The global consortium Israel IoT Innovations-i3 Equity Partners (i3) has established an investment vehicle at Tel Aviv University to develop next-generation IoT and Industrial IoT technologies. The consortium includes Microsoft Ventures and other IoT leaders like GE Ventures, HNA EcoTech, Qualcomm Ventures and Tata.
“This one-of-a-kind collaboration of some of the world’s largest corporations, Israel’s leading academic institution and its largest venture capital fund, is a testament to the palpable confidence in the ability of Israeli entrepreneurs to come up with the next big thing that will transform our world,” said Nimrodi. “The fact that we were able to bring all these leading partners to one table, providing access to their technologies, markets and clients, and to attract top venture capital talent to lead this initiative, is indicative of the highly unique differentiators we will be offering to top entrepreneurs.”
“This novel IoT vehicle will be the first stop for IoT-related startups hoping to access the main global players in the IoT space,” said Kap. “With our unique and proprietary network, we will look for entrepreneurs who are adapting to changing markets in the IoT domain, and create products that matter. We will provide our portfolio companies with the resources they need to build great businesses by leveraging our partners’ strategic experience and extensive IoT industry connections.”