Reliance Industries will hold a 20% share in the newly formed Jerusalem Innovation Incubator, as will fellow corporate backer Motorola Solutions.
Diversified conglomerate Reliance Industries yesterday agreed to invest $25m in Jerusalem Innovation Incubator (JII), an early-stage program also backed by communications equipment producer Motorola Solutions, Times of India reported.
Reliance will take a 20% stake in the incubator as a result of its financial commitment, and expects technologies emerging from the incubator to benefit its telecom subsidiary, Jio, which is currently expanding its 4G mobile network across Israel.
Motorola Solutions will also hold a 20% stake in JII, while equity…
