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Anyone doubting the impact of the Tech Triangle as a new world order in technology leadership should have been at the Technion World Tour 2017 in New York City. At a four-day program highlighting science and technology innovations, the tech trio markets of Israel, China and New York were highlighted.
Technion president Peretz Lavie led a day-long visit to the newly opened Jacobs Technion-Cornell Institute on Roosevelt Island and its three major facilities so far on a 12-acre campus: the Bloomberg Center academic hub, The Bridge startup and research center, and the environmentally advanced, student residential high-rise.
VIPs from corporate business, politics, VC and academia spoke and were honored during the program.
Now all it needs is critical mass to take off and become a Silicon Island.
To complete the tech triangle, Technion is opening the first Israeli university in China, with a campus in Shantou, Guangdong province.
Showing that the connections between China and Israel are growing, Hong Kong-based travel destination startup, Klook, has raised $60 million in funding from a group of investors that includes Israeli-based VC platform
OurCrowd, making a first investment in Greater China though its Asia-based family funds.
The deal was led by previous investor
Sequoia Capital China along with initial investor
Matrix Partners and new supporter
Goldman Sachs plus OurCrowd. The investment in Klook is its third financing since starting up in 2014 by co-founder and president Eric Gnock Fah. Klook has raised nearly $100 million in total, making it one of Hong Kong's small but growing group of better-funded, fast-expanding startups.
Umbo Computer Vision, an artificial intelligence startup and provider of autonomous video security products has raised a $6.8 million Series A round, bringing funding to $9.6 million. This round was led by CDIB Venture Capital Corp. with continued participation by AppWorks Ventures and Mesh Ventures and new investor Substance Capital. The funding will be used for continued development of its product portfolio, computer vision R&D, and talent acquisition.
Financing and tax management app developer Huisuanzhang Gets $30 million from IDG Capital and Tendence Capital.
China's Hainan Airlines has launched a new direct, non-stop flight between New York City and both Chengdu and Chongqing in Southwestern China. A gala celebration at Alice Tully Hall, complete with a fashion show of flight attendants' uniforms over the years (see photo above) and even an orchestral performance highlighted the launch of two weekly flights on each route for the airline, part of China's real estate, financial and media/entertainment conglomerate HNA Group.
Sequoia Capital India and Saama Capital are among new backers of organic juice startup, Raw Pressery, in Mumbai.
The creation of billion-dollar startups is shifting out of the U.S. -- a trend Silicon Dragon has reporting on. See latest write-up b mainstream press, BusinessWeek .
The U.S. has seen its share of the world's new unicorns drop from 75% in 2013 to 43% in 2016.
Eric Li, Chengwei Capital
* VIP Invites
* Event Tickets
Silicon Dragon author Rebecca Fannin with
Startup Nation co-author Dan Senor