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Israel Tech Innovation Fest Draws Asian Companies

The Jerusalem Post reports: The usual mix of international companies, startups, government representatives and investors descended on Tel Aviv for the annual DLD Innovation Festival, a celebration that has become the central event of Israel’s innovation week.

Amidst all the hubbub of schmoozing and networking, two major Asian companies announced the launch of accelerators in Israel.

The first was South Korea’s mobile giant Samsung, which launched the Tel Aviv version of its NEXT accelerator on Tuesday, following the opening of its Global Innovation Center (GIC) here on Sunday.

“The decision to open our Israeli office is rooted in the region’s strong startup ecosystem and world class talent,” said David Eun, president of Samsung’s GIC.

“The country also has a proven track record of software and services innovation and a deep expertise in areas that are particularly interesting to us,” he added.

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