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New Beijing Accelerator helps Israeli Startups to Penetrate Chinese Market



Israel Ministry of Economy and Industry with their chief strategic partner Shengjing, China’s largest fund of funds manager and consulting firm, will launch the very first China-Israel Accelerator Program in Beijing.

The Israel-China Accelerator Program seeks to help Israeli high-tech companies penetrate Chinese market. The program will provide selected five Israeli high-tech companies with the knowledge, mentorship, and fundraising resources necessary to make a success in China.

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ShengJing Group who is expanding its involvement in the Israel is the China’s largest global private equity Fund of Funds and one of the world’s largest consulting firms for startups and SMEs.

The Group, through its global investment division, Peakview Capital, has invested almost $20 billion including FoFs (fund of funds) and direct investments in China, USA and Israel in past years. Shengjing portfolio includes investments in nearly 50 of China’s top VCs which invested China tech listed companies, including: Tencent, Alibaba, Baidu, JD and other top internet companies.

In Israel, ShengJing has already invested nearly $100 million in recent years, including investments in leading Israeli VC and Private Equity funds like: JVP, Vintage, Viola and Canaan Partners. The firm has also made direct investments into Israeli startups, winners of its Global Innovation Awards Competition (GIA), whose Israeli segment was led in 2015 and 2016 by JVP.

“The next step for us to further engage with the Israeli ecosystem is naturally the opening of the Israel-China Accelerator Program. We are proud to partner with the Israel Ministry of Economy and Industry in this initiative”, says Sherrie Wang, Senior Partner at ShengJing Group.

“Having assisted over 30,000 CEOs and entrepreneurs in the last decade, ShengJing’s cross-domain network of industry experts and leading CEOs, combined with the investment ecosystem of Peakview Capital, positions the new accelerator program as a unique opportunity for Israeli high-tech companies aiming to enter the Chinese market with success”, says Wang.

The accelerator program is open to Israeli high-tech companies which are looking for China markets and opportunities. These companies will not only reach the top investment institutions and investors in China, but also China’s top hi-tech companies senior management teams, as well as the industry’s well-known mentors, with Chinese successful entrepreneurs, who are familiar with both the Chinese market and the international business culture and operational mechanisms.

The accelerator will select five of the best companies to offer and assist them with designing and implementing their China market strategy in a six-month block that will be led by some of the best mentors in the business and technology fields. Within the program, the selected Israeli companies will be connected to the largest network of accredited investors, CEOs, and other industry experts in China. The project is fund by Israel Ministry of Economy.

The first part of the program will consist of training designed to introduce to participant companies the skills which are necessary to start a business in China, like: introduction of the Chinese business environment, industry overviews, legal, regulatory and tax concerns, etc. The second part of the program will focus on practical exercises and business development, including: meetings with potential customers, partners and potential investors, getting involved in ShengJing clients, factories, ShengJing eco-system partners, and ShengJing Global Innovation Awards in Beijing.

The startups will also participate in fundraising and roadshow-based trips to innovative areas in China including Shanghai, Guangzhou, etc. Each company will get a dedicated mentor, who will provide tailor-made support within the business development sessions.

The deadline to apply for the program is by end of October 2017




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