The NYU Tandon School of Engineering Future Labs — the first network of startup business hubs launched with New York City support – and Arieli Capital, a US holding company, announced a partnership to provide opportunities for investment, guidance, and networking to the Future Labs’ portfolio companies and Israeli entrepreneurs.
New York City and Israel have thriving startup communities; this partnership will leverage the respective strengths to support further innovation.
The collaboration will identify promising early-stage startups through Future Labs Flash Pitch events, in which startups from New York and Israel will compete to receive an investment from Arieli Capital and its associated partners.
Ten Israeli startups will also be selected to join the Future Labs’ incubation programs. These startups will relocate to NYC and get access to the Future Labs’ full spectrum of support services, mentorship opportunities, and other resources.
In the spirit of building business bridges, Arieli Capital will offer the Future Labs’ New York-based startups and program graduates a pathway to enter the Tel Aviv market through its Israel-based programs and/or associated programs.
“This partnership will catalyze the already thriving connections between Israeli and New York’s business ecosystems,” said Steven Kuyan, managing director of the Future Labs.
“Our organizations are strategically aligned to further support entrepreneurial exchanges between our two countries to the benefit of both. We are introducing unique pitch competitions, and other opportunities are in the works to enhance the tech economies in both New York and Israel. It’s the start of a strong collaboration.”
Added Kurt H. Becker, NYU Tandon vice provost for research, innovation and entrepreneurship: “This partnership with one of Israel’s leading technology drivers and investors will connect Tandon students with internship opportunities with cutting-edge startups from Israel and provide Tandon faculty with access to Israel’s thriving high-tech sector.
“We look forward to the opportunities that this collaboration opens up.”
“We are proud and honored to have such a great partnership with the NYU Tandon Future Labs,” said Or Haviv, head of global innovation platforms at Arieli Capital.
“New York and Israel are two of the world’s leading innovation ecosystems and this strategic partnership creates game-changing business opportunities for startups, investors, and companies.
“Thanks to visionaries such as Eric Bentov, co-founder and managing partner at Arieli Capital, who will help lead the program, as well as the NYU Future Labs team, we are now able to connect the power of New York’s finest technology, academic, and research organization with Arieli’s global business and financial network to help entrepreneurs and innovators build and launch impactful global companies.”
The Future Labs serve as a beacon for international startups transitioning into the growing NYC entrepreneurial ecosystem; collaborators have included Denmark, Germany, France, England, and Canada.
The Arieli-Tandon partnership was initiated by Cliff Friedman, an alumnus of NYU, Chairman and CEO of ShareNett, a members-only, global network of Family Offices and professional investors who collaborate on curated, high quality alternative investment opportunities across multiple asset classes.