Faculty, students and alumni are set to benefit from the $200m vehicle, set up by the Technion Research & Development Foundation and UG Capital Management.
Technion – Israel Institute of Technology has unveiled a $200m venture capital fund that will support spinouts and startups emerging out of the university, as well as businesses launched by alumni.
The fund is a joint venture between the university’s non-profit subsidiary Technion Research and Development Foundation (TRDF) and UG Capital Management, the venture capital arm of fund management company UGI.
The fund’s management team will be based in Israel and Hong Kong. They include Jonathan Mitchell, CY Lau and…
