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Information Technology

Staff Reporter

, Singapore

Published:

9 years ago

Singapore's Temasek invests $5m in Tel Aviv University technology

It’s 21% of the whole Momentum Fund.

Singapore-based investment company Temasek agreed to help fund new technologies emerging from research at Tel Aviv University, the university's technology company Ramot said on Monday.

According to a report by Reuters, Temasek agreed with Ramot to invest $5 million in the $23.5 million Momentum Fund, which selected six technologies earlier in 2014 and is in the process of choosing another four to six.

Temasek, which has a portfolio valued at $177 billion, will be a lead investor in the fund along with India's Tata Industries. The funds will go to a variety of technologies ranging from environment and clean tech to pharmaceuticals.

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