Len Judes is Wyn River's associate for both Cyprus and Israel. Here he writes about the London launch of the Israel Lithuania Technology Hub, of which he is a director.
On 13th of March, the Lithuanian Embassy in London hosted the first UK seminar of the Israel Lithuania Technology Hub in front of a diverse audience of technology and life science businessmen, members of the Lithuanian expat business community, professional service providers, law firms, tax specialists, and corporate and M&A practitioners.
The Israel Lithuania Technology Hub (ILTH) is a platform launched by the Israel Lithuania Chamber of Commerce and Industry (ILCCI), a non-profit association. The prime purpose of the Hub is to promote economic growth and technological innovation in both Israel and Lithuania by creating a strong partnership between the two countries.
Israel is a phenomenal source of innovation with more start-ups per capita than anywhere else in the world.
Lithuania has an excellent wealth of talent and skilled labour which is cost effective, an interesting geopolitical position bridging Eastern and Western Europe, an understanding of cultures and access to Russia, the CIS markets and of course EU membership, as well as complementary strengths in technology emerging out of excellent academic institutions.
The UK as a whole, and the City of London in particular, are ideal global financial centres, with strong ties to both Lithuania and Israel. The professional legal, accounting and corporate standards of practice are high and are in fact the accepted international standard. England and Wales law and jurisdiction is often applied as governing in such cross border transactions. In light of the above, we have decided to develop the “British dimension” of the Hub activity and intend to run a series of seminars in future months to match UK funding to Israeli and Lithuanian innovation opportunities.
Len Judes and Ronen Gruber, directors of the Israel Lithuania Technology Hub, with seminar delegates at the Lithuanian Embassy in London