Suzhou, China and Tel Aviv, Israel, September 14, 2010 --- Infinity Group, an RMB fund pioneer and the leader in cross border China RMB and dollar private equity funds, announced the creation of the first IP Bank in China and worldwide at the World Economic Forum’s 2010 Annual Meeting of New Champions in Tianjin, China. The IP Bank is a central location in China for ownership and licensing of intellectual property and proven technology. SIP from Suzhou is Infinity’s partner in China.
The IP Bank partners with entrepreneurs and Chinese companies with a global strategy to license, develop and commercialize the IP and proven technology. The IP Bank finances part of the initial commercialization with both dollar and RMB financing. It also provides management, legal structuring and marketing support for its partners. Companies, from outside of China with IP and proven technology, benefit from being able to penetrate a new market without the challenges presented by new territories.
The IP Bank owns the rights for the intellectual property and proven technologies, which originate from around the world, though currently mainly from Israel. The IP Bank aims to commercialize the IP and proven technologies in sectors such as medical device, agriculture, water, clean energy, materials, industrial solutions, imaging, IT and semiconductors. The activity of the IP Bank will follow the same structure as that which led to Infinity’s many successes including: Shellcase, WLCSP, Nanomotion and PPI. Last week, the IP Bank invested 5.2 million USD and became part of the controlling shareholders of publicly traded Maayan Ventures, a leading chain of technology incubators.
“The establishment of the IP Bank is another step in our currently seven year journey in China that continues at an impressive rate. Our ongoing presence in China with our many close friends, both in the business community and in the government, make Infinity a stable bridge for many companies, in and outside of the IDB Group,” said Mr. Avi Fischer, IDB Group deputy chairman and chairman of Infinity Group.
Infinity and the IP Bank are well aligned with the next five year plan in China as presented at the 2010 World Economic Forum’s Annual Meeting of New Champions in Tianjin this week. Industrial agriculture, energy consumption, advanced manufacturing methods, IT related to efficiency, high end industries, and services have been slated in China as key sectors of focus for advancement.
“IDB and Infinity, with the support of SIP, have developed a novel business model for the international private equity/venture capital industry to capitalize on China’s rapidly increasing stream of IP import. China has a huge market and companies around the world are actively seeking new and untapped markets for their strong IP. The IP Bank provides the infrastructure and necessary experienced team of professionals, in offices in China, Israel and the U.S., for these two forces to collaborate, to the benefit of both, as well as those investing in their futures,” said Mr. Amir Gal-Or, managing partner of the Infinity Group, founder of the IP Bank and a regular speaker at the World Economic Forum.



