Visit by Israeli companies result of Mayor’s 2013 trade mission
Philadelphia, October 23, 2014 – Mayor Michael A. Nutter and Deputy Mayor for Economic Development Alan Greenberger will welcome a delegation of Israeli companies to Philadelphia next week looking to meet and explore partnerships with local companies and institutions. The visit is a result of Mayor Nutter’s trade mission to Israel in November 2013, during which he met with a range of Israeli venture capitalists and entrepreneurs to pitch Philadelphia as the perfect gateway to the United States market.
“Philadelphia has the assets to compete with any city in the world in attracting innovative companies. Increasingly, international companies are looking to establish a presence in our city,” said Mayor Nutter. “The goal of my visit to Israel last year was to raise Philadelphia’s profile and attract exciting companies to our city. This delegation’s visit to our city is another step in that process, and I am excited to welcome the group and my friend Chemi Peres to the City of Brotherly Love and Sisterly Affection.”
During a meeting with Israeli investors and entrepreneurs hosted by Pitango Venture Capital, one of Israel’s leading venture capital funds, Chemi Peres, Co-Founder and Managing General Partner of Pitango, told Mayor Nutter and the Philadelphia delegation that he would bring a group of Israeli companies to see what Philadelphia has to offer. Mr. Peres will join the companies in Philadelphia next week.
“During his visit to Israel last year, Mayor Nutter made a very convincing case that Israeli companies looking to enter the U.S. market should look no further than Philadelphia,” said Mr. Peres. “With its wealth of higher education and healthcare institutions, its vibrant startup community and an incredible quality of life, Philadelphia is increasingly well-placed to emerge as a prominent global startup city.”
The Israeli companies will participate in the Philadelphia Israeli Technology Conference hosted by Drexel University and will meet local leaders at a reception hosted by Comcast. They will also visit Jefferson University Hospital and the Comcast Center, and will meet with a range of local venture capitalists at a lunch organized by the Consulate General. Some of the companies will then attend the IMPACT 2014 Conference organized by the Greater Philadelphia Alliance for Capital and Technologies.
The twelve Israeli companies represent a range of healthcare and media innovation including medical devices, cognitive biometrics, data analytics, measurement, cyber security, opinion research and content production. Physihome, a startup company that automates movement assessments for athletes, met with Mayor Nutter during his Israel visit and has made subsequent visits to Philadelphia already.
“For companies innovating in healthcare and human performance, the Greater Philadelphia area is a natural spot to be,” said Ram Shalev, CEO of PhysiHome. “This region hosts the nation’s top medical, academic, and sports institutes. Addressing a global need to improve human performance and minimize sports injury rates, the PhysiHome team found an open and dynamic ecosystem to work with, driven by a proactive state government, including support from the mayor’s office and industry chambers.”
The City of Philadelphia’s Department of Commerce worked with a range of partners to organize the visit, including Greenberg Traurig, the Philadelphia Israel Chamber of Commerce, Israel Advanced Technology Industries, the Jewish Federation of Greater Philadelphia, the Commonwealth of Pennsylvania, Drexel University, Comcast Corporation, Revlyst, Select Greater Philadelphia, and the Consulate General of Israel in Philadelphia. A number of local companies and institutions will meet with the Israeli companies to explore potential partnerships and business opportunities.
“Establishing Philadelphia’s reputation as a startup city and raising our international profile are two of our key economic development priorities, and we believe that delegations such as this one achieve both of those objectives,” said Deputy Mayor Greenberger. “Working with our partners, we present a strong case to businesses that they should start, stay and grow in Philadelphia and we hope to make exactly the same case to the delegation from Israel next week.”