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M Ventures News
4 articles
Merck Expands Corporate Venture Fund M Ventures with a New Investment of € 600 Million Merck
Startup from Merck Innovation Lab in Israel Markets First Predictive Maintenance Sensors Merck
Merck sets up €20m fund for Israeli biotech cos
German pharmaceutical company Merck has announced the founding of the ExploreBio pre-seed fund to invest €20 million in young biotechnology companies over the next five years. Merck is setting up the fund in cooperation with Arkin Bio Ventures, Pontifax Fund, and China-based international company WuXi Apptec. The fund will invest in companies that are in initial trials for proving feasibility. ExploreBio plans to invest €1-1.5 million in each company, and to recruit up to four new companies a year for five years.
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German drugmaker Merck sets up Israel incubator to tap into chip, sensor tech
German pharmaceutical and chemicals firm Merck has launched its newest incubator in Israel, called PMatX, to support Israeli startup companies specializing in advanced electronic products. The incubator will focus on semiconductor and display crystal technologies and has a budget of €20 million over three years. Merck sees Israel as a hotspot for innovation and has previously set up a healthcare and life science incubator in the country. The program is supported by the Israel Innovation Authority and partners including HP, Battery Ventures, and Flex. The first startup to join the incubator is FeelIt, which is developing sensors that can be printed on various materials.
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M Ventures Team
Noga Yerushalmi
Head of Israeli Bio-Incubator
Robert Even
Business Development Manager, Electronics & Sustainability
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