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Hadasit Ltd To Establish Medical Device Accelerator

Tuesday, August 07, 2007 5:00:00 AM PDT | VentureDeal Staff

JERUSALEM, ISRAEL -- Tech transfer organization Hadasit Ltd. has announced plans to develop a medical device accelerator program.

Hadasit is a subsidiary of the Hadassah Medical Organization and is responsible for commercializing the organization's intellectual property and R&D program.  To date, those efforts have focused on biotechnology and pharmaceutical products.

The group intends to develop 20 medical device companies and fund them with up to $1 million each in two tranches of $500,000, depending on their progress and promise.

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