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Israeli VC looks to partner with Aussie corporate investors

Ahead of the Australia-Israel Innovation Summit, MarineTech venture capital fund theDOCK’s co-founder Hannan Carmeli shared his thoughts on automation opportunities in the maritime sector and his aim to build relationships with Australian firms.

A graduate of the Israeli Naval Academy and Israeli Navy, Mr Carmeli has spent 30 years working in the tech sector, including a 10-month stint as Director of International Activity at the Israel Innovation Authority.

Five years ago, he sought to marry his work experience with his long-time passion for sailing, eventually co-founding theDock, a venture capital fund dedicated to investing in startups in the maritime, supply chain, and offshore sectors. The fund has a particular focus on automation in marine vessel and docking terminal operations. For example, portfolio company Orca AI is developing a platform which could facilitate autonomous shipping.

Now running its Navigate II fund, worth US$30 million, Mr Carmeli said theDock’s deal flow is currently 60-70 per cent Israeli, with the remaining spread around the world. Investment partners include Singaporean port operator PSA International’s venture capital arm and Japanese logistics company NYK Line.

Mr Carmeli will speak on a panel at the Australia-Israel Innovation Summit to discuss the opportunities to ‘Digitise Supply Chains in a Services-driven Economy’ on October 19. The summit is organised by the Australia-Israel Chamber of Commerce.

“Today, there is much more data generated than back 10 years ago, even five years ago. Every terminal operation, every vessel, every truck, every car, they all generate data because of different IoT devices that were installed. And now there is a big trend of companies and startups looking at how to leverage all that data in order to bring better efficiency, in order to reduce emissions, and in order to do better future planning,” Mr Carmeli said.

“With the enormous amounts of data available today already it is only through technologies such as artificial intelligence, machine learning, and augmented reality…that stand a chance to actually convert the data into meaningful insights and observations.”

He added that the insights would help build supply chain resilience, learning from the disruptions of the Covid-19 and the blockage of the Suez Canal in March 2021.

Design partnerships where large corporations help mould and direct startup innovation is “extremely important for both sides” he added. Large corporations get “new out of the box ideas about how to solve problems”, while startups get “realistic data and information about how the innovation would work” in real-world applications.

Mr Carmeli said that companies generally have two options when it comes to taking equity in startups. It could be done through the creation of an internal corporate venture capital (CVC) arm or by investing in a venture capital fund with subject matter expertise. Although he acknowledged that the creation of a CVC gives companies more control over the end product, Mr Carmeli argued in favour of the latter option.

Firstly, establishing a CVC can be very costly for firms, it requires building a whole new set of operations “when this is not the main business of the company”, he said.

“The other [downside] is that when a corporate invests in a startup through a CVC, it may associate the startup too closely with that one company, preventing that startup from doing business with competitors of the company.”

He also noted that some firms may choose to invest in venture capital funds to avoid the “heavy-lifting” of screening startups. “We are trying to make investments in one startup out of 100,” Mr Carmeli said.

“When you’re screening startups, that’s a lot of heavy lifting, because I’ll give you an interesting piece of data. We are trying to make investments in one startup out of 100…Not each and every cooperate, can or wishes to engage in that heavy lifting so sometimes they see value in having other independent VCs doing all the heavy lifting and then deciding through a CVC platform, deciding if they wish to invest directly in any of the startups that was picked up by the independent VC.”

Mr Carmeli said “Australia has quite a heritage when it comes to maritime” and that he is eager to strengthen theDOCK’s relationships with Australian corporations and startups. He also added that it’s “no question that Australia has a lot to offer” the global supply chain sector.

“We’re always looking for good strong strategic investors in our fund…but because of our vertical nature we like to [work with large corporates].”

InnovationAus.com is media partner for the Australia-Israel Innovation Summit. You can find out more about the full program and book your tickets by clicking here.

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Innovation Trade Mission to Israel

high-tech-in-israel

Sunday 18 – Saturday 24 May, 2014

The Australia-Israel Chamber of Commerce and the Israel Trade Commission are pleased to invite you and your colleagues to its upcoming Innovation Trade Mission to Israel.

Click here to see more information on the upcoming delegation.

Led by successful entrepreneur, David Shein, the Mission will focus on Israel’s technological excellence, biomedical advances, venture capital and entrepreneurial society, innovative culture and extraordinary start-up environment.

This Mission will coincide with the Israeli Innovation Conference (MIXiii), the first in the world where Biomed, High-tech and the Office of the Chief Scientist will join hands in a unique new international conference format.

Specifically designed for entrepreneurs, VC partners, biomed experts and active influential members in the Australian start-up and technology scene, the Mission will expose delegates to key Israeli influencers and enable sharing of innovative business ideas and opportunities. Israel is a world leader on many of these issues and the opportunity to collaborate will be mutually rewarding.

The Mission includes a group program, geo-political briefings, cultural experiences, networking events and visits to some of Israel’s most iconic tourist destinations, including the Old City of Jerusalem, the Dead Sea and Masada.

The Mission is also a wonderful opportunity for delegates to network and interact with each other, forming long-lasting, valuable relationships. In addition to the group program, we encourage tailoring private meetings to ensure each delegate’s personal objectives are met.

Click here to see the draft program.

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Luncheon with Naftali Bennett MK, Israel’s Minister of Economy, Minister of Jerusalem and Diaspora Affairs

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Naftali-Bennett 1

The Australia-Israel Chamber of Commerce and the Israel Trade Commission is delighted to advise that Naftali Bennett MK, Israel’s Minister of Economy, Minister of Jerusalem and Diaspora Affairs and Minister of Religious Affairs, will address the Chamber on Friday 6 December 2013. (Click here to see the invite in PDF)

Date: Friday, 6th December 2013
Location: The Palladium, Crown Towers
Time: 12.00 – 2.00 pm
RSVP: melbourne@aicc.org.au 

Bennett joined the Knesset after careers in the Israeli hi-tech sector, public service and the Israel Defense Forces.

In 1999, Bennett co-founded and served as CEO of Cyota, an anti-fraud software company, until it was sold to RSA for $145 million in 2005. Today, Cyota (now RSA-Security) employs over 300 people in Israel.

After Cyota was sold, Bennett turned to public service, where he served as Chief of Staff to then-opposition leader Benyamin Netanyahu, contributing to the growth of Likud from 12 MKs to 27. Bennett was also the leader of Likud’s education reform team.

As a commander in one of the IDF’s most elite combat commando units, Bennett led a team on counter-terrorism missions. Today, he is a Major (Res.) in the IDF commando unit, Sayeret Matkal.

He holds an LLB from the Hebrew University of Jerusalem.

As Chamber functions are generally sold out, we suggest that you book without delay to avoid disappointment.

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Naftali Bennett MK, Israel’s Minister of Economy, Minister of Jerusalem and Diaspora Affairs

Naftali-Bennett

The Israel Trade Commission and the  Australia-Israel Chamber of Commerce are delighted to invite you, your colleagues and guests to a business lunch with Mr. Naftali Bennett MK, Israel’s Minister of Economy, Minister of Jerusalem and Diaspora Affairs.

 

Date:

Monday, 9 December 2013
Time: 12.00pm for 12.30pm – 2.00pm – please arrive early to network
Venue: Four Seasons Hotel Sydney, 199 George Street, Grand Ballroom
Cost: AICC/JNF Members $60pp / Non Members $80pp
To Book: Please click here

There are few in World politics who can boast high-level leadership across business, entrepreneurship and front-line combat.

Despite its small size, Israel contributes substantially to global innovative growth, particularly within the IT, Medical and Cleantech industries. Minister Bennett will share his vision for Israel as a smart, adaptable and progressive economy that continues to play above its weight in the World economy.

In addition to his senior government positions, Minister Bennett is also among the country’s most successful and influential entrepreneurs. In 1999, he co-founded and served as CEO of Cyota, an anti-fraud software company, until it was sold to RSA, a security division of NYSE listed EMC, for $145 Million in 2005. Today, Cyota (now RSA-Security) employs over 300 people in Israel. Last week a software company that he was previously the CEO, Soluto, a startup that provides cloud maintenance services to PCs has been sold for $130 Million.

Minister Bennett
served as a senior commander in one of the IDF’s most elite combat commando units, Sayeret Matkal.

Please join the business community in hearing from one of Israel’s most influential leaders.

Proudly sponsored by:

 JNF  Woodside
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Uri Aldubi, Chairman of the Israel Oil & Gas Industry Association

Uri Aldubi
Founder and Partner
Halman-Aldubi Energy and Director at Israel Opportunity Oil & Gas Exploration

WHEN:Tuesday, 15 October 2013 , 12:15 for 12:30 – 2:00pm
WHERE: Sydney, CBD
TICKETS: By invitation only

Israel’s offshore natural gas reserves could revolutionise the country’s economic status. According to the US Geological Survey there are an estimated 122 trillion cubic feet of undiscovered, recoverable natural gas and an estimated 1.7 billion barrels of undiscovered, recoverable oil in the Levant Basin Province in the eastern Mediterranean region.

With this find, Israel, a country once with little domestic energy resources, could save billions of dollars in energy imports and become a new natural gas source. Gas from the nearby Tamar field (10 trillion cubic feet) is expected to meet domestic demand for the next 25 years leaving Leviathan field (18.9 trillion cubic feet and an upcoming oil exploration drilling in 2014) free for export markets.

We are extremely privileged to be hosting one of Israel’s top authorities when it comes to opportunities, challenges and development in this game-changing industry sector for Israel.

Uri Aldubi

Founder and Partner of Halman-Aldubi Energy and Director at Israel Opportunity Oil & Gas Exploration Ltd.

Uri is the Chairman of the Halman-Aldubi Group investment group – one of the top ten privately owned financial institutions in Israel. The Company was established in December 1995 and specializes in provision of mid and long term savings products and business services through provident funds, pension funds, investment management for mutual funds and portfolio management products. The Group manages and operates over $4.5 Billion with approximately 350,000 accounts through three of the leading banks in Israel.

Uri holds an MBA in Finance and a BA in Management and Economics from Tel Aviv University. With years of investment experience in the oil and gas industry, Uri is the Chairman of the Association of Oil and Gas Exploration Industries in Israel. Established in 2010, the Association is comprised of the leading companies active in the Israeli oil and gas industry, specializing in the exploration and production of oil and gas.

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Innovation, Industry & Science Trade Mission to Israel

The Australia-Israel Chamber of Commerce is delighted to advise that Carolyn Hewson AO and Carol Schwartz AM will co-lead a Trade Mission to Israel from 25–31 March 2012.

The trade mission, specifically designed for senior leaders from business, government, policy and academia, will expose delegates to key Israeli influencers and enable a sharing of innovative business ideas and opportunities. It will also focus on social enterprise and philanthropy. Israel is a world leader on many of these issues and the opportunity to collaborate will be mutually rewarding. The weeklong trip to Israel will include visits to leading universities and their technology transfer companies, representatives from Israel’s Higher Education Board and Israeli Captains of Industry. Delegates will hear how Israeli industry and Government interacts with the education sector as well as briefings with Israel’s Chief Scientist and heads of Industry Programs. In addition to the group program, individual meetings can be tailored for individual delegates to achieve their personal objectives.

To see more click here

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Australian Trade Mission Reception in Tel-Aviv

 

On Behalf of Dr Orna Berry, Chairperson and the Executive of the Israel-Australia Chamber of Commerce,  you are invited to an Australian Trade Mission Reception in Tel-Aviv  please click here for the Invitation .

The Australian Trade Mission is being led by Graham Bradley AM, President-Business Council of Australia.

Paul O’Sullivan, CEO @ Optus, Australia’s 2nd largest Telco, will also be speaking @ the Event. Optus is a wholly owned subsidiary of SingTel with an annual turnover of $8Bil. Optus’s services include- Fixed Telephony, Mobile, Internet Access, Cable Television, Leased Lines and Data Transmission.

The delegation comprises over 30 senior representatives from the Australian Business Community, High-Tech/Telco Industry, Banking and Finance, Media, Academia, Research and Politics.

The Business Council of Australia (BCA) is an association of the CEO’s of 100 of Australia’s leading corporations with a combined workforce of 1 Million employees.

Please RSVP at your earliest convenience to Paul Israel, Executive Director,Israel-Australia New Zealand & Oceania Chamber of Commerce E-Mail: pauli@iacc.org.il