The Technology Innovation Momentum Fund, an investment initiative of Tel Aviv University (TAU) and Ramot (the tech transfer company of TAU), has secured a $5 million commitment from Temasek. Together with a lead investment from Tata, the Momentum Fund is now closing this round with an over subscribed level of investment of $23.5 million.The Momentum Fund already selected six leading technologies in Q1 2014 and is in the process of selecting an additional 4-6 technologies in Q4 2014. The Momentum Fund is expected to support 20-40 promising innovations over time in a wide range of fields, including engineering and exact sciences, environment and clean technology, pharmaceuticals and health care.
About Temasek: Incorporated in 1974, Temasek is an investment company based in Singapore, with a S$223 billion (US$177 billion) portfolio as of 31 March 2014.
About Ramot: Tel Aviv University’s technology transfer company and liaison with industry. Ramot drives the process to translate innovations into attractive licensing opportunities for industry.
A city can support ventures... and should, because ventures return the favor in ways you might not expect. This article by CIV International Research Affiliate Thillai Rajan A., and Vikram Kapur, shows how the presence of venture can energize the hosting city, leading to a virtuous symbiotic equilibrium. It uses as a case study the South Indian city of Chennai, founded in 1639, which is one of the thriving metropolitan cities of India today, presented in an insightful paper and a CIV City Case.