US/World News

Chinese interest in Israeli tech spurs investment summit

( Tel Aviv will host the “INNONATION: China-Israel Investment Summit” from Sept. 24-26, following the success of a similar summit held in January 2016 in Beijing. The joint Israeli-Chinese conference is supported by both nations’ governments. It will be held at the David Intercontinental Hotel in Tel Aviv and will host more than 1,000 Chinese investors and strategic partners, as well as 500 Israeli high-tech companies and entrepreneurs from a variety of fields. The INNONATION summit is a joint initiative of Israel’s Ministry of Economy and the Infinity Group, and has already secured the participation of more than 40 investors from Chinese investment funds, according to the Israeli business news outlet Globes. “I expect that the vast majority of the Israeli venture capital funds which will raise capital in 2016 will include at least one Chinese investor,” said Ziva Eger, head of the Foreign Investments and Industrial Cooperation Authority at the Israeli Ministry of Economy.

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