Halma develops Israeli network while pushing for innovation
11 December 2018
A Halma delegation of medical and environmental innovation experts and a number of high-level executives including Halma executive board members Inken Braunschmidt, Chief Innovation and Digital Officer, and Adam Meyers, Chief Executive, Medical and Environmental sector, recently concluded a visit to Israel to meet with potential new partners. This trip demonstrates Halma’s commitment to partnering with the innovation capability within Israel to solve health and environmental problems on a global scale. Our longstanding partner OurCrowd, Israel’s most active venture investor, collaborated with us in organising and leveraging this visit.
Inken Braunschmidt, Chief Innovation and Digital Officer at Halma, commented:
“Israel is the perfect place to look for partnership opportunities for Halma because even though we are a member of the FTSE100 index of the largest UK companies, each of our 40+ businesses are autonomous, entrepreneurial and agile – so we are very much start-up in spirit but with the infrastructure and reach of a global business. We were warmly welcomed by our Israeli counterparts – which is indicative of our experience of working with startups and the opportunities that Israeli businesses see through our large, established customer base and distribution channels.”
Allen Kamer, Managing Partner, OurCrowd’s Qure Ventures said:
“Prior to the delegation arriving, OurCrowd’s business development team evaluated potential companies across the Israeli startup ecosystem. Within the digital health sector, Qure, Israel’s first dedicated digital health fund, partnered to identify and select both portfolio companies and other relevant businesses with products and technologies aligned with Halma’s focus areas of interest.”
The trip to Israel was used to further develop and build on existing relationships, particularly in Tel Aviv’s strong start-up sector. The Halma team had 80 meetings with key decision makers of 20 startups ranging from producers of optical sensor technology and process-based AI to telehealth and optometry tools. Seebo, which uses process-based industrial AI to integrate production workflows and IT data into machine learning, and VocalZoom, a start-up enabling voice control and voice authentication, are amongst the start-ups that already have an existing relationship with Halma. These newly established partnerships will develop an even more innovative and cutting-edge approach to Halma’s vision and mission, whilst simultaneously symbolising the Israeli commitment to a safer, cleaner, healthier world.
The very productive meetings resulted in 50 potential collaboration projects, concepts for several pilots, a potential partnership and the objective to explore customer-supplier relationships. These outcomes highlight a strong commitment to Israel and likewise the appeal of Halma’s commercial power and agile non-bureaucratic organisation to startups.
Eitan Cohen, Co-founder, CEO of TechSee commented:
"It was a well-organized, productive meeting giving us access to the decision makers in the business. It provided an opportunity for real learning of the business problems, and the opportunities to help Halma solve for those challenges. It was a friendly and open environment."
Equally, both Sensorex and SunTech saw immediate value in TechSee’s technology to solve customer service challenges and identified follow-up actions.
Image: Kim Thye Lee, Managing Director, Palintest explores options for using molecular sensors in water quality monitoring with Damian Goldring of startup Consumer Physics
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About Halma
Halma plc is a global group of life-saving technology companies. Our companies provide innovative solutions to many of the key problems facing the world today, from water security to preventable blindness. Halma is a FTSE 100 company (LSE: HLMA) with over 6,300 employees in more than 40 subsidiaries worldwide. Together we have a Purpose that drives everything we do: Growing a safer, cleaner, healthier future for everyone, every day.
Our business is spilt into four sectors. Halma’s Process Safety products protect people and assets at work. Infrastructure Safety saves lives, protects infrastructure and enables safe movement. Our medical technology enhances the quality of life for patients and improves quality of care delivered by providers. Our Environmental and Analysis companies focus on products and technologies for analysis in environmental safety and life sciences markets.
About OurCrowd
OurCrowd is a global investment platform, bringing venture capital opportunities to accredited investors worldwide. A leader in equity crowdfunding, OurCrowd is managed by a team of seasoned investment professionals and is led by serial entrepreneur Jon Medved. OurCrowd vets and selects companies, invests its own capital, and invites its accredited membership of investors and institutional partners to invest alongside in these opportunities. OurCrowd provides support to its portfolio companies, assigns industry experts as mentors, and creates growth opportunities through its network of strategic multinational partnerships. The OurCrowd community consists of almost 30,000 accredited investors from over 150 countries. OurCrowd has raised over $800 million and invested in 170 portfolio companies and funds. To join OurCrowd as an accredited investor visit www.ourcrowd.com and click “Join.”
Contacts:
Halma: Albania Lara, Senior Manager, Brand & Communications - Medical & Environmental Sector
e: [email protected]
