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Full coverage· Tech· Updated

Israel Launches $500 Million Fund for Biotech Innovation

Israel is launching a $500 million fund, the INBI, to foster biotech innovation by connecting university research with commercialization pathways. The initiative aims to accelerate the development of new drugs and technologies by supporting startups and facilitating partnerships.

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What happened

  1. 01Israel establishes a $500 million fund for biotech innovation.
  2. 02The INBI aims to commercialize university research into new companies.
  3. 03Fifteen Israeli universities and major hospitals are partners.
  4. 04The fund seeks to bridge the gap between research and market.
  5. 05Philanthropy and government support will initially fund the initiative.
Translated and summarized by baba from Mignews, the latest report. Read Mignews’s original

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