Pico’s P3 Innovation and OurCrowd form alliance

Hong Kong, 8th June: Pico Far East Holdings Limited’s “innovative and disruptive strategic platform,” P3 Innovation has formed a strategic alliance with OurCrowd, a leading global equity crowdfunding platform and venture capital fund based in Israel.

Through the alliance, P3 Innovation will have access to funding through OurCrowd’s crowdfunding platform with more than 20,000 accredited investors from over 100 countries. P3 Innovation will serve as another source of prospective deals for OurCrowd.

P3 Innovation, founded in March 2016, provides services for the MICE industry in Shanghai and Hong Kong through “P3 Space.” OurCrowd, established in February 2013, has raised over US$440 million and invested in over 110 start-ups.

Shaun Lim, Executive Director of P3 Innovation, said, “P3 Innovation is a result of our management’s unwavering commitment to build on the leadership position we have established over the past 50 years by using innovation to create new opportunities and enhance our business. This alliance with OurCrowd will open up even more opportunities that will let us connect with some of the best start-ups in the world and do what we do even better.”

Sources: Pico announcement, CEI Asia article