11 new start-ups receive Chief Scientist funding

Chief Scientist Avi Hasson: The technology incubators were vital hothouses for innovative projects.

Chief Scientist Avi Hasson has approved NIS 20 million in grants for 11 new start-ups based in technology incubators. Five of the ventures are in medical devices, two are in cleantech, and four are in software and telecommunications.

Projects include biological bandages to stop bleeding, technology to extend the battery life of mobile devices and laptops, and solutions to protect children from online dangers.

Hasson said that the technology incubators were vital hothouses for innovative projects. He added that expanding support to cleantech companies would enable them to begin field trials, bringing them closer to market.

The projects are portfolio companies at Targetech Innovation Center, Misgav Venture Accelerator, Ofakim Hi-Tech Ventures, LN Innovative Technologies, and thetime Ltd.

Published by Globes [online], Israel business news - www.globes-online.com - on March 30, 2011

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

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