Biotechnology, Health and Business in Canada, the United States and Worldwide
Tag Archives: Ministry of Finance
February 2, 2009Posted by on
Israel’s Ministry of Finance announced a two-part stimulus for high-tech and biotech companies.
- The first part is an additional infusion of NIS 150 million (US$37 million) for the Office of the Chief Scientist, which runs a variety of R&D and commercialization programs.
- The second part is NIS 250 million (US$61 million) to set up a new fund specializing in biotechnology investments. The fund will be leveraged by the private sector and will reach a total of between NIS 750 million and 1 billion, and will be managed by an experienced management body with expertise in the biotech R&D sector.