OurCrowd, which is dedicated to promoting new companies that are promising and has the objective of disembarking in Uruguay.
He Ministry of Industry, Energy and Mining of Uruguay (MIEM) and OurCrowdIsrael’s most active venture capital investor and a leading operator of Israeli and global incubators have signed an agreement with the aim of establishing an early-stage business incubator in Uruguay.
The agreement is made within the framework of the Uruguay Innovation HUB Program (UIH) which aims to position the country as a technological pole of innovation and entrepreneurship in Latin America for companies both in the region and the world.
The program is under the National Agency for Research and Innovation (ANII) whose goal is to support both national and international startups, but it will also help attract investment funds, as well as encourage their installation in Uruguay, favoring the national technological ecosystem.
The resolution signed between the CEO of OurCrowd, Jon MedvedOurCrowd Partner and Director of Incubators, ori sobovitz and the representative of MIEM, Omar Paganini and took place at the OurCrowd offices in Jerusalem this Sunday, March 26.
“We are delighted to boost technological ties between our two countries and the region in general,” said the Minister of Industry. “Uruguay is prepared to take the leap that will make it a regional reference, but with a global projection, in attracting innovative ventures at different stages,” he added.
OurCrowd will offer Uruguay its expertise in running government-backed incubators and will leverage its technology, human resources and strategic networking to identify promising startups that can benefit from support and guidance in their business growth. OurCrowd currently co-owns five tech incubator companies and has a deal with the New Zealand government with a company that incubates over 60 startups.
“We plan to build on this model in Uruguay, which is already a regional magnet for innovation, which we see as a springboard to expand into Latin America,” explained Ori Sobovitz, OurCrowd Partner and Director of Incubator Programs. From the company they explained that the incubator program was a key factor in turning Israel into the Startup Nation.