Tel Aviv University’s technology transfer unit Ramot has announced the first closing of its $17m Technology Innovation Momentum Fund.

The Momentum Fund will be used to invest a number of different fields with a view to commercialise new technologies, including healthcare, drug discovery, and physical sciences, and will become operational from the start of 2014.

The lead investor of the fund with $5m invested is India-based Tata Industries, which was announced as an investor in the then $20m fund back…

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