PangeaMT has been selected as one of the 5 leading tech Spanish companies to be accelerated in the Israel and Hong Kong startup ecosystem – a joint program between ICEX and TheFloorHub.

A work session took place in Madrid at the end of May which marked the start of the “Tel Aviv Challenge”, the new program launched jointly by Red.es and ICEX, public agencies dependent on the Ministries of Economy and Industry respectively. The initiative arose with the aim of providing Spanish companies the opportunity to learn the best practices in innovation and entrepreneurship in the Israeli ecosystem and then discover how to scale up a business in the Bay of Guandong area – Hong Kong – Macao and the rest of Asia.

During the presentation of the project, the CEO of ICEX, María Peña, highlighted that “our aim is to support the growth and development of companies through internationalization. We strive to provide tangible results with our mentoring programs and offer companies the tools that will allow them to make it a reality”. David Cierco, General Director of Red.es, stated that “thanks to initiatives such as the Challenge program, we are making it easier for Spanish technology companies to land in an entrepreneurial ecosystem as important as that of Israel”. It should be remembered that both agencies participate in the most relevant events of the ICT sector through national pavilions organized jointly as they are: 4YFN (Barcelona), VivaTech (Paris) or the Digital Enterprise Show (Madrid), where Pangeanic also presented its language technologies – particularly in the field of automatic data classification and key data extraction, machine translation, anonymization and summarization.

The Challenge program is aimed at Spanish companies with technological solutions for banking (Fintech, Cybersecurity, Artificial Intelligence or Blockchain among others) and participants have been chosen based on several criteria: innovation, previous experience and alignment with Israeli and Hong Kong ecosystems. This Tel Aviv and Hong Kong Acceleration Program received 25 candidate companies and 5 were chosen to travel for two weeks to Tel Aviv and then to Hong Kong from September 2. C-level personnel will meet relevant agents of both regional ecosystems in addition to participating in different workshops and mentor programs by prestigious professionals.

List of participating companies:

Culdesac
eCustoms
PangeaMT
ChainGoTech
LeanXcale

Reference: Red.es