Ramot selects projects for first funding round

Tel Aviv University’s technology transfer company, Ramot, has completed the selection process for its Technology Innovation Momentum Fund.

Ramot received more than 60 applications and has selected six projects at the university. The submissions were reviewed by four experts committees, comprised of three scientific committees and one investment committee. Initial funding will be NIS5m ($1.44m) which, pending successful completion of milestones, can potentially increase to more than NIS20m ($5.76m).

The Momentum Fund, which has secured $18m out of its target…