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August 28, 2012 04:18 pm GMT
Targeting "Silicon Wadi" -- Israel's own version of Silicon Valley -- Wadi Ventures has launched as a new micro-seed VC fund focusing on disruptive Internet and new media startups in the region. So new, in fact, that its website is currently under construction. More interestingly, however, the fund thinks it's seen a gap in the accelerator model, where industry partners, such as telcos, banks and corporates, get in on the action early and actually help shape those early-stage ideas -- and with it, offer a quicker route to market.It's not yet saying who those partners are. Or more importantly, who is backing the fund, aside from that they are European and consist of a mixture of important financial institutions andentrepreneurs, some of them "very well known". It hopes to be able to disclose more information on its mysterious backers sometime in the future. We wait with bated breath.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/MO0s78kGe7w/
Wadi Ventures A New Israeli Micro-Seed Fund With Close Industry Ties And Mysterious Backers
Targeting "Silicon Wadi" -- Israel's own version of Silicon Valley -- Wadi Ventures has launched as a new micro-seed VC fund focusing on disruptive Internet and new media startups in the region. So new, in fact, that its website is currently under construction. More interestingly, however, the fund thinks it's seen a gap in the accelerator model, where industry partners, such as telcos, banks and corporates, get in on the action early and actually help shape those early-stage ideas -- and with it, offer a quicker route to market.It's not yet saying who those partners are. Or more importantly, who is backing the fund, aside from that they are European and consist of a mixture of important financial institutions andentrepreneurs, some of them "very well known". It hopes to be able to disclose more information on its mysterious backers sometime in the future. We wait with bated breath.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/MO0s78kGe7w/
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