WeWork’s Adam Neumann Extols Kamatech’s Start-up Accelerator in NY

WeWork Founder and CEO Adam Neumann praised the Kamatech’s 2017 Accelerator program, which opens the doors for Haredi entrepreneurs who want to connect to Israel’s start-up world.
CEO of Kamatech Moshe Friedman takes a selfie with his start-up entrepreneurs in NY Photo Credit: Shir Stein

Adam Neumann, the Israeli-born founder and CEO of the multi-billion dollar WeWork shared hi-tech space empire, took time out from his busy schedule to encourage over 300 potential investors who came to the ADP Innovation Center in Manhattan late last week to get an exclusive sneak peek at 8 cutting-edge start-ups (aka ‘Demo Day’), which are part of Kamatech’s 2017 Accelerator program located in Bnei Brak.

Moshe Friedman, a Haredi entrepreneur who created Kamatech several years ago, has opened doors for Haredi entrepreneurs wishing to connect to Israel’s start-up world by offering apprenticeships in top start-up companies that provide the guidance of senior experts. When Kamatech was created in 2013, there were only 5 Haredi startups. Today, there over 600 start-ups employing thousands of Haredi hi-tech specialists in their areas of expertise.

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“To take the great brains of youngsters learning in yeshiva and teaching [sic] them how to convert their passion and energy for the hi-tech world is a great cause and something I wish to support,” he revealed.

Kamatech is also receiving unrivaled support from legendary start-up moguls including Dr. Yossi Vardi (Mirabilis), Amnon Shashua (Mobileye), Zika Absuk (Cisco) and communal leaders such as Malcolm Hoenlein, Executive Vice-Chairman of the Conference of Presidents of Major American Jewish Organizations and the UJA-Federation of New York.

“We are extremely proud and excited about our start-ups because these talented young people represent the future of the Haredi community and Israel’s renowned start-up nation innovation on a global scale,” boasted Friedman.

Moshe Friedman (right) with WeWork founder Adam Neumann (left) Photo Credit: Shir Stein

Zika Absuk, Cisco Israel’s Senior Manager for Digital and Technology, added, “We formed a coalition of 80 companies across the global hi-tech world to help find quality jobs in the hi-tech field for qualified Haredi students and encourage Haredi entrepreneurs such as those from Kamatech to create innovative concepts.”

Hoenlein, who plays a vital role on Kamatech’s Steering committees, maintained, “Moshe Friedman and Kamatech have opened up a reservoir of opportunity. Everyone wants to be a partner with Israeli hi-tech and this is a great opportunity to build bridges.”

During Demo Day, each start-up CEO was given 3 minutes to showcase his/her start-up concept to investors. The innovations covered a wide range of technological ingenuity ideas including the creation of an AI (Artificial Intelligence) language, Brillianetor, which enables machines to “speak” with each other; a platform for smart urban life management dubbed Doorbill; a ground-breaking musical program called Muze that allowed the late Shimon Peres to play Beethoven’s 9th symphony within minutes; and a cutting-edge APP called Emerj that will entitle corporations to stem the tide of employees from moving to other companies by engaging them in a more personal manner.

Friedman also revealed that several of the aforementioned start-ups are already attracting considerable attention from Fortune 500 companies.

Hila Glick, the Director of StarTAU, at the Tel Aviv University Entrepreneurship Center, claimed that Kamatech and Moshe Friedman are fomenting a business and social revolution within Israeli society. “Kamatech alone is expecting to increase Israel’s GDP by billions of shekels as thousands of ultra-Orthodox (i.e. Haredi) professionals integrate into the technology sectors,” she said.

From New York, the Kamatech Accelerator start-ups are headed to San Francisco for a second Demo Day that will be hosted by Cisco’s Executive Chairman John Chambers with a keynote speech from Mobileye’s Amnon Shashua, who also serves as Chairman of Kamatech.



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