94 incubator companies and graduates raised over $115 million in the first half of 2006
The Steering Committee of Technological Incubators, headed by the Chief Scientist Dr. Eli Opper, approved the creation of nine new incubator companies. These companies will receive state grants and loans amounting to NIS 15.5 million.
"Globes" reported on the establishment of company several days ago: a new company in the Targetech Innovation Center which will develop a new implant for hip replacement. The rest of the projects have not been reported on yet.
The new companies in the medical devices field: a company dealing with precise and multi-information analysis of cranial CT scans has been joined the Technion Entrepreneurial Incubator Co. Ltd.; a company that produces mobile calming instrument for sufferers of attention deficit disorder was added to the LN Innovative Technologies Center in the Krayot area. A company developing an artificial valve for the mitral artery in the heart will begin working in the framework of the Incentive Incubator in Israel; and a company that is developing an instrument for cleaning calcium buildup from heart valves has joined the Meytav Technological Enterprises Innovation Center Ltd. in Kiryat Shmona.
The new companies in the software field: A company developing a product for the automatic installation of complex software systems was added to the Am-Shav Technological Applied Development Center in Sde Boker; a company developing a program for locating malfunctions in computer systems will operate in the framework of Naiot Venture Accelerator Yokneam and a company developing a system for conducting video VoIP (identification, monitoring and billing) will join New Generation Technology (NGT) in Nazareth.
In the field of biotechnology, a company developing an anti-cancer medicine based on a cannabis derived molecule which is supposed to have decreased side-effects in comparison with existing drugs, will operate in the framework of Meytav Technological Enterprises Innovation Center Ltd..
Opper said that after a three year freeze on incubator privatization, two new incubators were privatized: LN Innovative Technologies Center and Kinarot-Jordan Valley Technology Incubator . These incubators join the 12 incubators which were privatized in 2002-2003. Currently, of 24 technological incubators, 14 are private, one, BioLineRx Ltd.
Technical Incubators Program director Rina Pridor stated that during the first half of 2006, 94 incubator companies and graduates raised over $115 million, including 51 companies that raised over $40 million in first financing rounds after leaving the incubator.
Published by Globes [online], Israel business news - www.globes.co.il - on August 14, 2006
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