3 Israeli Startups - Boomerang, NiNiSpeech & AerialGuard - Chosen to Represent Israel at Shengjing Global Innovation Awards 2016 in Beijing, Competing Against Startups From U.S., Europe, and China for Prizes Worth $1.5 Million

JERUSALEM, June 27, 2016 /PRNewswire/ --

Startups to Gain Exposure from Investors throughout the World and Meet Chinese Tech Giants. Israel Segment of Competition Led by Israeli VC Fund JVP in Cooperation with Chinese Management Consulting Firm Shengjing Group.  

The three Israeli startups chosen to represent Israel at the finals of the Shengjing Global Innovation Awards 2016 in Beijing this August are genetic-therapy-for-cancer-developer Boomerang, mobile speech therapy startup NiNiSpeech and creator of autonomous navigation system for drones, AerialGuard.

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The winners will compete against startups from the U.S., Europe and China for prizes worth $1.5M (prize money, without equity), the opportunity for investment from a special fund of $25M established by the Shengjing Group for the competition finalists and exposure of their technological solutions to investors and leading companies from China and throughout the world. The finalists are expected to go on a road show which will include meetings with Chinese tech giants, as well as extensive coverage from Chinese media.

The Global Innovation Awards were established by leading Chinese management consulting firm Shengjing Group and are taking place in China, the U.S., Europe, Latin America and Israel.

The Israel segment of the competition is led by internationally recognized VC firm Jerusalem Venture Partners (JVP). Local competition partners include global technology corporations with strong footholds in Israel and other leading Israeli firms including EMC, Microsoft, Poalim Hi-Tech, Ernst &Young Israel, HFN, Nautilus by Aol and PR Newswire.

The Israel segment of the competition was launched in March this year. 140 Israeli startups entered the Israel segment of the global competition from a wide variety of fields. The three winners were selected from the eight companies chosen for the semifinal competition by judges from amongst the leaders of the Israeli hi-tech ecosystem.

This year, a wide variety of startups participated in the competition from a number of different sectors, including FinTech, Pharma, Medical Devices, Healthcare IT, Enterprise Software, Internet, Media, IoT and more.