The reputations of Hebrew University and Hadassah Medical Center are expected to attract private investors as limited partners.
The city government of Jerusalem is looking to launch a $130m venture capital fund to support local biotech startups in areas including medical devices and pharmaceutical technology, Calcalist reported on Monday.
The government’s contribution to the vehicle would amount to $5.5m at most, with the remainder supplied by private investors, according to a request for proposals published by Jerusalem Development Authority. The request closes on May 15.
At least 50% of the fund’s resources would go to local startups.
Jerusalem…
