Bill Gates Among Investors in New Israeli Tech Incubator


Bill Gates has invested indirectly in a newly established technological incubator for the development of medical devices, sources inform “Globes.” As far as is known, this is Gates first-ever investment in Israel.

The investment is in the XELERATOR incubator, which was set up by the MEDX medical device developer, managed by entrepreneur Harel Gadot (previously a senior Johnson & Johnson executive and a former Maccabi Tel Aviv basketball player).

There are three other partners in the incubator – Boston Scientific, the Sheba Medical Center, and Intellectual Ventures. The partners are committed to an overall investment of $65 million over eight years in the incubators’ companies and graduates.

 

 

GLOBES/GALI WEINREB AND YANIV MAGAL, THE JERUSALEM POST

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