Corporate giants Microsoft Ventures, a unit of China’s HNA, India’s Tata, GE Ventures and Qualcomm Ventures will join forces with Tel Aviv University and Israel’s Pitango Venture
Capital to set up a new $20 million fund to invest in Israeli startups that are developing Internet of Things (IOT) technologies, the university said. The new consortium will be called Israel IoT
Innovations – i3 Equity Partners (“i3”). It was set up by the five corporations together with Pitango and the Tel Aviv University, via its RAMOT technology transfer company. The aim
is to invest in early-stage Israeli ventures and help them develop into entities playing in the global arena, the statement said.
Read the whole story at Times of Israel »
