TheTime named Israel's best incubator

The Technological Incubators Program has also chosen the three best technology incubator graduate companies, to be presented at its annual convention.

Cartiheal, Sol Chip, and ApiFix are the three best technology incubator graduates chosen by the Technological Incubators Program and which will be presented at its annual convention. Tel Aviv-based TheTime is named Israel's best incubator.

Cartiheal (2009) Ltd. produces cartilage developed from coral tissue, which is implanted where the cartilage is worn or damaged to encourage the growth of new cartilage. The company says that its product can produce myelin cartilage, which is similar to original cartilage, instead of scar cartilage, which most other companies in the field produce.

Cartiheal's shareholders include Elron Electronic Industries Ltd. (TASE: ELRN), Mori Arkin and Uri Geiger's Accelmed, and Peregrine Ventures, the franchisee of Incentive at Ariel, where the company is based. Cartiheal has raised $10 million, and is conducting clinical trials. It expects to begin sales in Europe in a year.

Trendlines Group Mofet Venture Accelerator portfolio company Sol Chip Ltd. has developed a device that converts solar energy directly into power for mobile handsets. Its technology makes it possible to install an inexhaustible battery on RFID sensors and chips. The company has raised several million dollars from Trendlines, Israel Electric Corporation's (IEC) Karat Fund, and business development company DS2 Ltd.

Trendlines Misgav Venture Accelerator portfolio company Apifix Ltd. has developed a minimally invasive implant to treat adolescent idiopathic scoliosis. The company has raised a few hundred thousand dollars from the Maryland-Israel Development Fund and Trendlines. The company's product consists of two screws, which are implanted through a tiny incision through the skin, without the need for full surgery involving a large incision along the back.

TheTime, owned by Ilan Shiloach and Nir Tarlovsky, and managed by Uri Weinheber, has won the prize for the third consecutive time, thanks to the number and quality of the ventures it has adopted, their management, and the securing of follow-on investments for them, says the Technological Incubators Program.

Published by Globes [online], Israel business news - www.globes-online.com - on June 26, 2013

© Copyright of Globes Publisher Itonut (1983) Ltd. 2013

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