Chief Scientist funds incubator cos with NIS 350m

20 start-ups received funding.

The Office of the Chief Scientist is investing NIS 350 million in 20 new start-ups at technology incubators. Five of the companies are in cleantech, eight are in software and telecommunications, and seven are in the life sciences.

Van Leer Ventures Jerusalem Ltd.) portfolio company ProMining Therapeutics Ltd., which is developing molecules to treat cancer, is one of the companies receiving funding. Meytag Technology Incubator portfolio company Gensis, which is developing an automated system for the sale of bags of purified water, is another.

Published by Globes [online], Israel business news - - on February 16, 2011

© Copyright of Globes Publisher Itonut (1983) Ltd. 2011

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