SmartUp3 gets underway

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4 startups will be chosen in the third Globes-Bank Hapoalim SmartUp competition.

Register for SmartUp3. Globes Israels financial newspaper, in cooperation with Bank Hapoalim (TASE: POLI) is launching the third SmartUp competition for Israeli start-ups. As part of the program, Globes correspondents will track four startups, which will receive assistance of experts from technology incubators and accelerators and high-tech advisers of Bank Hapoalim. The basis of the program is that many companies with good, groundbreaking ideas get stuck in the initial stages, resulting in their failure to realize their potential.

The program is designed for Israeli start-ups which have already raised at least $100,000 in initial capital. All the companies selected for the program will receive, for three months, advice from high-tech and business experts in a range of fields important to the new startups, including marketing, financing, personnel management, and heading overseas.

To participate, register on the special page at the Globes website and tell us why your startup should be a contender. This year, in contrast to previous years, two programs have been built: a general program, i.e. a program for companies engaged in a range of content worlds besides financial technology; and a fintech program for companies developing financial technology products and services that have the potential to change and improve the lives of all of us. The companies participating in the program will receive a start-up package from Bank Hapoalim, including a high-tech bank account at preferential terms, and a NIS 20,000 grant.

This year, it was decided that senior high-tech and business advisers will provide close support for each of the companies. The four winners will receive close support from executives at top Israeli high-tech accelerators and incubators: Nielsen Innovate; 8200 EISP; Explore.Dream.Discover; and Moneta Seeds.

The Explore.Dream.Discover incubator is one of Israels most active incubators, which, in the past four years, has invested in more than 20 media, mobile, internet, software, and cyber companies. It is owned by Plus Ventures, part of the Moldawsky Group, and 2Bangels, owned by the Cheshin family and which currently has 16 portfolio companies.

The 8200 EISP entrepreneurship program is the initiative of veterans of the IDF Intelligence Corps Unit 8200. 8200 EISP was founded in 2010, and is considered as the first accelerator to operate in Israel. The program is a non-profit philanthropic venture which seeks to leverage the extensive network of Unit 8200 veterans to help new entrepreneurs from varied backgrounds, including those who did not serve in the unit.

The Nielsen Innovate incubator is the result of a collaboration between global information and measurement company Nielsen Holdings NV (NYSE: NLSN) and Partam Hi Tech Ltd., the investment arm of real estate mogul Igal Ahouvi. The incubator operates in the new media, internet, data analysis, consumer, and advertising industries, utilizing the business ties of Nielsen Holdings to help its portfolio companies and entrepreneurs.

The Moneta Seeds incubator was founded in 2015 to invest in fintech, internet, mobile, bid data, and other companies. It is co-founded by managing partners Adoram Gaash and Meirav Har Noy.

Published by Globes [online], Israel business news - www.globes-online.com - on August 18, 2015

Copyright of Globes Publisher Itonut (1983) Ltd. 2015

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