Vertex in the News | 2005
Tokyo hosting Israeli hi-tech, VC conference
Author: Zuri Dar
TheMarker.com, Mar 13, 2005
The Israel Venture Association and Israel Association of Electronic and Information Industries, IAEI, are holding a hi-tech-venture capital conference in Tokyo starting April 13, 2005, under the auspices of Trade, Industry and Employment minister Ehud Olmert.
The conference is being held in recognition of the strategic importance of the Japanese market for the Israeli high-tech industry, the IVA said in its announcement.
The Israeli delegates will also meet with Japanese capital market players and visit leading Japanese companies.
Tokyo was selected as the venue out of recognition of the strategic importance of the Japanese market, explained Yoram Oron, the founder of Vertex Venture Capital, who currently serves as IVA chairman.
"For many Israeli companies, Japan is a target market with significant growth potential for high-tech products," he said. It is also seen as a possible source for investments in Israeli hi-tech companies.
This is the first time that the heads of Israeli venture capital funds and electronic industries will hold organized meetings with the top leaders of Japanese industry, he said.
The IVA and IAEI cooperate in organizing hi-tech conferences at the leading centers of capital and technology in the world, with the aim of promoting exports from Israeli high-tech industries, encouraging global investors to invest in Israel and to promote international collaboration, said Avi Zeevi, a founding partner in Carmel Ventures.
Oron says Israel`s venture capital industry expects to raise close to $1.5 billion over the year, a significant proportion of the world`s venture investment.
"The current wave of new investments is based on the very strong reputation of the Israeli venture capital industry and the anticipated improvement in the political climate in Israel," he said.