Trendlines and Haier sign MOU

Editor’s note: News of the Trendlines-Haier MOU appeared in NextInsight and The Business Times.

Trendlines extends its partnership network with renowned global companies.

We are pleased to announce that we have signed a memorandum of understanding (MOU) with Haier Hai Chuanghui Incubator and Ventures (Haier HCH), a subsidiary of the China-based Haier Group Corporation (the Haier Group). Trendlines and Haier HCH will explore ways to collaborate in developing new technologies, solutions and products, deal flow and, investments; supporting Trendlines’ portfolio companies in China, supporting Haier HCH’s entrepreneurs in Israel, among other opportunities.

Trendlines and Haier sign an MOU

Trendlines’ Chairman and CEO Todd Dollinger and a Haier Group Partner Zhan Bo after signing the MOU in Trendlines’ Israel offices.

The Haier Group, which was founded in China in 1984, is one of the world’s leading manufacturers of major household appliances, with annual sales of approximately US$31 billion. In recent years, the Haier Group has transformed itself from a traditional manufacturer to an open entrepreneurship platform, investing in disruptive innovations. Haier HCH is a national platform founded by the Haier Group in 2014, which, by the end of 2016, had developed 15 innovation and entrepreneurship sites supportingm 108 incubators, 3,600 incubation projects, and 1,333 venture capital investments totaling US$1.8 billion.

Commenting on the MOU, Trendlines Chairman and CEO D. Todd Dollinger, said, “Further to our deep relationships with B. Braun Melsungen and Bayer Crop Science, the MOU with Haier HCH extends Trendlines’ track record in building substantial partnership networks with established, renowned, and global companies. It’s encouraging that these companies, with profound insights in their respective industries, see the value and growth potential with Trendlines and its portfolio companies. Haier HCH’s strong assets, resources, and knowledge of the Chinese market will tremendously complement the localization and commercialization of Trendlines’ innovative technologies in China. We look forward to expanding our cooperation, exploring ideas, contributing our knowledge and expertise, and deepening our collaboration to the mutual benefit of Haier HCH and Trendlines.”

General Manager of Haier Hai Chuanghui Incubator and Ventures Liu Changwen, commented, “Israel is widely known for its expertise and achievements in innovative technologies. Trendlines is one of the most well-known investors and incubators in the medical and agricultural technology spaces in Israel, with a mature and diversified portfolio, an experienced professional team, and a great track record in growing companies from concept stage to commercialization stage. We see strong potential in the Haier HCH-Trendlines collaboration in developing technologies and in co-investment. We expect our MOU will create substantial value for both Haier HCH and Trendlines.” Trendlines will make further announcement(s) as and when there are any material updates to the MOU.

Members of the Trendlines and Haier teams at Trendlines' offices

Members of the Trendlines and Haier teams at Trendlines’ offices in Misgav, Israel (l to r): Haier HCH Capital CEO Clarence Liang, Technique Integration Consultant (representative of Haier in Israel) Danny Oleiski, Trendlines Chairman and CEO Todd Dollinger, Haier Group Partner Zhan Bo, Trendlines VP Business Development Moshe Katzenelson, Haier HCH Director of Overseas Business Amber Yu, Trendlines Labs CEO Yosi Hazan

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