PHILADELPHIA, PA (October 31, 2014) – The Israel Technology Conference introduced 11 select Israeli innovative companies to leading regional corporations and healthcare institutions on October 27-28. As a result, three of the Israeli companies expressed an interest in locating their US office in the Philadelphia region. The sold-out conference was a collaboration of the Philadelphia-Israel Chamber of Commerce (PICC), the City of Philadelphia, Greenberg Traurig, Drexel University, Comcast Corporation, Israel Advanced Technology Industries, the Israeli Consulate to the Mid-Atlantic Region and many regional partners.
The conference focused on Israeli advanced technologies in healthcare IT and media / communications. During the conference, delegates had the opportunity to explore strategic partnerships and expansion of their businesses with potential partners such as: Drexel University, Comcast Corporation, Jefferson University Hospitals, The Children’s Hospital of Philadelphia, Einstein Healthcare Network, University of Pennsylvania, Temple University and Temple Health, University of Delaware, UnitedHealthcare, Comcast and other local media companies.
Delegates also had the opportunity to seek funding at a venture capital luncheon hosted by the Israeli Consulate to the Mid-Atlantic Region on Oct. 28, and participate and exhibit at IMPACT 2014 in Philadelphia.
“The Israel Technology Conference demonstrated the infinite opportunities for innovation and economic growth by bringing together cutting-edge innovators from Israel and the Greater Philadelphia region,” remarked Richard A. Bendit, PICC president. “These types of events highlight our mission to showcase the Greater Philadelphia region as a great location to launch a US presence. We help connect the companies and soften their landing. Besides hosting conferences, symposiums and educational events to showcase Israeli innovation, the PICC is engaged daily in Israel-Greater Philadelphia business introductions.”
The Israel Technology Conference was a direct result of Mayor Nutter’s trip to Israel in November 2013, which the PICC co-organized. The Chamber is an independent organization that accelerates business and R&D connections between Israeli and Philadelphia, Southern New Jersey and Delaware based businesses, governmental agencies and economic development organizations.
The PICC also represents the US-Israel Binational R&D (BIRD) Foundation, which since 2009, has awarded up to $10 million in industrial R&D grants regionally to U.S.-Israeli technology ventures. In the past year, two BIRD Foundation grants were awarded to companies in Pittsburgh, PA and Newark, DE.