The UK Israel Tech Hub has launched its TeXchange 2015, which gives Israeli Fintech (financial related technologies) startups an opportunity to break into global markets through Europe’s biggest financial center.
The deadline for companies to apply if January, 11, 2015.
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TeXchange – the UK Israel Tech Exchange Program – is an annual flagship program of the Hub, a team based at the British Embassy in Israel tasked with promoting technology partnerships between British and Israeli companies.
Each year, up to 15 innovative Israeli start-ups are carefully selected by a judging panel and travel to the UK for a series of targeted business meetings, networking events and presentations with some of the world’s biggest companies, brands and business leaders, as well as government officials.
The 2015 TeXchange theme will be Financial Technologies (Fintech), an area where both countries have a cutting edge: The UK is Europe’s biggest financial services centre; Israel, the “Start-Up Nation”, is home to well over 200 fintech start-ups that offer innovative solutions for this industry.
UK Israel Tech Hub digital manager Avi Cohen said, “We believe the time is right to connect the brightest minds in the Israeli fintech scene with the big players of the global financial industry based in London. The industry is facing tremendous challenges and opportunities from cyber security and anti-fraud to mobile banking platforms, payment solutions and big data analytics – and UK-Israel collaboration can play a big role in meeting these challenges.”
Avi Rabinovich, Co-founder and CEO of Mabaya and a participant in last year’s programme, added: “TeXchange created an invaluable opportunity for us to showcase our offering to key market players and potential customers”.
The UK Israel Tech Hub was launched at the British Embassy Israel in October 2011 as a pilot program to drive economic growth in both countries, following an agreement between Prime Ministers Cameron and Netanyahu to build a UK – Israel partnership in technology. The Hub’s goal is to create win-win partnerships in which British companies gain a global competitive edge via Israeli innovation, and Israeli innovation goes global via the UK.