Cleveland investors interested in Israeli technology will get a chance to speak with the founding partner and co-CEO of iAngels, an Israeli venture capitalist fund, when Shelly Hod Moyal speaks Feb. 26 at Taft Stettinius & Hollister LLP in Cleveland.
Introductory remarks will be given by Elad Granot, an expert in Israeli high-tech investments and Dean of the Dauch College of Business and Economics at Ashland University.
The talk, which also features Or Koren, investor relations director of iAngels, will discuss the technology and trends the two are noticing while investing in Israel, as well as the venture capital landscape. The two will also bring a representative and information about one of its portfolio companies that specializes in the health-care industry. Hod Moyal said they were bringing this portfolio company to Cleveland because of the city’s reputation as a world provider for heath care.
“Entrepreneurs are really looking to Cleveland for potential design partnerships or to potentially start either their business or the customer-facing part of their business,” she said.
Hod Moyal said iAngels focuses primarily on software and some of the most important themes in technology she is seeing include artificial intelligence and computer vision.
“Using machines to help make processes that enterprises do more efficient … this is one of the most important themes (of investment in Israel right now),” she said.
She also said iAngels has been very focused on blockchain technology, which she said could redefine social contracts and become the backbone for the global financial system. She said the company has been working with members of Cleveland’s Blockland initiative on a partnership.
“(Blockland Cleveland has) a unique combination of tech savviness, business acumen and government connections,” she said. “Having these three aspects really enables them to make a difference.”
She said blockchain is still in the early stages of use in Israel, a phase she called “the infrastructure stage,” where there aren’t many applications of the technology but the groundwork is being laid.
“Every kind of technology goes through these periods,” Hod Moyal said. “It’s very similar to where (augmented reality and virtual reality) are; a phase where people are building out the infrastructure where it could be used and applied. Think about the internet before broadband. ... we weren’t using these killer applications we do today before we had the infrastructure in place.”
Publisher’s note: Elad Granot is a member of the Cleveland Jewish Publication Company Board of Directors.