Unique Accelerator UpWest Labs unveils Israeli start-ups
UpWest Labs, a unique Accelerator which works to bring Israeli start-ups to Silicon Valley, unveiled its second batch of start-ups on June 13th. This second class is largely consumer-focused and leans heavily towards video.
According to TechCrunch, more than 120 private investors, angels, and firms were on hand for UpWest’s Demo Day Tuesday night, including representatives from Menlo Ventures, General Catalyst, CrunchFund, Accel, Trinity Venture, and Charles River Ventures.
Founded by Gil Ben-Artzy and Shuly Galili, UpWest Labs focuses exclusively on Israeli entrepreneurs. The accelerator’s mission is to combine the brainpower and R&D prowess of Israel with the market knowledge and capital resources of Silicon Valley.
As part of its three month program, UpWest typically chooses five or six promising Israeli teams and brings them to Palo Alto to live together in one house for the duration of the program — Real World-style. Typically, these companies have launched an alpha or beta in Israel and already have a product in development, as UpWest focuses on providing network and mentoring resources that will help its startups come to market and expose them to American customers and investors.