The UK-Israel Tech Hub at the British Embassy, the Economic & Trade Mission at the Embassy of Israel in London and the Israel Export and International Cooperation Institute launched the second TeXchange program on Tuesday. This year's program, "Future Retail", is seeking start ups trying to reinvent the online and brick and mortar retail industry through e-commerce, big data and analytics, new payment solutions, innovations in risk management, and other fields. The program also creates ties between Israeli and leading British retailers.
Israeli start ups will compete for 15 slots in a delegation to the UK for three days in March. Start ups can apply by 26 January at TeXchange 2014. The applicants must offer retail solutions, have secured at least seed financing, have a working product, and can work with foreign companies.
The TeXchange participants will travel to London to meet leading British companies, potential strategic partners, customers, and investors. Companies will also receive mentoring and pitching coach sessions with industry gurus, tour Tech City, be hosted by leading UK retailers, and attend high-profile business networking events, including participating free of charge at Retail Week Live.
A panel of judges, headed by UK-Israel Tech Hub chairman Haim Shani, a former Ministry of Finance director general and CEO of NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE), will select the program participants. The winners will be announced on February 11.
130 start-ups competed for the 15 slots in the first TeXchange program in late 2012. The winners included Adotomi Ltd., CallApp Ltd., Wibbitz Ltd., and Zooz Ltd. Zooz CEO Oren Levy said, "This was a great opportunity for use. The European market, with its potential customers and investors, was opened before us, and we achieved tangible results."
Published by Globes [online], Israel business news - www.globes-online.com - on January 14, 2014
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