The Junction News
5 articles
growth-positive
https://3dprint.com/190845/ybi-israeli-business-accelerator/
The Youngstown Business Incubator (YBI) has partnered with Israeli business accelerator The Junction to help Israeli tech startups enter the US market. The partnership forms the basis of the Israel-Youngstown Business Incubator Collaborative (I-YBI), which will provide business deals for tech and additive manufacturing startups in Israel. The collaboration is partially supported by Barak Rabinowitz, the managing partner at venture capital fund F2 Capital, which runs The Junction. The partnership is expected to result in many 3D printing business collaborations between the Mahoning Valley in Ohio and Israel.
PartnersInvestmentExpand
growth-positive
http://www.jpost.com/Business-and-Innovation/Italian-energy-giant-Enel-launches-innovation-hub-in-Tel-Aviv-460223
Enel, an electricity producer based in Italy, has opened its first innovation hub in Israel. The company sees innovation as necessary for its growth strategy and to compete with new sources of energy. The hub aims to connect with 300 start-ups annually and select up to 20 for a six-month program. Enel hopes that three to five of these start-ups will become commercial companies working in association with the company. The hub is seen as an example of a new mode of interaction between countries and businesses, based on innovation partnerships rather than traditional economic ties. Israeli companies traditionally viewed corporations like Enel as sources of branding and distribution, but now the focus is on the innovation itself as the product for corporations.
PartnersInvestment
http://www.startupdaily.net/2016/02/muru-d-announces-partnership-israeli-accelerator-junction/
growth-positive
Japanese co joins Genesis accelerator
The Junction, an accelerator program by Genesis Partners, has announced partnerships with Samurai Incubate and Munich Re. Samurai Incubate, a Japanese venture capital fund, will offer possible investments of $50,000-$100,000 for a 5% or 10% stake in the startups. Munich Re, a German reinsurance company, is interested in accessing cutting-edge technology and keeping up to date on new developments in the financial market. The partnerships aim to provide the startups with exposure to international companies and tailored consultation and training programs. The first cohort of startups is scheduled to end in January, with the second cohort accepting registrations until the end of the month.
Partners
growth-positive
http://www.jpost.com/Business-and-Innovation/Tech/The-Junction-countrys-oldest-accelerator-gets-a-makeover-402324
The Junction, a start-up accelerator in Israel, is changing its program to focus on fewer start-ups and increase its investment stake in the companies. Instead of accepting eight new companies for three-month sessions, The Junction will now select 20 companies for a two-day start-up boot camp and choose only four to six companies for a six-month period. Start-ups will be offered $50,000 in funding in exchange for 5 percent equity. The accelerator has big-name partners like SAP, Facebook, and Amazon to offer guidance and mentorship. The change is motivated by the crowded start-up space and the desire to find more investment opportunities for Genesis, the investment firm that founded The Junction. Graduating start-ups will compete for investments from Genesis.
InvestmentPartners