The platform also announced that its Labs/02 seed stage incubator, a partnership among OurCrowd, Motorola Solutions (NYSE: MSI), Reliance Industries (NSE: Reliance) and Yissum (the Technology Transfer Company of the Hebrew University of Jerusalem), will invest in up to 100 early stage companies over the next ten years a press release states.
The incubator, which focuses on cutting-edge frontier technologies like AI, deep learning, autonomous transportation and smart cities, plans to make initial investments in Keepers, which provides non-invasive tools to help parents cope with social media addiction and cyberbullying, and C2A Security, a revolutionary chip level security and safety platform for the next generation of automobiles.
OurCrowd founder and CEO Jon Medved, commented:
Just when recent data shows a 49% decline in early stage seed investments in Israel for 2017, OurCrowd is proud to be pouring more resources and investment into the critical seed investing arena. My personal roots were always in seed investment, and Moshe and his Labs/02 team are just what the market needs to revitalize the seed scene in Israel.
Find out more here.