JAPAN - Government Opens Israeli Startup Accelerator

Arno Froese

Economic cooperation between Japan and Israel is being stepped up: the Japanese External Trade Organization (JETRO), a Japanese governmental agency, is opening a business center and accelerator program for Israeli startups. The center will support Israeli startups and mediate business cooperation between Japanese and Israeli companies. The JETRO center is focusing on support for Israeli companies in the founding stages and the expansion of their business to Japan. 

According to figures from the IVC research company, investments in Israeli startups by Japanese funds and companies totaled $2 billion in 2017. The number of Japanese companies that established activity in Israel has grown from 20 in 2015 to 60 at present. Prominent deals include the sale of pharma company NeuroDerm to Mitsubishi Tanabe Pharma for $1.1 billion and the sale of video analysis company BriefCam to Canon for $90 million.

JETRO Israel managing director Tomohiro Yoden said, “It is important for Japan to adopt Israel’s strengths. In addition, the knowledge and experience of Japanese companies will be very useful for Israeli companies. I believe that the first step of each side is to understand the other’s strong points, combine forces, and build reciprocal relations that will complement each other.”

Former Samurai Incubate Israel CEO Yony Golan said, “In pursuance of the positive trend we are seeing from the Japanese side towards a wish for technological cooperation in recent years in investments and cooperation in developing technologies of various types in Israel, this welcome initiative of the Japanese government via JETRO provide strong support for this trend. We are happy to cooperate with JETRO in order to be a catalyzer in the promotion and strengthening of the trend and in deepening the connection with the Israeli ecosystem.”

-www.jpost.com, 30 August 2018

Arno's commentary

The increased cooperation between Japan and Israel is not surprising; the same can be said for many other countries, including communist China. Israel seems to know how to take advantage of circumstances and thereby solidify friendship grounded in business and financial cooperation.

While reading the article, this writer was reminded of another JETHRO, although spelled with an “h.” It was Moses’ father-in-law, who gave him helpful advice: “And when Moses’ father in law saw all that he did to the people, he said, What is this thing that thou doest to the people? why sittest thou thyself alone, and all the people stand by thee from morning unto even? …When they have a matter, they come unto me; and I judge between one and another, and I do make them know the statutes of God, and his laws…Hearken now unto my voice, I will give thee counsel, and God shall be with thee: Be thou for the people to God-ward, that thou mayest bring the causes unto God” (Exodus 18:14, 16, 19).

Arno Froese is the executive director of Midnight Call Ministries and editor-in-chief of the acclaimed prophetic magazines Midnight Call and News From Israel. He has authored a number of well-received books, and has sponsored many prophecy conferences in the U.S., Canada, and Israel. His extensive travels have contributed to his keen insight into Bible prophecy, as he sees it from an international perspective.

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