Docor International BV is expected to manage HiTec Business Initiative Center at Jerusalem’s Har Hotzvim technology park. The incubator will be renamed Docor Shalem Incubator. Docor International Management is the Tel Aviv-based fully-owned subsidiary of Docor International BV, a subsidiary of Dutch Van Leer Group Foundation. Its CEO is Dr. Alon Dumanis. The Van Leer Foundation also promotes educational and cultural activities in Israel through the Van Leer Jerusalem Institute, the Van Leer Jerusalem Film Center, which runs the Israel Film Archive, Jerusalem Cinematheque, and annual Jerusalem International Film Festival.
Docor has invested in 14 Israeli start-ups to date, including Schema/a>, Shiron Satellite Communications. Marnetics, and HumanEyes Technologies. Docor has also invested in Gemini Israel Funds and Inventech Investments (TASE:IVTC). Its exits include Inverness Systems, sold in 2000 for $115 million in shares to Virata, which is turn was acquired by Globespan (Nasdaq:GPSN); and Speedwise, sold to Israeli company Orsus Solutions for a few million dollars. Docor recently led a financing round in Ramat Hasharon-based CogniTens 3D Vision Systems.
HiTec, managed by Irmi Eggert, currently manages 11 projects in the communications, computer, biotechnology, and medical devices sectors. Incubator graduates include DenX (ASX:DNX), Elam, Encotone, and Mango DSP.
Docordeclined to comment to the report. No comment was available from HiTec by web-posting.
Published by Globes [online] - www.globes.co.il - on May 14, 2003