British Shadow cabinet impressed by JVP’s vision and leadership
Delegation on five-day visit to explore the startup nation
A delegation of British Shadow ministers visited JVP Media Quarter Tuesday to explore and experience the innovative and entrepreneurial spirit which characterizes the Israeli hi tech community.
The delegation’s visit to Israel started with an intimate dinner with JVP’s founder and Chairman, Erel Margalit, in which he briefed the members of the delegation about the Israeli hi-tech industry and the country’s current challenges and opportunities.
During the hour-long dinner, the shadow ministers heard from Margalit about the development of the hi-tech industry since the early ‘90s and the about JVP’s leadership in the technology community ever since. JVP, led by Margalit was one of the first to foresee the rise of media technologies and increased the firm’s investments in that area.
The next day, the delegation met with Palestinian Prime Minister, Salam Fayyad and leaders of the Palestinian economy, met with senior Israeli government officials and returned to meet Erel Margalit and other JVP partners in JVP Media Quarter the day after.
Among the delegation members were Hon Liam Byrne, Labour's Shadow Work and Pensions Secretary, Hon David Lammy, Shadow Minister for Higher Education, Mr Chuka Umunna MP, Shadow Secretary of State for Business, Innovation and Skills, Lord Maurice Glasman of Stoke Newington and Stamford Hill, Life peer in the House of Lords and businessman and philanthropist Sir Trevor Chinn,
Following a short tour of the JVP media Quarter and hearing about the various companies working in the entrepreneurial hub, the delegation proceeded to the JVP Media Labs, JVP’s in house incubator.
This unique model, of having an incubator for seed companies, with a parent fund had proven to be very successful and have made the JVP Media Labs the most successful incubator in Israel in terms of follow up investments. The delegation was very impressed by the out-of-the-box thinking of both the Israeli incubator program in general and specifically by JVP different approach to seed investments.
The Delegation was on a 5 day visit to Israel to explore Israel as a startup nation JVP was the only Venture Capital fund the delegation met with. The decision to meet JVP’s founder and visit JVP Media Quarter was a natural one, considering JVP’s position in the industry. As part of their tour in Israel the delegation also met with high level government officials and figures from the Israeli business community.