The Keiretsu Forum Mid‐Atlantic Pittsburgh Chapter is excited to announce its first Quarterly Israeli Innovation Showcase on Friday April 26, 2013.
Keiretsu Forum is the world’s largest and private equity angel investor community, with more than 900 members in 26 chapters on 3 continents, which has invested more than $12m in early stage companies since its inception 12 years ago. The Mid‐Atlantic Region includes chapters in New York, Philadelphia, Pittsburgh and Washington D.C. Keiretsu Forum is known worldwide for its knowledgeable members, its robust recruitment of early stage companies and strict due diligence process to assure its investors the very best investment opportunities. The Quarterly Israeli Innovation Showcase will introduce half dozen Israeli entrepreneurs and their early stage companies to interested accredited angel investors looking for quality deals and serious investment opportunities.
The Showcase will highlight investment opportunities in the two most popular Keiretsu Forum investment silos, which are Technology and Life Sciences. In 2011, there were 85 mergers and acquisitions of Israeli companies worth a total of $5.23 billion. The Economist reports that Israel has more high‐tech startups and a larger venture capital industry per capita than any other country in the world, and the Israeli Innovation Showcase is an initiative to connect Pittsburgh investors with these high tech and early stage start‐up companies.
Keiretsu Forum Mid‐Atlantic co‐founder Vince Leusner explains why Keiretsu is bringing Israeli companies to Pittsburgh, “I am a finance executive and my partner, Dr. Howard Lubert, is a technology and investment professional. For us, the connection to Israel is a great business move. It offers unique deal‐flow to our members that they cannot find anywhere else. With our connections and capabilities we are able to sort through the deals and find the real diamonds.” During the last six months, Keiretsu tested the interest of its members by bringing several Israeli companies to present at regular Forum meetings.
“They have impressed the Keiretsu management team and our investors with great technology and great investment opportunities,” says Pittsburgh Chapter President Malcolm Handelsman, “and that’s what we bring to our angel investors‐great companies and great business opportunities. The Israeli companies are just as impressed with the strength of our angel investment and business community in Pittsburgh.” Elliot Dater, partner and host sponsor Schnader Harrison Segal & Lewis LLP, practiced Entrepreneurial Law in Israel for nearly a decade and recognizes the business opportunities that exist in Israel.
“I am excited that Angel Investors in Pittsburgh, for the first time, will have the opportunity to participate in an event that will highlight emerging Israeli companies. Given the strong telecommunications and medical device and pharmaceutical industry presence in Pittsburgh, it is a natural for Israeli companies to be here to help further develop these industries.” This quarterly event is sponsored locally by Schnader Harrison and Alpern Rosenthal. Israel is prolific with breakthrough innovation in Life Sciences and Medical Devices, IT Security and Mobile Technology, Green Technology, Agricultural Technology and Security.
Invited presenters include breakthrough Israeli innovators like Ringya, MobiWise, Molecular Detection, and Webydo – with additional companies to be added. To learn more about Keiretsu Forum Mid‐Atlantic and its mission to connect angel investors with innovative entrepreneurs around the world, visit www.KeiretsuForum‐MidAtlantic.com/ or contact Malcolm Handelsman at MHandelsman@KeiretsuForum‐MidAtlantic.com.