OurCrowd and Cintrifuse recently announced a partnership that looks to expand #StartupCincy’s network into the innovation hotbed of Israel. As part of the collaboration, Cincinnati startups get access to OurCrowd’s equity-based crowdfunding platform. This partnership was made possible by the Cincinnati Jewish Foundation.
Historically, Cincinnati has enjoyed a strong relationship with Israel through the work of Greater Cincinnati non-profit organizations like the Cincinnati Jewish Foundation and the Jewish Federation of Cincinnati which both have long standing relationships within Israeli communities.
Cincinnati’s tie to Israel is further strengthen by programs like Cincinnati Children’s Hospital Medical Center’s Israel Exchange Program which has facilitated research and technological advances, trained scientists and pediatric providers and improved clinical care for children throughout the world.
“Cintrifuse’s involvement with OurCrowd is important for both #StartupCincy and for the City of Cincinnati,” said Tim Schigel, Cintrifuse Fund Manager. “The partnership with OurCrowd will only strengthen the City’s connection to Israel and increase the reach of our startup community.”
This partnership will also allow Cincinnati to serve as a landing pad for Israel-based startups interested in scaling and expanding in the US. The Regional Economic Development Initiative, (REDI), will actively work with OurCrowd’s leadership to identify Israeli startups that could potentially expand to Cincinnati.
[pullquote]The combination of the city’s support for startups and entrepreneurship and the thriving startup community that it has built, promises to make this a mutually beneficial relationship – Jon Medved[/pullquote]
Israel has been cited as one of the most vibrant innovation hubs in the world. The country, which has a population of only 8 million people, has a healthy community of founders and entrepreneurs, a booming real estate market fueled by innovation and more startups per capita than any other country in the world.
“We are proud to partner with #StartupCincy and the City of Cincinnati,” said Jon Medved, OurCrowd Founder and CEO. “The combination of the city’s support for startups and entrepreneurship and the thriving startup community that it has built, promises to make this a mutually beneficial relationship.”
OurCrowd is considered one of the leading equity crowdfunding platforms in the world. Their first fund totaled $12 million and mainly invested in seed stage companies. To date, the equity crowdfunding platform has raised over $150M for 80 startups. Cincinnati-based companies interested in using OurCrowd’s platform can learn more at www.ourcrowd.com.