First 'green incubator' launched

Investment house Altshuler Shaham and hi-tech investor Ze'ev Bronfeld have acquired L.N. Innovative Technologies in an effort to turn the hi-tech incubator into Israel's first "green incubator.

By SHARON WROBEL
August 2, 2006 07:33

 
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Investment house Altshuler Shaham and hi-tech investor Ze'ev Bronfeld have acquired L.N. Innovative Technologies in an effort to turn the hi-tech incubator into Israel's first "green incubator. Altshuler and Bronfeld will invest $4 million into the incubator, named Ecocycle Israel, which will locate and fund projects for the development of environmental technologies, including the fields of clean energy, energy efficiency, recycling and water technologies.

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