21 Israeli companies get a boost into Taiwan
Sharon Alalouf, VP Business development APAC, Cellwize (center) signs her company distribution agreement with eFormula Technology within IP² Plus innovation program.
(photo credit: NATI LEVI)
The IP² LaunchPad innovation program is in its second year of operations in Israel, and is now launching two further programs for Israeli companies.
Some 21 Israeli companies have been chosen to participate in three soft-landing programs in Taiwan, said i2i, the largest software incubator in Taiwan. The IP² LaunchPad innovation program is in its second year of operations in Israel, and is now launching two further programs for Israeli companies. The IP² Plus program is a continuation program for veteran Israeli companies that would like to penetrate into new markets; and the IP² Sustainability program, which runs in cooperation with Startup Nation Central, generates progress in the sustainability area. The three programs operate at the Startup Terrace innovation center, which is supported by the Small and Medium Enterprise Administration of Taiwan’s Economic Affairs Ministry. The Taiwanese economy is growing rapidly in 2021, and is a significant target market for Israeli companies, particularly in technological sectors, i2i said. The participating companies will be provided with resources and connections to accelerate their activities in Taiwan. Six of them have already signed agreements for distribution or for clinical trials. These include Onvego, which developed a platform for implementing speech solutions in devices and applications, and which signed with Syscom, one of Taiwan’s key system integration player; InCyber, which specializes in cybersecurity and which signed with Lydsec, a leading security authentication solution provider; and Cellwize, which is the developer of a software platform for optimized administration of cellular networks and which signed with eFormula Technologies, a company focused on the telecom industry. In addition, OutSense, which specializes in digital healthcare signed a clinical trial agreement with Show Chwan, Taiwan’s major health system; QualityLine’s, whose analytics optimize quality and efficiency in manufacturing, signed an agreement with Might Electronics; and Fairtility, which develops solutions using AI and big data to boost the efficiency of in-vitro fertilization, signed an agreement with Nuwa Healthcare, a medical group that is committed to providing the most advanced reproductive medicine and infertility care in Asia. “Taiwan and Israel have been working for many years in cooperation and have signed many agreements ranging from the fields of health, agriculture and environmental protection to the fields of energy, water technologies, IT and communications,” said Stanley Tzu-An Tseng, Director of the Taipei Economic & Cultural Office in Israel.
“Israel’s innovativeness is known all over the world, and I’m happy at the expansion of our existing cooperative efforts and at the creation of cooperative efforts between Israel and Taiwan in new areas through the IP² LaunchPad program, for the second year in a row now, and with new programs included that have been set up in cooperation.”