UNDER EMBARGO UNTIL MARCH 7, 2019, 2PM IST
Leading Global Airport Changi Signs Innovation Pact with OurCrowd
Singapore’s industry-leading airport to partner with OurCrowd to access early-stage technologies
Jerusalem – March 7, 2019 – OurCrowd, a leading global investment platform, and Singapore’s Changi Airport Group (CAG) have signed an innovation partnership to source and integrate next generation technology into one of the world’s most cutting-edge airports. The technology sharing agreement will span areas such as automation, retail, data analytics, IoT and smart infrastructure management. CAG will have access to OurCrowd’s diverse portfolio of 170 innovative startups, while the latter will have the opportunity to develop and trial these new technology solutions in a live airport environment.
Changi Airport saw 65.6 million passenger movements in 2018, making it the world’s seventh busiest international airport by international traffic. Changi is connected to over 400 cities worldwide served by over 100 airlines. It recently opened a fourth terminal which leverages facial recognition technology, providing passengers with a complete suite of self-service travel options from check-in and bag drop, to immigration and boarding.
“With a focus on providing the best experience for passengers, Changi Airport is constantly looking out for new and innovative solutions. We are seeking startups which have capabilities or solutions that are applicable in an airport environment. With over 65 million passengers annually, we believe that Changi Airport would be an interesting testbed for startups, and subsequently as a valuable launchpad to scale up globally. Through this partnership with OurCrowd, we look forward to exploring win-win collaborations with innovative companies,” said Bernard Siew, Vice President for Innovation, Changi Airport Group.
“We’re honoured to be expanding our innovation expertise to leading companies of the world such as CAG,” said Laly David, OurCrowd Business Development Partner. “Through OurCrowd’s powerful collaboration programme, we are leveraging our global network to provide multinationals like CAG the ability to stay ahead of the latest innovation trends globally by providing access to the world’s bustling tech startup community, and deep diligence into the different cutting edge technologies.”
“This recent collaboration with Changi demonstrates the growing impact of Asian traction for OurCrowd,” said Roland Wee, Managing Director, OurCrowd Asia. “We are leveraging our presence in Asia and the unique network effect of the thousands of co-investors on our global platform to bridge the gap between the Asian corporates and innovative tech startups around the world.”
About OurCrowd: OurCrowd is a global investment platform, bringing venture capital opportunities to accredited investors worldwide. A leader in equity crowdfunding, OurCrowd is managed by a team of seasoned investment professionals and is led by serial entrepreneur Jon Medved. OurCrowd vets and selects companies, invests its own capital, and invites its accredited membership of investors and institutional partners to invest alongside in these opportunities. OurCrowd provides support to its portfolio companies, assigns industry experts as mentors, and creates growth opportunities through its network of strategic multinational partnerships. The OurCrowd community consists of almost 30,000 accredited investors from over 150 countries. OurCrowd has raised $1 billion and invested in 170 portfolio companies and funds. To join OurCrowd as an accredited investor visit www.ourcrowd.com and click “Join.”
About the 2019 OurCrowd Global Investor Summit: The OurCrowd Global Investor Summit, Where the startup world gathers. The 2019 OurCrowd Global Investor Summit, taking place March 7 in Jerusalem, Israel, is one of the premier events in the tech industry, and the largest business event in Israel’s history, with 17,000 expected to register to attend. The Summit provides an interactive, front-row seat to the formerly closed world of startup venture capital, with exclusive exposure to cutting-edge technologies, the entrepreneurs behind them, and the corporate leaders deploying them. Top investors, venture capitalists, corporate partners, entrepreneurs and journalists come from around the world both for Summit day as well as a week of events that include tours of the Israeli ecosystem, corporate meetups, and cultural and historical excursions. Thousands more will participate through livestreaming. Learn more at summit.ourcrowd.com.
About Changi Airport Group: As the company managing Singapore Changi Airport, CAG undertakes key functions focusing on airport operations and management, air hub development, commercial activities and airport emergency services. CAG also manages Seletar Airport (IATA: XSP, ICAO: WSSL) and through its subsidiary Changi Airports International, invests in and manages foreign airports. Changi Airport is the world’s seventh busiest airport for international traffic. It served a record 65.6 million passengers from around the globe and handled 2.15 million tonnes of airfreight throughput in 2018. More than 400 retail stores and 140 F&B outlets are situated across four terminals to cater to passengers and visitors. With over 100 airlines providing connectivity to 400 cities worldwide, Changi Airport handles about 7,400 flights every week, or about one every 80 seconds. For more information visit www.changiairportgroup.com.
This announcement was made at the 2019 OurCrowd Global Investor Summit in Jerusalem, the largest technology showcase in Israel with over 170 startups and 17,000 registered attendees.
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Press contacts: OurCrowd: Leah Stern, Dir. Of Communications / UK: +44 747 0196826 / US: +1 703 626 4310 / E: firstname.lastname@example.org