SOUTH KOREA - Deep-Tech Innovation Agreement Signed with Israel

Arno Froese

OurCrowd Labs/02, a Jerusalem-based seed-stage incubator focused on deep-tech innovation, signed dual memorandums of understanding with South Korean venture capital firms DTNI and Yozma Group Korea.

Facilitated by the Korea-Israel Industrial R&D Foundation, the agreements aim to strengthen bilateral strategic collaboration and investments, as well as promote partnerships between companies in the two countries in the area of deep technology.

“The collaboration between OurCrowd Labs/02, DTNI and Yozma Korea seeks to establish ‘landing pads’ in Israel and South Korea, with the intention of providing startups from both countries the network to establish themselves, connect with the local startups and innovation ecosystems, and forge meaningful collaborations,” said Moshe Raines, CEO of OurCrowd LABS/02.

OurCrowd Labs/02’s core mission is to advance cutting-edge technology in innovative areas including artificial intelligence, deep learning, autonomous transportation and smart cities. The incubator is a partnership between OurCrowd, Motorola Solutions, Reliance Industries and Yissum, the technology transfer company of The Hebrew University of Jerusalem, and is part of the Israeli incubator program administered by the Israel Innovation Authority.

-www.israel21c.org, 7 August 2018

Arno's commentary

While money is king for the world, we see that Israel’s intellectual capability is another key for Israel’s future.

We are reminded of the words of Psalm 103:7: “He made known his ways unto Moses, his acts unto the children of Israel.” Moses knew God’s way; the Israelites were witnesses of God’s action, but did not understand God’s ways. This is now applicable to the whole world; all nations have witnessed the regathering of the outcasts of Israel. Despite innumerable setbacks and numeric inferiority, Israel subdued the Arab nations militarily. Many other reports clearly demonstrate Israel’s technological and intellectual superiority. The world is informed, but no country on the face of the earth believes God’s ways; they all—without exception—contradict, for example, the borders of the Promised Land as given by God.

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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