israel dealmakers summit 2017 day 1 march 30 2017€¦ · key takeaways from day 1 1. google is...

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March30,2017

DeborahWeinswig,ManagingDirector,FungGlobalRetail&Technologydeborahweinswig@fung1937.comUS:917.655.6790HK:852.6119.1779CN:86.186.1420.3016Copyright©2017TheFungGroup.Allrightsreserved.

Israel Dealmakers Summit 2017 Day 1: Showcasing the Future

1) TheFungGlobalRetail&TechnologyteamisattendingtheIsraelDealmakers

Summit(IDS)inSiliconValleythisweek.TheSummitisoneofthelargestIsrael-focusedbusinesseventsoftheyear,featuringmorethan1,000globalcorporations,investors,dealmakersandentrepreneursfromaroundtheworld.

2) GoogleispromotingstartupinnovationwithitsLaunchpadAcceleratorprogram,whichprovidesmentorshiptostartups.

3) TheFutureisGlobal,withteamsactinglocally,butthinkingglobally.Companiesareinvestinginstartupsglobally.

4) Autonomousvehicletechnologyismakingbigstridesintheareasofautonomouscarsanddronetechnology.

5) Virtualreality(VR)andaugmentedreality(AR)arethenextbigthingswithmajorinvestmentsbeingmadeinthisspace.

Thisweek,theFungGlobalRetail&TechnologyteamisattendingtheIsraelDealmakersSummitheldinSiliconValleyonMarch28–30.TheSummitisoneofthelargestIsrael-focusedbusinesseventsoftheyear,featuringmorethan1,000globalcorporations,investors,dealmakersandentrepreneursfromaroundtheworld.Theeventfocusesonkeyindustriesincluding:IoTandconnecteddevices;cybersecurity,marketingande-commerce;industrialtechnology;autonomousvehicles;datascienceandanalytics;artificialintelligence(AI);andvirtualandaugmentedreality(AR/VR).

TheconferencebeganonTuesday,March28,withatouroftheGoogleHeadquartersinMountainView,followedbyaneveningnetworkingsession.

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March30,2017

DeborahWeinswig,ManagingDirector,FungGlobalRetail&Technologydeborahweinswig@fung1937.comUS:917.655.6790HK:852.6119.1779CN:86.186.1420.3016Copyright©2017TheFungGroup.Allrightsreserved.

Day1oftheeventconsistedofofficialpanelsessions,presentationsandone-on-onemeetingswithstartups.Thedaywasfilledwithnetworkingandsharedlearnings,andtheoverarchingthemeofthedaywas“FutureTrends.”Severaleventsponsors,includingLandmarkVentures,moderatedandcoordinatedmanyoftheSummitactivities.ZeevKlein,GeneralPartneratLandmarkVentures,kickedoffthedaywithawelcomeaddressandopeningremarks.

KeyTakeawaysfromDay1

1. GoogleisPromotingStartupInnovationwithitsLaunchpadAcceleratorprogramTheIsraelDealmakersSummitbeganonTuesdaywithatouroftheGoogleHeadquartersinMountainView.Summitattendeeshadtheopportunitytonetwork,lunchatGoogle’scafeteriaandtourtheGooglecampus.

GooglelauncheditsGoogleLaunchpadAcceleratorprogram,whichisfocusedonmentoringstartups.Thecompanyfoundthatstartupswereencounteringthesameproblemsacrossallgeographicboundaries,soitdevelopedanAcceleratorprogramtosupportstartupsthroughmentorship.TheLaunchpadAcceleratorprogramputsthestartupsthroughabootcampandleveragesGoogle’sresourcestohelpstartupsreachtheirfullpotential.Throughtheprogram,startupsreceivetwoweekstrainingatGoogle’sHeadquarters,accesstoGoogleengineers,resourcesandmentors,andtheabilitytoworkcloselywithGoogleforsixmonths.AspartoftheGoogletour,wemetmentorswhohadparticipatedintheprogramandspecializedinvariousareasincludingproductdesign,userinterfaceandanalytics.Googlelead,DanFeldsaid,“Oneneedstobeobsessiveaboutmeasuringsoyoucanfailfast.”ThetourendedwithatriptotheGoogleMuseumwheretheteamgottoseeartifactsfromGoogle’shistory,includingitsoriginallogo.

2. TheFutureisGlobalArecurringthemeofDay1wasglobalthinkingandglobalpartnerships.ManagingDirectorandHeadofSamsungElectronics’CatalystFund,ShankarChandran,said,“Innovationhasnoboundaries.”Headdedthatitisdifficulttoputboundariesontheintersectionofcommerceandcontent.Healsoaddedthathehasdeeptrustwithhisteamsthatarelocalanddeeplyentrenched;theyactlocallyandthinkglobally.

AccordingtoCarlaGhosn,HeadofBusinessDevelopmentandInnovationatVisa,2016wasthefirstyearthatelectronicpaymentssurpassedcash,whichhastremendousimplicationsforglobaltechnology.SheaddedthattherearebenefitstoglobalizationforVisa,and

thecompanyiscodevelopingwithtechnologycompaniesaroundtheworld.

Additionally,companiesincludingAT&T,Samsung,Microsoft,GEandGMhighlightedinvestmentsinstartupsfromaroundtheglobe.

Source:FungGlobalRetail&Technology

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March30,2017

DeborahWeinswig,ManagingDirector,FungGlobalRetail&Technologydeborahweinswig@fung1937.comUS:917.655.6790HK:852.6119.1779CN:86.186.1420.3016Copyright©2017TheFungGroup.Allrightsreserved.

3. AutonomousVehicleTechnologyIsLeadingtheWayintotheFutureThetechnologyforautonomousvehiclesisgrowingrapidly,andIsraelstartupsareleadingthischarge.Over60%ofautonomousvehicletechnologyisfromIsraelistartups.

Airobotics:RanKrauss,CEOandCo-FounderofAirobotics,adeveloperofautomatedindustrialdrones,presented“TheRevolutionofAutomatedDrones”andhighlightedthatalthoughdronesstartedastoys,herealizedtheirpotentialafterworkinginthedronespaceforsevenyears.HecreatedAirobotics,whichisadroneinabox,builtbya100-personteaminIsraeloveraone-yearperiod.Krausssaidthatcollectingdataisnottheendgame,butratherworkingoncollectivedataandgatheringinsightsiswhatcompaniesneed.Helearnedthatmanyofhisclientswereunabletogatherthedatatheyalreadyhad.Today,AiroboticsisthefirstcompanyintheworldthatwasgrantedpermissionbytheFederalAviationAdministration(FAA)toflywithoutapilot.KraussseesthesecondphaseforAiroboticsasthemovetocitiesandthethirdphaseasthecommercialuseofdronesfordelivery,realestateandindustrialuses.

Otonomo:BenVolkow,CEOandCo-FounderofOtonomo,presentedontheconnectedcarexperience.Otonomoprovidesadataexchangeplatformthatallowscarmanufacturers,appdevelopersandserviceproviderstoexchangecar-generateddataforabetterconnected-carexperience.VolkowproposesthatcarmanufacturerswillalsobecomeITprovidersinthefuture,sinceconsumersareconnectedallthetime.

Source:FungGlobalRetail&Technology

Otto:ThekeynotefinaleonDay1wasaconversationwithLiorRon,Co-FounderofOtto(nowUber),theself-drivingvehiclethatisrevolutionizingthecarindustry.Ottoisusingself-drivingtechnologyinitstrucksandisalsorunningdriverlesscarpilotsinPittsburgh.

4. VRandARAretheNextBigThingsAlthoughVRisstillinthe“toddler”stage,therearebiginvestmentsbeingmadeinthisspacealongsidetechnologyadvancements.

ComcastVentures:MichaelYang,ManagingDirectoratComcastVentures,presented“VR:TheToddlerYears”andhighlightedthatby2020theexpectedadoptionrateofVRwillbe15%.In2016,almost$900millionwasinvestedinapproximately125VRcompanies.Thisyear,therehavebeenannouncementsfromMicrosoft,IntelandQualcommthatwilladvancetheadoptionratesofVRandARtechnology.

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March30,2017

DeborahWeinswig,ManagingDirector,FungGlobalRetail&Technologydeborahweinswig@fung1937.comUS:917.655.6790HK:852.6119.1779CN:86.186.1420.3016Copyright©2017TheFungGroup.Allrightsreserved.

AT&T:FarazHoodbhoy,DirectorofOutreach,EcosystemandInnovationatAT&T,emphasizedthathisteamisactivelyinvestingintheinfrastructuretosupportVRandAR.Hemeetswithapproximately500startupsayearandinvestsinabout100ofthem.HisteamlookedattheusecasesforVRandAR,whatpeoplewereusingthemforandthetechnicalinfrastructureneededtosupporttheserequirements.Hesaidthattheinfrastructureisholdingthemarketbackfrommakingtheproductsmorereadilyavailable.

Byond:WemetwithByond,acloud-basedVR-applicationplatformforbusinesses.ThecompanyisbasedinIsraelandalreadyworkingwithCoca-Cola,McCannWorldGroup,CNN,SamsungandHP.Itsplatformdeliversvirtualcontentthroughmedia,sports,virtualtoursandmarketing,andallowsuserstosee360-degreeviews.Thecontentisdynamic,measurableandcross-platform.

5. ConnectedDevicesAreaKeyPriorityforTechnologyCompaniesThereareapproximately30–40billiondevices,and,accordingtothesmartdevicepropositionofthefuture,everydevicewillbeconnected.Connecteddevicesarethefuture.

Samsung:Samsung’sShankarChandran,highlightedthatsmartdeviceswereoneofthecompany’sfourpriorityareas.

Qualcomm:GaryBrotman,DirectorofProductManagementforQualcomm,spokeon“PushingtheBoundariesofTechnology”andpredictedthatdeviceswillbeconnectedtoeachotherby2020.Thetwofactorsformakingthisarealityarea5Gplatformandintelligence.Hedescribed5Gastheconnectivetissueforthenextgenerationofmobile.

Kwik:OferKlein,CEOandCo-FounderofKwik,presentedasolutiontocombatthe“Amazonproblem”usinganIoTdevice.KwikoffersaphysicalbuttonsimilartotheAmazonDash,whichallowscustomerstore-orderitemsonlinewithapushofabutton.Thecompanyalsomeasuresproductusageandcanautomaticallytriggerorderswhenitemsarelow.ThebenefitsofKwikarethatitcangainmetricsonnewcustomers,brandusageandlifetimebrandloyalty.

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March30,2017

DeborahWeinswig,ManagingDirector,FungGlobalRetail&Technologydeborahweinswig@fung1937.comUS:917.655.6790HK:852.6119.1779CN:86.186.1420.3016Copyright©2017TheFungGroup.Allrightsreserved.

DeborahWeinswig,CPAManagingDirectorFungGlobalRetail&TechnologyNewYork:917.655.6790HongKong:852.6119.1779China:86.186.1420.3016deborahweinswig@fung1937.comErinSchmidtResearchAssociate

HongKong:8thFloor,LiFungTower888CheungShaWanRoad,KowloonHongKongTel:85223004406London:242-246MaryleboneRoadLondon,NW16JQUnitedKingdomTel:44(0)2076168988NewYork:1359Broadway,9thFloorNewYork,NY10018Tel:6468397017FungGlobalRetailTech.com