Tokyo-headquartered startup incubator Samurai Incubate announced today that it has invested an undisclosed sum in Israeli startup incubator Startup East. Startup East was founded about 1.5 years ago, aiming to invite Asia startup to Israei as well as encourage Israeli startup to more penetrate in the Asian region. Especially for startups in Asia, the Israeli incubator appeals that it can provide a gateway to the global market leveraging a solid relationship between the local startup community and Silicon Valley.
According to Amos Avner, founder partner of Startup East, they can’t disclose details but are in talks to fundiraise from and partner with unnamed local incubators in Singapore and South Korea as well as one of the governments in the Asia region. On the other hand, Startup East has not received any financial support from the Israeli government because they are a totally private incubation initiative. They have a total of about 10 portfolio startups to date, and are focused on nourishing technology-oriented startups developing something like image processing and business intelligence.
In partnership with Startup East, Samurai Incubate wants to encourage startups in Japan and Israel to communicate each others and strengthen integrating the two ecosystems. As part of this effort, the two incubators will co-organize an event on 9 June having five Israeli companies: Startup East and its portfolio startups. This is part of Startup East’s roadshow tour visiting Japan, Korea, and Singapore, and participating startups will explore potential funding opportunities, acquiring clients, and making media exposures during the visit.
Since its expansion to Israel back in July 2014, Samurai Incubate set up anincubation office called Samurai House in Tel Aviv where they have been nourishing Japanese entrepreneur-led startups like Aniwo.
Edited by Kurt Hanson