JVP, Margalit Startup City, MINI, and URBAN-X 2023 World Climate Tech Tour Arrives in Jerusalem, Uniting Global Sustainability Leaders in Israeli Capital
Tour aims to create synergies between Climate-Tech innovation and Fintech, Foodtech, AI and Cyber innovation
Jerusalem confab comes after New York kick off and ahead of stops in Paris, Munich, Stockholm, and Bahrain before culmination at December COP28 in the UAE
Jerusalem, July 12, 2023 – JVP, Margalit Startup City, MINI, and URBAN-X held the Jerusalem stage of the 2023 World Climate Tech Tour today, at the Margalit Startup City Jerusalem, showcasing global climate-tech companies at the cutting edge of tackling the climate crisis. The event, attended by Jerusalem Mayor Moshe Lion, ambassadors, global investors and industry experts, was the second stop on the tour following the March launch in New York and upcoming stops in Paris, Munich, Stockholm, Bahrain and Dubai.
The World Climate Tech Tour aims to create synergies between technologies in the Fintech, Foodtech, AI, and Cyber arenas to combat climate change and innovate for the good of the planet. The global journey, which started at the Margalit Startup City International Climate Tech Center in Soho, New York, will culminate at COP28 in the UAE in December this year.
“Jerusalem and Israel have much to offer in terms of groundbreaking technologies, research, and entrepreneurial spirit, and we are excited to play a central role in creating the next generation of climate tech leaders who will lead the charge towards a sustainable future,” said Erel Margalit, Founder and Chairman of JVP and Margalit Startup City. “By bringing together startups and technologies from various sectors and industries, we aim to harness the unique strengths and capabilities of our region to foster cutting-edge solutions that will redefine the fight against climate change.”
Since the launch of the Margalit Startup City International Climate Tech Center in Soho, New York this past September, Margalit has been actively engaged in establishing alliances with leaders from both public and private sectors across several countries such as Sweden, Denmark, France, the UK, UAE, and Bahrain. The goal has been to build partnerships and facilitate collaboration to combat climate change while pursuing an innovative agenda that aligns with an interdisciplinary vision.
“We believe that technology is the solution to many problems in the field of sustainability. With strong partners like JVP, we are trying to form a network of international collaboration of like-minded partners to tackle the issues together and to innovate together,” said Michael Keller, Head of Brand and Business Strategy, MINI. “Through strategic investments and collaborations, we can unlock the potential of climate technologies to create a greener and more sustainable future for cities worldwide.”
The event in Margalit Startup City Jerusalem highlighted the commitment of JVP and its partners to forge global partnerships and identify promising startups and technologies to combat climate change. It also provided a platform for both startups and established companies to showcase their solutions and take part in the universal effort to save the planet.
Speaking at the event, Jerusalem Mayor Moshe Lion said, “I am pleased to say that in Jerusalem, we are doing much to turn the city of gold to the city of green. This is our duty. It is our shared responsibility. To the environment, and to the world around.”
“I want to thank Erel Margalit for bringing us all together once again, in this wonderful center of progress and innovation just meters away from the Old City Walls of Jerusalem,” the mayor added.
The event also saw the launch of the International Climate Accelerator’s third cohort. Led by JVP, Margalit Startup City, MINI and URBAN-X, the accelerator has so far attracted around 400 applications from pre-seed to series A. The applications represent over 40 countries from across the globe including the US, UK, France, Germany, Netherlands, Spain, Switzerland, Ukraine, Russia, South Africa, as well as countries from Asia, Latin America, and the Arab world: Egypt, Jordan, UAE, the West Bank and Saudi Arabia.
JVP, founded in 1993 by Dr. Erel Margalit, is an internationally renowned VC fund. It is among the pioneering firms of the Israeli VC industry and has raised over $1.6bn. Over the years, JVP has built over 160 companies and has been listed numerous times by Preqin, as one of the top-ten consistently performing VC firms worldwide. JVP has been instrumental in building some of the world’s largest companies to emerge, facilitating 12 IPOs on NASDAQ, including CyberArk Software (NASDAQ: CYBR, $4.7 billion mkt. cap.), QLIK Technologies (NASDAQ: QLIK, then $4 billion mkt. cap.) as well as many large industry sales. Over the past decade, JVP has spearheaded the creation of international Centers of Excellence, including the AI and Media center in Jerusalem, the Cyber center in Beer Sheva, the FoodTech center in the Galilee, and the International Cyber and FinTech center in NYC, in partnership with NYC/EDC and the leading universities of the city.