Shengjing Invests $50M In Israeli VCs, Announces Competition

February 2, 2015 | The Chinese management consulting company Shengjing will invest up to $50 million in Israeli venture capital firms, according to a “Calcalist” report. In addition, together with Jerusalem Venture Partners and the Chinese SME Accelerator, Shenjing woll launch a Global Innovation Award, a global startup competition with a top prize of $1 million. The competition will be held simultaneously in China, Israel, the United States, Europe and Latin America, with the finals taking place in Beijing in August of this year. The Israeli section of the competition will be managed by JVP together with its partners.