Carmel Innovation Fund is a micro-fund of private investors, providing seed funding to companies established by Carmel, the economic corporation of Haifa University, for innovative projects based on IP of the University of Haifa. The fund provides seed funding to promising projects for approximately two years and helps to mature them to a stage of significant value and inflection point. Carmel Ltd and Carmel Innovation Fund incubate companies to the point where they can achieve strategic agreements or M&A. They also give access to the top commercialization opportunities within University of Haifa's globally recognized innovation centers. These span a diverse range of industries including biomedicine, sustainable agriculture, marine technologies, and information technology. Advantages of the fund include engagement with Haifa's top innovators in the companies as they grow and patents that are assigned exclusively to the companies formed.