Chinese investors are actively seeking opportunities in Israel, as evidenced in the first China-Israel Technology, Innovation and Investment Summit which took place this week in Beijing. Interview with Commercial Attache Ophir Gore, and Israeli participants.
“This event is by far the most impressive gathering of Israeli and Chinese business people that has taken place to date,” says Ophir Gore, Israel’s Commercial Attache in Beijing. “Chinese investors are so keen to invest in Israeli technologies and companies, its really impressive.”
The two day conference, which wrapped up yesterday, brought a delegation of over 300 Israeli business people from various sectors to Beijing for over 1500 meetings with Chinese investors and business leaders.
One of the number of cleantech companies in China for the event is SunBoost, whose Founder and CEO Yair Salomon, complemented the conference’s organizers: “I came to the conference with expectations to meet potential partners and customers and the conference exceeded my expectations. SunBoost’s disruptive technology for installing solar panels on greenhouse fits China’s need like a glove and we were approached by many interested companies and parties. I strongly believe that some of these will mature to closing deals. I estimate that this conference has accelerated SunBoost market penetration to China by at least half a year if not more than that. I would like to thank the organizing team in China and Israel for the effort and congragulate them for the success.”
Another participating company was UniVerve, which develops algae solutions for biomass, an alternative fuel, and other uses. We spoke with CEO Ohad Zuckerman: “There is demand in China for our solution. We’re already in negotiations for a microalgae project of over 60 acres, in the framework of a joint venture with a Chinese company. This summit event was very impressive, and we gathered a lot of leads which look promising. Now the real work begins, following up on those leads and translating them into business.”
“China has pressing needs which Israeli cleantech companies can help to meet,” explains Ophir Gore. “The pollution problem is foremost on their minds and the area of northern China is suffering a major water shortage. Israeli companies and technologies offer a variety of relevant solutions in these and other arenas.”
The level of attendees at the event was impressive. “CIC – China Investment Corporation – is one example,” says Gore. “Their portfolio is over $600 Billion and they had 12 representatives attending the Summit, looking for investment opportunities with Israeli companies,” says Gore.
The participating cleantech companies at the event are active in various cleantech arenas including water efficiency, irrigation, alternative energy, agritech and environment, and included: Water-Gen, UniVerve, Terragenic, Sunboost, New [email protected] Fuels, Ldd Advanced Technologies, Kaiima, IDE Technologies, EST Ecological Systems, Bermad, Aquanos and AMS Technologies.
The Israeli delegation included Minister of National Infrastructure, Energy, and Water Resources Yuval Steinitz, Ministry of Economy and Industry director general Amit Lang, and Oded Distel, Head of Israel NewTech and the Investment Promotion Center.