12 incubator programs get NIS 20.5m

Most of the programs are in biotech and medical devices.

The Technology Incubators Committee, chaired by Chief Scientist Dr. Eli Opper, has approved NIS 20.5 million in grants for 12 new programs. Four programs are in biotechnology and pharmaceuticals, four are for medical devices, and four are software and telecommunications.

Among the projects approved are a combination of drugs to cure open wounds and develop antibodies to prevent and cure infectious diseases at New Generation Technology (NGT) in Nazareth; a system to delivery medicines under development at Yozmot Granot Initiative Center; a project to develop insulin-producing tissue to treat diabetes, and a system for monitoring amniotic fluid in pregnant women at Van Leer Ventures Jerusalem Ltd.

Published by Globes [online], Israel business news - www.globes-online.com - on November 1, 2009

© Copyright of Globes Publisher Itonut (1983) Ltd. 2009

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