Already a pioneer in high-tech and cutting-edge agriculture, Israel is starting to attract American companies looking to bring medical marijuana know-how to a booming market back home. Since 2014, U.S. firms have invested about $50 million in licensing Israeli medical marijuana patents, cannabis agro-tech startups and firms developing delivery devices such as inhalers, said Saul Kaye, CEO of iCAN, a private cannabis research hub. "I expect it to grow to $100 million in the coming year," Kaye said at iCAN's CannaTech conference in Tel Aviv this month, one of the largest gatherings of medical marijuana experts. Scientists say strict rules, some set by the Drug Enforcement Administration, limit cannabis studies in the United States, where the legal marijuana market is valued at $5.7 billion and expected to grow to $23 billion by 2020. "In the United States it's easier to study heroin than marijuana," said U.S. psychiatrist Suzanne Sisley, who has researched the effects of cannabis as a … [Read more...] about U.S. firms target investment in Israeli cannabis R&D
Invest in startup companies
Funds highlight conditions to invest in startup projects Thai Ngoc By Thai Ngoc - The Saigon Times Daily HCMC – Investment funds at a seminar in HCMC on Tuesday highlighted criteria they often consider when making decisions to invest in business startups, especially experiences of founders, organizational structures, and market segments for products. According to Than Trong Phuc, managing director of DFJ VinaCapital, funds also look at the workforce of such young enterprises and their sets of working processes. Phuc said his firm pays attention to startups or projects in the information technology sector, especially technologies that are invented in Vietnam yet can be applied abroad or developed into commercial products. DFJ VinaCapital has spent US$30 million on Vietnamese firms with a minimum investment of US$300,000 and a maximum of US$5 million. Many representatives from private investment and venture capital funds expressed their concern about business ethics. … [Read more...] about Funds highlight conditions to invest in startup projects
Chinese venture capital fund invests in Triip.me Van Ly By Van Ly - The Saigon Times Daily HANOI – Chinese venture capital fund Gobi Partners has invested half a million U.S. dollars in Triip.me, a Vietnamese startup project that provides tourism services online. Triip.me will spend the money recruiting more staff to support its expansion. The firm posted monthly revenue of about US$1,000 in mid-2015, but has begun to operate profitably as sales have increased by 10 times. Lam Thi Thuy Ha, chief executive officer of Triip.me, said her company previously had only two people to operate the tourism platform. With the new funding, the firm will be able to carry out its communication and marketing plans to boost sales. Ha said the partnership with Gobi Partners brings Triip.me knowhow and experience in tourism in addition to capital injection. Established in 2013, Triip.me helps connect travelers with local people by applying community resources to build tours across the world. … [Read more...] about Chinese venture capital fund invests in Triip.me
VietNamNet Bridge - Private equity funds (PE) in Asia plan to invest billions of US dollars in Vietnamese companies, creating fierce competition between these funds. VOF of VinaCapital and its Japanese partner - Daiwa PI Partners - funneled $45 million into the international dairy product company (IDP), which owns Ba Vi milk brand. For Peter Sorensen, CEO of ABB Vietnam Consulting JSC, 2015 was an exciting year of Vietnam on mergers & acquisition (M&A) activities, as well as the busiest year of ABB since its formation. However, he expects that the number and value of M&A deals will grow strongly in the coming time. As an active consultant in the field of M&A, ABB has recognized the great interest of foreign investors in the fields of retail, distribution, FMCG, agriculture and financial services. Thailand, Japan and South Korea are the countries with the greatest demand in these sectors. In 2016, the active participation of PEs for M&A activities impressed Peter … [Read more...] about The billion USD race to invest in Vietnamese firms
A target of one million startups by 2020 is going to need some serious funding. Vietnam recently launched an ambitious plan to transform the country from an offshore manufacturing hub for foreign companies into a major player in the global digital economy. In doing so, the government has adjusted business policies to pivot around small and medium-sized companies and encouraged the startup boom. There is no question that one of the challenges facing startups is to find the capital they need to get their ideas off the ground. There have been mixed opinions about whether or not the Vietnamese government should turn itself into a venture capitalist to support early-stage startups. Some experts don’t think that putting the government in charge of deciding which business ideas get funding and which don’t is a good idea. The Becamex Technology Innovation Center (TIC) in Binh Duong Province, just north of the country’s commercial hub Ho Chi Minh City, was launched in … [Read more...] about Should the Vietnamese government invest in startups?