$2.3m. investment in 'green' pesticides

A Ben-Gurion University start-up company that is developing environmentally friendly pesticides has succeeded in obtaining a $2.3 million investment from an overseas venture capital firm, reports www.mynet.co.il. The Botanocap company, which was founded and is run by university scientists, has a number of products currently undergoing licensing procedures in Israel and in the US According to the report, the Swiss-registered BHCO venture capital company has decided to invest $2.3 million in Botanocap, which is developing environmentally friendly pesticides based on oils and natural ingredients. Botanocap director Netta Cohen said the company was making a great contribution toward the environment, with world demand for environmentally friendly pesticides only expected to grow in the future. "This is one of the most promising technologies in the field of environmental quality that was developed and is being developed by Ben-Gurion University," Cohen said. "The company is advancing very well, and its success in obtaining a large sum even in these not-so-easy days points to the great business potential embodied in it."