TAU Ventures, with initial commitments of $20m, marks the first time that such a fund is being launched in Israel.

Tel Aviv University today launched a venture fund called TAU Ventures with approximately $20m in initial commitments from investment fund Chartered HighTech and several US and Canada-based investors.

Bahzad Kianmahd, chairman and chief executive of commercial financing firm Maxim Commercial Capital, is the only investor to have been identified out of the North American backers.

The initiative marks the first time that such a vehicle is being launched in Israel.

The fund will primarily focus on student and alumni startups…

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