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Leading VC Fund JVP Holds Groundbreaking High-Tech Conference for Ultra-Orthodox Jewish Community

January 16, 2013

JERUSALEM, January 16, 2013 /PRNewswire/ –

Several hundred members of Israel’s Haredi (Ultra-Orthodox) community joined high-tech
CEOs and investors at Israel’s first-ever High-Tech Conference for the Haredi Sector.

The groundbreaking event was spearheaded by JVP [http://www.jvpvc.com ], one of
Israel’s leading venture capital firms, and its founder and chairman, Erel Margalit,
together with Haredi high-tech entrepreneur Yitzik Crombie, founder of the Haredi
High-Tech Forum.

The conference aimed at tapping into the enormous potential of the Haredi sector for
Israeli high-tech. Conference organizers also hope the event will raise consciousness
amongst Israeli society as a whole about the amazing opportunities for this community in
the field of technology – a phenomenon which remains largely unknown.

The event also offered participants a forum for networking and discovery, joining
people from various parts of Israel and the world from a variety of backgrounds to
discuss, interact and explore opportunities.

Israel’s Haredi sector is characterized by low employment levels, particularly in the
high-tech sector. This event was largely geared at raising awareness and identifying
potential deal flow opportunities in a society where the employment rate hovers around
40%.

Erel Margalit, JVP’s founder and chairman greeted participants, saying “The inclusion
of Haredis in the Israeli high-tech industry represents the number one economic
opportunity for Israel in the next ten years.”

Panel sessions included talks on Haredi employment in high-tech, government
incentives, raising capital, and success stories from Haredi entrepreneurs.

Gadi Tirosh, JVP’s General Partner led the panel on Haredi employment in high-tech. He
was joined by panelists from Matrix Global, NDS, Manpower and Intel, discussing the many
opportunities for the Haredi sector in major corporations and multinationals.

Yoav Tzruya, JVP’s Partner of the JVP Media Labs incubator lead the session on
fundraising for startups, giving the audience insights into key tools for raising capital
effectively.

About JVP

Based in the JVP Media Quarter in Jerusalem, JVP (http://www.jvpvc.com) is one of
Israel’s largest and most active venture capital funds with over $900 million raised to
date. Founded in 1993, JVP has helped build over 90 companies and has orchestrated 25 of
the largest exits in the region with 14 industry sales and 11 IPOs on NASDAQ. Established
in 1993 by JVP Founder and Chairman Erel Margalit, JVP’s General Partners are Gadi Tirosh
and Kobi Rozengarten.

        For More Information, Contact:
        Pnina Ben Ami
        JVP Communications Director
        pnina@jvpvc.com
        M. +972-50-621-4186

SOURCE JVP


Source: PR Newswire