One week before Israel’s independence celebrations, over 150 key figures and thought-leaders met for a festive event organized by Erel Margalit, founder and chairman of Jerusalem Venture Partners (JVP) along with JVP executives Gadi Tirosh, Kobi Rosengarten, and VP of Investor Relations Fiona Darmon. Participants included leaders of the US business and high-tech communities, key media and cultural figures, CEOs of major companies and New York government representatives.


The event was held under the banner “What’s Next for the Start-up Nation” to highlight the unique and unparalleled potential of the Israeli high-tech community, specifically in the field of new media. These highly influential individuals came together to discuss the different challenges to Israel’s status as a high-tech superpower, and how profits can be used for social profit.


Margalit said at the event: “Israel, celebrating 64 years of independence next week, is at the heart of worldwide creativity and entrepreneurship, and we have been so pleased to discover that the work we do in Jerusalem is of interest to the American business community. There is no question that the last year has taught the world, as well as Israel, that the next step for the financial community – specifically the world of high-tech– will be a transition from focusing on profits to a dual focus on both fiscal and social profits. I hope that the initiatives we are undertaking in Jerusalem will set a precedent for other similar efforts throughout the world.”

New York City Councilwoman Christine Quinn, considered to be the leading candidate in the upcoming New York mayoral elections, was also present at the event. Quinn, who visited the JVP Media Quarter in Jerusalem about a month ago, was extremely impressed by JVP’s high-tech incubator established by Margalit. Quinn and Margalit are currently working together in a bid to create a similar initiative in New York based on the Jerusalem model that will synthesize business entrepreneurship with social and cultural initiatives.

Quinn spoke at the event on Tuesday about how impressed she was with the creativity and leadership of JVP, and about her high hopes that the relationship that was created between Jerusalem and New York will bear fruit. Quinn said the major challenge at this point is enlarging the job market in her city, a challenge that she said can help be overcome by the creation of an incubator in New York City based on JVP’s Jerusalem model.

Ido Aharoni, Consul General of Israel in New York, said that Israel, the “Start-up Nation,” deserves to be very proud of its accomplishments and by the power of the Israeli entrepreneurial spirit that has fortified Israel’s position as a world player and allowed it to forge closer ties with the international community.