Bloomberg
As the Tel Aviv representative of the Ohio Department of Development, Rick Schottenstein said he’s barely able to keep up with his e-mail.
“It’s a total avalanche,” Schottenstein said, as Israeli biotechnology companies seek to link up with Ohio medical experts, clinics, and investors, Bloomberg Businessweek reports in its Nov. 19 edition. “Each week I meet two, three companies interested in finding a connection. It just doesn’t stop.”
Buttressed by state incentives and an Ohio venture capital fund dedicated to investing in Israel, biotechnology companies from that nation are flocking to Ohio, the seventh-most-populous state in the U.S. In the past eight years, at least 14 Israeli technology start-ups raised funds from Ohio-based backers, and at least six of these opened offices in the state, said Michael Goldberg, founder and managing partner of Cleveland-based Bridge Investment Fund LP.
Read Full Article
Fresh food that lasts from eFoods Direct (Ad)
Live Superfoods
Print this page
