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.
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