Shanghai, China – May 25, 2015 – 31°North, an Israel-based venture advisory firm, and Gao Feng Advisory Company (“Gao Feng”), a global management consultancy with roots in China, today announced that they have signed a strategic partnership agreement. Both firms will seek to combine efforts to deliver a unique and comprehensive set of services to their global clients.
This partnership is intended to accelerate the commercialization of technologies related to the Internet of Things (IoT) from their incubation stage to full-scale deployment. Israel, dubbed the start-up nation, is known for its disproportional number of successful start-ups, doctors, scientists, engineers, registered patents and NASDAQ listed companies. Over the next decade, IoT related businesses are expected to grow exponentially, and China will likely become be the largest market for commercialization of these technologies. The sheer size of its population and industrial infrastructure, the high rate of user adoption of social networking and mobile/connected technologies, along with the commercial aggressiveness of the companies competing in the IoT market, will result growth rates higher than that of other global markets.
China’s urban transportation challenge, the high rate of adoption of connected mobile devices, combined with the rapid and aggressive introduction of alternative mobility and vehicle ownership concepts from new entrants, will ultimately compress the time needed to commercialize smart, connected car technologies and related services.
31°North and Gao Feng will partner to provide services to help their clients leverage these forces to achieve competitive advantage. The combined services portfolio will encompass topics including smart city, connected mobility, vehicle electrification and network management, among others. The Strategic Partnership aims to play a significant role in assisting public and private sector organizations to accelerate commercialization of innovative new technologies.
“The Israeli technology ecosystem has grown to be one of the most advanced globally with leadership in cyber, industrial technologies, big data, billing systems, sensor development, mobile applications amongst others. China represents an exciting market for Israeli firms and we look forward to leveraging our strong partnership with Gao Feng to help facilitate between Chinese global and local industries and Israeli technology”, said Uri Kushnir – Managing Partner at 31°North.
“Gao Feng is a pre-eminent strategy and management consulting firm”, said Dr. Edward Tse, founder and CEO of Gao Feng. “ The conditions in China – the market with the largest number of both internet and “smart phone” users – will likely make it the incubator for rapid commercialization of IoT innovations. The partnership with 31°North allows Gao Feng to offer our clients a broad set of capabilities and deep expertise in the area of IoT and Connected Mobility”, he added.
Gao Feng Advisory Company is a pre-eminent strategy and management consulting firm with roots in China and global vision, capabilities, and a broad resources network.
31°North is a venture advisory firm positioned at the cutting edge of the Israeli technology eco-system, assisting global corporates with strategy and implementation of technology.
31°North is a venture advisory firm positioned at the cutting edge of the Israeli technology eco-system, assisting global corporates with strategy and implementation of technology solutions. We work with global players looking to integrate new technology solutions into their existing technological platform, often also dealing with technology road-mapping, regulatory support and standards work. Our day to day is spent analyzing hundreds of technology companies ranging from startups to mature firms, with the aim of customizing the best available solutions for our global clients. We specialize in the automotive industry, smart cities and cyber security and have worked extensively with OEMs, Banks, Governments, municipalities, Industrial firms, Global integrators and Venture firms
Our founders bring experience from both the financial/venture and technological corporate world with experience as executives in global listed companies, technology startups and major tech integrators. Our in-house expertise is extended by deep partnership with Venture and Advisory firms.
About Gao Feng Advisory Company
Gao Feng Advisory Company is a pre-eminent strategy and management consulting firm with roots in China and global vision, capabilities, and a broad resources network. We help our clients address and solve their toughest business and management issues — issues that arise in midst of fast-changing, complicated and ambiguous operating environment. We put our clients’ interest first and foremost. We are objective and we view our client engagements as long-term relationships rather than one-off projects. We commit to helping our clients to not only “design” the solutions but assist in implementation, often hand-in-hand with the clients. We believe that every member of our team can contribute to problem solving for our clients, from the most senior to the most junior.
Our seniors are former senior consultants at leading management consulting firms and/or senior executives at large corporations. We believe clients would benefit the most from a combination of consultants with substantive experience in consulting coupled with line management professionals. In addition to our team in the Greater China offices of Beijing, Hong Kong and Shanghai, we have a global network of collaboration partners with a wide range of experience, capabilities and resources.