Former CNN host Larry King and the Technion Israel Institute of Technology are establishing the Israel Silicon Valley Chambers of Commerce to promote Israeli high-tech.
The news was reported last week by the Israeli business daily Globes, which noted that the new chambers will be launched on Feb. 26 in Tel Aviv, followed by a launch at Stanford University.
King is financing the project with a nearly $600,000 investment through a holding company, according to Globes.
The project is meant to strengthen ties between Israel and Silicon Valley, and to help startups from the concept stage through funding and sales.
Niv Jacobi, who manages King’s businesses, will serve as chairman, and King and Technion president Peretz Lavie will be the presidents.
“Israeli is the world’s No. 2 in high-tech, especially for R&D, just behind Silicon Valley,” Globes quoted Jacobi as saying. “The important linkup of the two has never had a serious organization.”
Leaders of Bay Area–based entities such as the California Israel Chamber of Commerce, Silicon Ventures and UpWest Labs would beg to differ. The CICC has been accelerating investments, collaborations and business between Israel and California for a decade; Silicon Ventures has been fostering Israel–Silicon Valley relationships since 1999; and Palo Alto–based UpWest Labs has been nurturing Israeli startups since 2012. — jta & j. staff