIntelinMarch2016for$170million.Replayprovidesa“freeD”videoformatthatuseshigh-resolutioncamerasandintensegraphicstoallowviewerstoexperiencesportingeventsfromanypointofview.AvivShapira,co-founderofReplaysaidthatfreeDhasthepowertoredefinehowconsumerswatchsports.Withveryfewsurroundingdetails,thecompanyannouncedthatitislaunchingMacore,which“willenhanceandenrichthehumanexperiencebyextendingourpresencebeyondtheknownlimitsoftimeandspace.”

DigitalDesign,Marketplaces,SocialCommerceandBrandAnalyticsWealsometwithexecutivesfromEFI,aleaderindigitaldesign,aswellaswithleadersfromstartupsthatfocusontechnologysolutionstohelpretailersconnectwithconsumersatnearlyeverystageofthepurchasejourney.Thesestartupsfocusonmarketplaces,socialcommerce,analyticsforunderstandingwhathappensbothduringandafterapurchase,andbranding.

EFIMakingDesignHigh-TechEFIisusing3Ddigitalsamplinginthefashionandapparelindustry.Thecompanyistaking2Dto3D,movingdesignfromlow-techtohigh-tech.EFIisworkingwithUnderArmourtoprovidethecompanywithtoolsthatallowittocollaboratedirectlywithdesigners,therebysavingtimeandresources.

Source:efi.com

Withdigitaldesign,thedesignprocesscanbereducedfromtheaverageofsixmonthsfromdesigntoproductiontotwomonthsforacompletedgarment.Itimprovesthesupplychainworkflowbyreducingthenumberofrequiredsteps,suchastheneedtocreateprototypes.Anotherbenefitisthatdigitaldesignmeansfewerfittingsarerequired.Finally,digitaldesignprovidesflexibility,allowingforfastdecisionmakingwithquickon-screenupdatesproviding3D,real-timeresultsthatuserscansee,updateandmanage.Allofthesebenefitshelpapparelcompaniessavetime,laborandmaterialcosts.

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Marketplace“Remarketing”WealsometwithDSMTool,whichautomatesthedrop-shippingbusinessbyallowingmanufacturerstoshipgoodsdirectlytotheretailerorconsumer.DSMTooldefinesitselfasa“marketplaceremarketer.”Itmanagesthedrop-shippingprocessandhelpsenableonlinedrop-shipping.DSMToolisaplatformforclientswhohaveeBayshops,buttheserviceisintendedforanyonewhohasamarketplaceshop.Theplatformhelpsclientspriceitems,andremarketstheitemsatahigherprice.Today,DSMToolworkswithapproximately1,500eBaysellers.

Marketplacesarethenextwaveforbrandsbecausetheyoffermanybenefits,includinglowornoinventorycost,lowriskandhighcustomersatisfaction.Manytraditionalretailersarepursuingmarketplacesasacomplementtotheirretailstrategy.

Source:DSMTool.com

SocialCommerce:BringingtheStoretotheTrafficMobilibuycreatedasoftwareplatformthatenablesbrands,retailersanddistributorstocreatevirtualstoresanywhere.Thecompanyplacesdigitalscreensindesiredlocationsandconvertsthemintostorefronts.Theproductofferingshownonthescreenismodifiedbasedonthetime,dateandshopperprofile.Consumersareabletospotandshoptheproductusingamobiledevice,andbuyit.Thegoalistobringthestoretowheretheconsumersare.Mobilibuy,thereisnopersonnel,nophysicalstoreandnoneedtomaintainstockinpopularareas,whererealestatecanbeamajorexpense.ThecompanyiscurrentlyworkingwithYahoo!,theBrooklynNets,theNBA,KraftandUnilever.

Source:FungGlobalRetail&Technology

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Analytics:HelpingtoInformBefore,DuringandAfterPurchaseADeensisusingin-storedigitalsignstoaffectthecustomerexperience.Thecompany’smissionistoincreaseandoptimizesalesforretailandgrocerychains,anditbelievesitisprovidingthevisionofhowstoresshouldlookinthefuture.ADeensusessmart,automaticallygeneratedadsthatarecreatedbasedoninformationfromaretailer’sERPsystem.Theserviceautomaticallygeneratessales-pushingcommercialsbasedonsuchinformation,anditreliesondevelopedmachine-learningalgorithmstolaunchtheseadsoncontrolledscreens.

Source:ADeens.com

Personaliisaretailtechnologysoftwarecompanyfocusedonmachinelearning.Itsplatformpredicts,inrealtime,aconsumer’swillingnesstopay,andoffersdifferentlevelsofincentivesbasedonbehavioraleconomics.For

example,anincentivewindowwillappearandoffertheconsumeradiscountifheorsheusestheofferwithinacertainamountoftime.Iftheconsumerisabouttoabandonacart,itmayofferagame.Personaliisnotaloyaltyprogram;rather,itoperatesonaretailer’ssite,unseenbytheconsumer.Thesystemusesnumerousparameterstodrawelasticitycurvesofsegmentsofwhatpeoplewillpaybasedonprice—discountforconversion.Thecompanyreportsthatitsmodelishelpingdriveconversionlevels30%higherandthatthoseconversionratescanbereachedwithdiscountsoflessthan5%onproducts.

Source:FungGlobalRetail&Technology

Source:FungGlobalRetail&Technology

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Source:Personali.com

AwearSolutionsmakeswearingclothesacustomerloyaltyexperiencebyrewardingconsumerbehaviorandcontinuouslygatheringdataaboutanitem’susageafteritleavesthestore.Today,fashionbrandsdonotknowwhatreallyhappenstotheirproductafteritleavesthestore.

AwearcreatedachipthatallowsfashionbrandstousetheIoTandbigdataanalyticstolearnaboutandrewardcustomerbehaviorpost-purchase.ConsumerscanuseAwear’smobileapptoreceiverewardsforwearingapurchasedfashionitemoraccessoryandtoreceivetargetedpromotionoffersatspecifictimesandlocations.

Source:AwearSolutions.com

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NielsenInnovateFund,anIncubatorFocusedonEntrepreneurswithAccesstoNielsenandFortune1,000CompaniesFoundedin2013,theNielsenInnovateFundisanearly-stageincubatorandinvestmentfundfocusedonanalytics,artificialintelligence,bigdata,retail,e-commerce,marketresearch,consumerbehavior,theIoT,media,VR/AR,campaignmeasurement,advertisingandmarketing.NielsenInnovateoperatesanincubatorunderalicenseagreementwithTheOfficeoftheChiefScientistofIsrael.Thefund’sgoalistohelpearly-stagestartupsbecomesuccessfulbyprovidingmentoring,operationalsupportandintroductionstoinvestors.Theincubatorsupportsentrepreneurswhopossess“disruptiveandopportunisticdigitaltechnologyknow-how”andarelookingtoconvertideasintoprojectsandglobalbusinesses.

Thefundprovides$2millioninseedfunding,withadditionalfundsbasedonprogressandfollow-onrounds,aswellascollaborativeworkspace,strategicguidanceandadministrativesupport.

Source:Nif.vc

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Day 3

Israel Technology Innovation Tour 2017

The OurCrowd Global Investor Pre-Summit, Innovation at Large Corporations and “Getting It Right”

1) OnWednesday,February15,theFungGlobalRetail&TechnologyteamattendedtheOurCrowdGlobalInvestorPre-SummitCorporateVIPDayinJerusalemaspartofourIsraeltechnologyinnovationtour.OurCrowdisoneoftheworld’slargestcrowdfundingorganizations,andtheeventfocusedoninnovationatlargecorporations.

2) Approximately150multinationalandcorporatepartnersattendedtheevent.OurCrowdCEOJonMedvedgaveopeningremarks,whichwerefollowedbyapresentationfromEyalEliezer,Strategy&MarketingofForeignInvestment&IndustrialCooperationattheMinistryofEconomyandIndustry,Israel.

3) Thedayalsoincludedtworoundtablebreakoutsessionsonthethemeofinnovationatlargecorporations.ThefirstsessionwasledbyElironEkstein,ProgrammeLeadatShell,andGalZellermeyerandEyalRoashofDropbox.ThesecondsessionwasledbyDeborahWeinswig,ManagingDirectorofFungGlobalRetail&Technology,andOdedMeirav,Manager,GEGlobalResearch,IsraelTechnologyCenter.

4) TheinnovationmodelsusedbyShellandDropboxarefocusedonthecustomerandtheendproduct.Shellisinnovatinginordertosurvive,whileDropbox’scompanyDNAencouragesrisktaking.

5) Li&FungandGEarebothmorethan100yearsold,andbothuseinnovationmodelsthatencouragepartnershipswithstartups.Li&FungishelpingtobuildpartnershipconnectionstokeepretailhealthyandGEisusingpartnershipsto“injectlifeandspirit”intothecompany.

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TheColonyRestaurant,Jerusalem,siteoftheOurCrowdGlobalInvestorPre-SummitSource:FungGlobalRetail&Technology

OnFebruary15,weattendedtheOurCrowdGlobalInvestorPre-Summitalongwithmorethan150industryleadersfromaroundtheworld.Thethemeofthedaywasinnovationatlargecorporations.Theeventincludedbreakoutsessionsfocusedoninnovationstrategies,bestpracticesandchallenges.Additionally,therewasaguestpresentationfromEyalEliezer,Strategy&MarketingofForeignInvestment&IndustrialCooperation,MinistryofEconomyandIndustry,Israel.EliezerprovidedamacroviewoftheIsraelistartupenvironment.

OnthethirddayofourtourofIsrael,weheardfrom:

• JonMedved,FounderandCEO,OurCrowd

• LalyDavid,BusinessDevelopmentPartner,OurCrowd

• EyalEliezer,Strategy&MarketingofForeignInvestment&IndustrialCooperation,MinistryofEconomyandIndustry,Israel

• ElironEkstein,ProgrammeLead,Shell

• GalZellermeyer,Dropbox

• EyalRoash,Dropbox

• OdedMeirav,Manager,GEGlobalResearch,IsraelTechnologyCenter

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SuccessfulCompaniesTakeRisksTheOurCrowdGlobalInvestorPre-SummitopenedwithwelcomingremarksfromOurCrowdCEOandFounderJonMedved.OurCrowdwasfoundedinFebruary2013andhasraisedmorethan$400millionformorethan110portfoliocompanies.Itisoneofthelargestcrowdfundingorganizationsontheplanet,accordingtoForbes.Medvedadvisedthatsuccessfulcompaniesarethosethatinnovateandtakerisks.LalyDavid,theheadofOurCrowd’sbusinessdevelopmentefforts,pointedoutthattakingrisksisimportantbecausechangeoftenpromotesgrowth.Medvedsaidthatpartnershipsbetweenmultinationalcorporationsandstartupscanfostercollaborativeinnovation.OurCrowdhasinvestedincompaniesthatarecreatingmachine-learningtechnologytopreventprescriptionerrors,anti-collisionsystemsforrentalcars,and3Dvideoforlivereplayatsportingevents.

IsraelIsInvestinginStartupsandPromotingOne-StopShopandIntellectualProperty(IP)IncentivesEyalEliezer,ofIsrael’sMinistryofEconomyandIndustry,offeredamacroeconomicperspective.Hepresenteda“one-stopshop”solutionforforeigninvestorsconsideringinvestinginIsrael.Investorsreceivefull-servicesupport:thegovernmentexploresalloftheinvestmentprocessesinIsrael,mapspotentialobstaclesandcreatesgreenlanesinordertoassistinvestors.TheMinistryworkswithlocalgovernmentministries,taxauthoritiesandplanningcommissionstoguideinvestorsthroughtheprocess.

SlidefromapresentationbyEyalEliezer,Strategy&MarketingofForeignInvestment&IndustrialCooperation,MinistryofEconomyandIndustry,IsraelSource:FungGlobalRetail&Technology

JonMedved,OurCrowdFounderandCEOSource:FungGlobalRetail&Technology

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ThegraphicbelowhighlightshowIsraelispromotingIPincentivesinordertoretaintalent.

Source:SiteSelectionMagazine,January2017

Eliezerexplainedthatthegovernment’sincentivesreducethecorporatetaxrateto6%from12%forqualifyingIsraelicompanies(locatedwithincertainareasofIsrael)withconsolidatedrevenuesofmorethan$2.5billion.Hesaidthatcompaniesareshowinginterestintheincentivesandcomplimentedthegovernment’seffortsinproducingthiscompetitiveoffer.

RoundtableSession:InnovationModelsatLargeCorporationsAfterthemorningpresentation,thegroupdividedintotwobreakoutsessionstodiscussinnovationmodelsatlargecorporations.Thediscussionscenteredonhowcompaniesaretakingrisks,andthewaysthattheyareinnovating.Shell’sProgrammeLead,ElironEkstein,andDropbox’sGalZellermeyerandEyalRoashledthefirstroundtablediscussionandsharedhowtheirrespectiveorganizationsareapproachinginnovation.ShellandDropboxusedifferentinnovationmodels,butbothcompaniesarefocusedonthecustomerandtheproduct.

ShellIsInnovatingtoSurviveShellhasmorethan100,000employeesandhasbeenworkingwithOurCrowdoninnovationforoverayear.Becausetheenergyindustryisevolving,andmethodsofproducingrenewableenergyarealsoevolving,Eksteinsaidthatthecompanyhastoinvestinnewenergysolutionsinordertosurvive.Shellhasapproachedinnovationwithaneyeonthecustomer,meaningthatthecompanyislookingatconsumerbehaviorandmarketbehaviorregardingenergyconsumptionandthefutureofenergy.Itsinnovationmodelsincludein-house,externalandhybridsolutions.

Shellperformedastudyusinginternalandexternalpartnerstounderstandconsumertransportationconsumptionpatternsacrosstheentirevaluechain.Thecompanyinvestedinandsetupanin-houseventureandalsousedthird-partyventurestostudythesepatterns.ForShell,thiswasanew,hybridwaytostudyandsolveaproblem.Itledtodeeperinsightsintosame-daydelivery,andallowedthecompanytomakeinvestmentsinthespace.

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Usingexternalpartners,thecompanycreatedtheFarePilotapp,whichhelpstaxi,UberandLyftdriversfindridersfaster.Theapppullsdatafromsocialmediaandweathersites,andcombinesthatinformationwithotheranalytics.Theprojectiscurrentlyseekinginvestors.

Inaddition,Shellusedinternalinnovationteamstodevelopacarperformance-trackingdevicethatenablesconsumerstomonitortheircar’sperformanceviaanapp.Theteamislookingatdistributionchannelsandatplacingthedeviceinvehiclestoupsell.ThethreeinnovationmodelsdemonstratehowShellisusingdifferentapproachesandresources,bothinternalandexternal,tosolvedifferentproblems.

Risk-TakingIsintheCompanyDNAatDropboxDropbox—amuchsmallerorganizationthanShell,with600peopleinfourofficesacrosstheworld—takesathree-leggedapproachtoinnovation,accordingtoZellermeyer.First,thecompanyonlyhiresengineerswhotakerisks.ThisisthecompanyDNA.Itsengineersthinklikeusersandsolvecustomerproblems.Second,DropboxisheavilyinvestedinitsannualHackWeek,whichisawayforemployeesto“turntheideasthatthey’vebeendreamingupintoreality.”TheyearlytraditionallowsthecompanytoexplorehowtomakeDropboxbetterforusers.Zellermeyersaidthatapproximately70%ofthecompany’sideasareconceivedbasedonquestioninghowaproductcanbemadebetterforeithertheemployeesthemselvesorforcustomers.RoashaddedthatoneofhisideasfromthelatestHackWeekwasacceptedandbecameaproduct,whichissomethingheisveryproudof.Finally,thecompanyfocusesonmakingacquisitionsandbringingentrepreneurswhohavegreatideastothecompany.

RoundtableSession:Two100+-Year-OldCompaniesEncourageInnovationThroughStartupsDeborahWeinswigco-ledthesecondpaneloninnovationmodelsatlargecorporationswithOdedMeirav,Manager,GEGlobalResearch,IsraelTechnologyCenter.

Li&Fung’sCultureEncouragesInnovationWeinswighighlightedthatalthoughLi&Fung(theparentcompanyofFungGlobalRetail&Technology)ismorethan100yearsold,thecompany’sculturecontinuestoencourageandembraceinnovation.Specifically,FungGlobalRetail&Technology,thethinktankarmoftheorganization,engagesinresearchonemergingretailtechnologycompanies.Theteamhelpsconnectstartupswithretailersandbrands,andworkswithtechnologypartnerswiththeendgoalofmakingretailprosperous.FungGlobalRetail&TechnologyalsohostsquarterlyBreakfastwiththeDisruptorsevents,whereseveralstartupsareinvitedtopitchtheirbusinessestostakeholdersandinvestors.TheeventsareheldatLi&Fung’sfacilitiesandprovideanopportunityforinternalstakeholderstomeetandexplorecollaborationswithotherpartners.

Additionally,thecompanyhostsinternalcompetitions,suchasTheKitchen,inwhichemployeesparticipategloballyinbrainstormingsessionstosolvereal-world,real-workproblemssuchas“Howcanweshortenthesupply

GaiZellermeyerandEyalRoashofDropboxSource:FungGlobalRetail&Technology

DeborahWeinswig,ManagingDirector,FungGlobalRetail&Technology,andOdedMeirav,Manager,GEGlobalResearch,IsraelTechnologyCenterSource:FungGlobalRetail&Technology

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chaincycle?”Thishelpsencourageacultureoffreethinkingandcreativity,whereparticipantscollaborateandnoideaisdeemedtoooutrageoustobeconsidered.Thecompanyimplementswinningsolutionsandrewardsthosewhoproposethem.SeniorleadersattendSingularityUniversity,whichintroducesthemtonewtechnologiesandhelpsbringthemalonginunderstandingthelatestindustrychangesandbestpractices.

GEReinventsItselfwithFocusonCoreCompetencyGEisa125-year-oldcompanymostfamousforitshardware,industrialdesignandjetengines.Thecompanyhashadtoreinventitselfagaininthelastnineyearsduetotheeffectsofthe2008recessionandthe9/11attacks.AccordingtoOdedMeirav,GEbelievesthatcomplicatedtechnology,suchasjetenginedesignandrobotics,isitscorecompetency,andthatthecompanywouldnotbesuccessfulincommodityproductsornichemarkets.MeiravsaidthatGEenjoysacompetitiveadvantageinareaswherethebarrierstoentryarehigh—forexample,jetenginedesign.Therefore,companyhasdecidedtocontinuetoinvestinitscorecapability,deeptechnology,foritsfuture.GEhasinvestedinaglobalR&DcenterinIsrael,whereitconductsresearchforalltechnologyonallfutureproducts.GEalsoisinvestinginadvancedmanufacturingintheareasofroboticsand3Dprinting,andthecompanywantstoapplythistechnologytotheindustrialworld.GEVenturesisanewstand-alonecorporateentityinSiliconValleythatinvests$100millionayearintechnologyventures.

Thecompany’sGEDigitaldivisionwascreatedbasedonthebeliefthathardwareanddatawillbecombinedinthefuture.ThecompanyhaslaunchedGEDigitalIsrael,GEIndustrialIsraelandGEGlobalIsrael,allofwhicharelookingatinnovationinIsrael.MeiravsaidthatGEbelievesdatawillgenerateasubstantialportionoftherevenueofthefuture.Thecompanyrecognizesthatitisnottheonlygameintown,soitispartneringwithstartupsthatexcelandtakerisks.GEhaslauncheditsownindustrialIoTbypartneringwith16companies.ThegoalofalloftheseinnovationeffortsistomakeGEmoreopenandagile,likeastartup,andtoinjectthatspiritintotheentireenterprise.

OurCrowdGlobalInvestorPre-SummitSource:FungGlobalRetail&Technology

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Israel Technology Innovation Tour 2017

OurCrowd Global Innovation Summit and “The Future is Here”

1) OnThursday,February16,thefourthandfinaldayofourIsraelinnovationtour,theFungGlobalRetail&Technologyteamattendedthe2017OurCrowdGlobalInvestorSummit.Theevent’sthemewas“TheFuture,”andapproximately4,000businessleadersfromaroundtheglobewereinattendance.

2) OurCrowdisoneofthelargestcrowdfundingorganizationsintheworld,accordingtoForbes.Theorganizationhasraisedmorethan$400millionformorethan110portfoliocompaniessinceitslaunchinFebruary2013.

3) Israelcontinuestobeaprimelocationfornewstartupsandinvestments.Thecountrysaw$4.8billioninvestedinhigh-techventuresin2016,a120%increasefrom2013.Voicerecognition,digitalhealthandagriculturetechareamongthetoptrendsdrivinginvestment.

4) AttheOurCrowdsummit,DeborahWeinswig,ManagingDirectorofFungGlobalRetail&Technology,participatedinapanelcalled“WagtheElephant:InnovatingatBigCompanies”thatincludedexecutivesfromMicrosoft,Innogy,DropboxandHonda.

5) TheFungGlobalRetail&Technologyteamalsoparticipatedina“startupspeeddating”eventatthesummit.WemetwithleadersfromJumpspeedVentures,aJerusalem-basedventurecapitalfund;Freightos,alogisticscompanythathascreatedanonlinefreightquotetool;ModLi,aonlinemarketplaceformodestclothing;andInvertex,makerofanomnichannelfootwearfit-scanningsolution.

Day 4

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OurCrowdGlobalInvestorSummitisthebiggestequitycrowdfundingeventintheworldanditfeaturedkeynotespeakerswhodiscussedinnovation,technologyandglobalization.HeldinJerusalem,thesummitwasattendedbymorethan4,000industryleaders,morethandoublethenumberofattendeesthepreviousyear.Themajorthemeofthedaywas“TheFuture,”andtherewasalsomuchdiscussionofcollaboration.Theeventincludedpresentations,panelsessionsandone-on-one“speeddating”networkingsessions.Oneparticipantaffectionatelyreferredtothesummitas“networkingonsteroids.”

The2017OurCrowdGlobalInvestorSummitattheJerusalemInternationalConventionCenterSource:FungGlobalRetail&Technology

Atthesummit,weheardfromanarrayofexecutivesandleaders,including:

• JonMedved,FounderandCEO,OurCrowd

• LalyDavid,BusinessDevelopmentPartner,OurCrowd

• ElanZivotofsky,GeneralPartner,OurCrowd

• NirBarkat,MayorofJerusalem

• DavidBleicher,CEO,Invertex

• AriLeonFruchter,HeadofBusinessDevelopment,Freightos

• ZviSchrieber,CEO,Freightos

• NavaBrief-Fried,Co-FounderandCEO,ModLi

• BenWiener,Founder,JumpspeedVentures

• MeirMorgenstern,SiteLead,Dropbox

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• RuthyKaidar,ChiefStartupsandDeveloperRelationsLead,MicrosoftIsrael

• NickSugimoto,SeniorProgramDirector,HondaSiliconValleyLab

• InkenBraunschmidt,ChiefInnovationOfficer,Innogy

OurCrowdGrowsfrom$100Millionto$400MillioninThreeYearsThesummitopenedwithawelcomeaddressfromOurCrowdFounderandCEOJonMedved,whohighlightedtheglobalnatureoftheevent.Medvedsaidanestimated82countrieswererepresentedatthesummit,alongwith300startupcompanies,250venturecapitalists,200multinationals,170visitingjournalistsand6,000registeredattendees(anestimated4,000actuallyattended).

OurCrowdwasfoundedinFebruary2013,andMedvednotedthatithasraisedmorethan$400millionformorethan110portfoliocompaniessinceitsinception.

SlidefromJonMedved’sopeningremarksatthe2017OurCrowdGlobalInvestorSummitSource:FungGlobalRetail&Technology

Jerusalem:AGrowingCityWhereEveryoneIsWelcomeMedvedthenintroducedJerusalemMayorNirBarkat,whospokeabouthislifeasanentrepreneurandaboutJerusalem.HedescribedJerusalemasacitywhereeveryoneiswelcome.“Therearenoguestsandnohosts.Itisnotjustthepast,itisthefuture,”hesaid.AccordingtoBarkat,tourismandhealth/lifesciencesaretwoindustriesthataregrowinginJerusalem.Hesaidthatfouryearsago,therewere250technologycompaniesinJerusalem,buttodaythereare600.HealsosaidthattherearegreatopportunitiesinJerusalemforyoungcompaniesthatwanttolocateandgrowtheiroperationsinthecity.

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NirBarkat,MayorofJerusalemSource:FungGlobalRetail&Technology

Medvedechoedthemayor’scommentsaboutJerusalembeingripeforinvestment,andpresentedtwocontrastingslidesoftheventurecapitalpicturethatillustratedhowIsraelhasthrivedinadecliningmarket.“Worldwideventurecapitalactivitydeclined24%andventure-backedexitsdeclined26%yearoveryear,”Medvedsaid.HethencontrastedthatglobaltrendwiththetrendinIsrael,wherehigh-techcapitalgrewby120%from2013to2016.

SlidefromJonMedved’sOurCrowdGlobalInvestorSummitpresentationSource:FungGlobalRetail&Technology

WhyisIsraelreceivingsomuchinvestment?Medvedsuggesteditispartiallybecausethecountry’sentrepreneursfocusondifficult,high-techareassuchasmachine-learningalgorithmsanddronetechnology.Headdedthat60%ofmilitarydronescomefromIsrael,andsaidthecountryleadstheworldinautonomousvehicletechnology.Sportstechnologyandagriculturaltechnologyarealsocorestrengths.

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Top10TechTrendsthatWillChangeEverythingElanZivotofsky,OurCrowdGeneralPartnerandLalyDavid,OurCrowdBusinessDevelopmentPartner,thendiscussedthetop10techtrendsthatOurCrowdhasidentified:

1. Artificialintelligenceandmachinelearninggomainstream:Fasterprocessing,cloudcomputingand“trainingmachines”arealldrivingtruerevolution.Medvedadvisedthatcompaniesshouldfocusonapplicationsthatsolverealproblems.

2. VRandARbecomeacriticalbusinesstool:Thesetechnologiesarenolongerjustforentertainment;theyhavewideapplication.

3. Voice-drivenappsfilteroutthevoice:Thesearetheprimarymodeofhuman-machinecommunication.Cleaningthesignaliskey.Themissinglinkishearing.

4. Agtechdisruptstheworld’soldestindustry:Youngerfarmersaremoreopentotech.Theindustryisundergoingmassconsolidation.

5. Industrialandagriculturaldronestakeoff:Consumerapplicationsmaybefun,butmining,oil,gasexplorationandcropprotectionareamongtheareastowatchindronedevelopment.

6. Digitalrevolutionizeshealthcare:Digitaltechnologyisrevolutionizingtraditionalcareapproachesandolddatafornewapplications.Bigdata,computervisionandmachinelearningaredrivers.

7. Blockchainapplicationsfinallytakehold:Theblockchainisnolongerjustforbitcoin;thesharingeconomy,logisticsanddatasecuritywillalluseblockchaintechnology.

8. Spacetech:Governmentsnolongerdominatetheindustry,andcostreductionsdrivefunding.

9. Infrastructurebecomescritical:Cyberprotectionisasimportantasever.Securityisnowaboutprotectingalldigitalthings.Israelremainsinthelead.

10. Autonomousdrivingpicksupspeed:Withautonomouscars,itisjustamatteroftimebeforethecoretechnologybecomesmature.Israelisemergingasahubofinnovation.

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“WagtheElephant:InnovatingatBigCompanies”panelattheOurCrowdGlobalInvestorSummitLtor:MeirMorgenstern,SiteLead,Dropbox;NickSugimoto,SeniorProgramDirector,HondaSiliconValleyLab;InkenBraunschmidt,ChiefInnovationOfficer,Innogy;RuthyKaidar,ChiefStartupsandDeveloperRelationsLead,MicrosoftIsrael;DeborahWeinswig,ManagingDirector,FungGlobalRetail&Technology;andLalyDavid,BusinessDevelopmentLead,OurCrowdSource:FungGlobalRetail&Technology

Panel:“WagtheElephant:InnovatingatBigCompanies”Laterintheday,DeborahWeinswigparticipatedinapaneldiscussiontitled“WagtheElephant:InnovatingatBigCompanies,”whichfocusedonpartnerships,corporateculture,communication,brandingandworkingwithstartups.LalyDavid,BusinessDevelopmentLeadatOurCrowd,moderatedthepanel,whichincludedRuthyKaidar,ChiefStartupsandDeveloperRelationsLead,MicrosoftIsrael;InkenBraunschmidt,ChiefInnovationOfficer,Innogy;NickSugimoto,SeniorProgramDirector,HondaSiliconValleyLab;andMeirMorgenstern,SiteLead,Dropbox.Highlightsofthepaneldiscussionfollow:

Externalpartnerships:RuthyKaiderfromMicrosoftIsraelsaidthathercompany’sCEOtookthecompanyinanewdirectionafewyearsago.Thefocusbecamesellingservicesinsteadofsellingproducts.ThisshifthashadapositiveimpactonMicrosoft’spartnershipmodel.Today,Microsoft’spresenceinacountryenablescustomerstoleverageitssolutions.

Microsoftunderstandsthatstartupsarethenextformofpartnerships,andthatitisthepoweroftheecosystemandthepartnershipsthatallowstartupstosucceed.KaidarsaidthatMicrosoftbuiltcollaborationstohelpstartupsreachcustomersbecausealmosteverycustomerthatstartupswanttoreachisalreadyaMicrosoftcustomer.

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Innovativethinking:Whenfacedwithseverechallenges,GermanenergycompanyInnogyexploredmanyoptions,includingaugmentedreality(AR)andartificialintelligence(AI),withtheunderstandingthat,inthefuture,thecompany’sultimatecustomermaynotbeaperson.

Dropboxstillbelievesthatcompaniescangivepeopletheopportunitytodisruptandprovideideas.About30%oftheideasfornewDropboxproductscomefromthecompany’sannualHackWeeks,andcompanyculturedemandsthatemployeesthinklikeentrepreneurs.

Managementsolutions:DropboxSiteLeadMeirMorgensterndescribedhowmanyindividualsspendnearly60%oftheweek(orthreedayseachweek)managingtime.Thecompanyislookingforinnovativetechnologysolutionstofixthisveryrealproblem.

Prioritizinginitiatives:Microsoftdecidesthestrategyandpillarsthatitwillfocusonatthebeginningoftheyear.Thepillarswillnevercompete,andarehorizontal.

Rebranding:Ifaprojectdoesnothavesupportfromleadership,itwillalwaysbeapetproject.Innogy’sInkenBraunschmidtadvisedthatitisnotwisetotrytoconvinceeveryoneofanidea’svalueatthesametime,andsaidindividualsshouldlookforgoodpartnerswhocanhelptheteamsolveproblemsratherthantryingtosolveeverythingontheirown.

Bridgingcross-culturaldifferences:Li&Funghasa250,000-square-footspaceinShanghaicalledTheExplorium,wherepartnerscansharethespace,learnandexperiment.ThecompanyinvitesseniorleaderstoSingularityUniversitytoexperienceAR/VRandintroducethemtonewtechnologiesandtrends.Thecompanyalsoconnectslargecompaniestostartups;thegoalistofindtherightstartupthatfitsthecompany’sneeds,acrossborders.

WorkingwithIsraelistartups:EveryApril,FungAcademyholdsastartupparkevent.Lastyear,threeoutofthe12participatingstartupswereIsraeli,andthisyear,sixareexpectedtobeIsraeli.FungGlobalRetail&Technology’sexperienceworkingwithanumberIsraelistartupshasbeenpositive.OurteamhasfoundthatthestartupteamsareveryresponsiveandthatthetimezonedifferenceisfavorabletoNewYorkCity.Thestartupswehaveworkedwithseemtobeabletoanticipateourneeds,andtheyknowtheapparelbusinesswell.Inaddition,wehaveworkedwithIsraelistartupswithparticularexpertiseinRFIDtagging,voicerecognitiontechnologyandcybersecurity.

SpeedDatingOne-on-OneAfternoonNetworkingSessionswithStartupsTheFungGlobalRetail&Technologyteammetwithfourstartupsatthesummitin“speeddating”sessionsthatwereheldintheafternoon.Wemetwithleadersfromaninvestmentfund,amarketplaceformodestfashion,astartupthatcreatesfootwear-sizingsolutionsandalogisticssolutionsprovider.

RuthyKaidar,ChiefStartupsandDeveloperRelationsLead,MicrosoftIsraelSource:FungGlobalRetail&Technology

DeborahWeinswig,ManagingDirector,FungGlobalRetail&Technology,andLalyDavid,BusinessDevelopmentLead,OurCrowdSource:FungGlobalRetail&Technology

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JumpspeedVenturesisthefirstventurefundbuilttocapitalizeontheJerusalemstartupscene.From2012to2016,thenumberofnewstartupsinitiatedinJerusalemgrewby400%,andJumpspeedhasbecomethego-toinvestorforearly-stagestartupsinthecity.Jumpspeed’sfounder,BenWiener,establishedthefundinJanuary2014,andsinceinception,thefundhasbeenabletoidentifysomeofthebestJerusalemsoftwarestartupsattheearlieststages.Wienersayshehasestablisheda“sweetspot”ofcriteriathatallofhisinvestmentsmustmeet.

Jumpspeedisahybridventurecapitalfundandventurebuildermicro-VCfund.Overthepastthreeyears,ithasinvestedin11startups.MostofJumpspeed’sportfoliocompanieshavegoneontoraisemoneyfromotherinvestorsathighervaluationsandhavebroughttheirproductstomarket;onecompany,Breezometer,wasnamedbytheWhiteHouse’sGlobalEntrepreneurshipWeekprogramas“MostPromisingStartup”in2014.Wienerisindiscussionswithinvestorsabouthisnextfund.Thefocuswillcontinuetobeonearly-stagestartupsinJerusalem.

ModLiisamarketplaceformodest,modernwomen.Themarketplacewascreatedmorethan15monthsagoandisthego-betweenfor100differentboutiquesworldwide.ModLibelievesthatmodestycanbedefinedinmanyways,whichallowsittocatertowomenofdifferentlifestylesandreligions.Today,thecompanysellshundredsofdifferentmodestitems.Productsincludeformalandcasualdresses,shirtsandskirts,aswellasheadcoveringsandaccessories.Thecompanysellsitemsrangingfrompreteentoadultstyles,andinsizessmalltoplus-size.ModLisaysthat90%ofitssalesaremadeintheUS.Thewebsitereceivesmorethan150,000visitorseverymonth.FounderandCEONavaBrief-Friedsaidthecompanyhaslaunchedprivate-labelbrandsandthatthemarketpresentsmuchgrowthopportunity.

Invertexcreatedaretailandomnichannelsolutionthatscansthebodytoenablemoreaccuratesizing.Today,thetechnologyisbeingusedforfootwearandeyewear.Inlessthan10seconds,theInvertexappcanscanaperson’sfootandtelltheusertheexactsize/fitheorsheneeds,with95%accuracy.DavidBleicher,thecompany’sCEO,saidthatshoesizesdelineatedbydifferentcompaniescandifferbyupto1.5sizes.Hesaysthatvariationinsizingiscontributingtothe30%–40%onlineshoereturnrate,comparedwiththe8%rateforshoesthatareboughtoffline.Invertexissellingitsproductbothinstoresandonlinewithadownloadableapp.Currently,thebrandisworkingwithFamousFootwear.ItisalsoworkingwithPQEyewear,usingthetechnologyforfacialscans.ThecollaborationallowsPQtocustomizeeveryframebasedonfacesizeandshape.

BenWiener,Founder,JumpspeedVenturesSource:FungGlobalRetail&Technology

DavidBleicher,CEO,InvertexSource:FungGlobalRetail&Technology

NavaBrief-Fried,Co-FounderandCEO,ModLi,andArielCohen,MarketingandBusinessDevelopment,DeloitteSource:FungGlobalRetail&Technology

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Freightosisalogisticstechnologystartupthatoperatesaninternationalfreightmarketplacewhereretailerscaninstantlycompareglobalair,oceanandtruckingspotquotesfromdozensoffreightforwarders.Companiescanalsousethesitetobookandmanageshipmentsandgetlive,24/7support.TheFreightosmarketplaceislikeanExpediaforfreightpricing.Usersareabletoviewandmanagepricequotesontheirownwithouthavingtowaitforamanualpricequote,whichusuallytakesupwardsoffourdaysandtypicallydoesnotincludeanyoptions.

AFreightospricequoteSource:Freightos.com

AriLeonFruchter,HeadofBusinessDevelopment,Freightos,andZviSchreiber,CEO,FreightosSource:FungGlobalRetail&Technology

TheFreightostechnologyisalsousedforfreightpricingandroutinginternallyat90%oftheworld’slargestlogisticsproviders.Anumberoflargedistributers,includingSyscoFoodsandMarks&Spencer,alsousethecompany’ssolutions.

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AsthethinktankandknowledgebankfortheFungGroupandaglobalrosterofclients,ourinternationalteamofanalystsproducesindustry-leadingresearchandinsights.Ourpublicationsrangefromdailyupdatesonindustrytrendsandeventstodata-richanalyticalreportsondisruptors.Topicareasarebroadanddeep,spanningtheInternetofThingsandtheworldofwearables,luxuryandfashiontrends,omni-channelretail,andtheinfluenceofsilversandmillennials,amongothers.Mineourknowledgetohelpyourteamsparkinformedideas.

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