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Tel Aviv University’s Technology Innovation Momentum Fund Raises $17 million

Carter Ledyard client Ramot Ltd., the technology transfer company of  Tel Aviv University, raised $17 million for its Technology Innovation Momentum Fund.  The fund hopes to invest in 20-40 projects in the first quarter of 2014 in pharmaceuticals, healthcare, high-tech and physical sciences.  The investment was led by Tata, which committed up to $5 million, with the balance of the investment provided by SanDisk and angel investors, primarily from South Africa, the US and India.

Corporate partners Guy Lander and Steven J. Glusband and tax partner Howard J. Barnet assisted Ramot with U.S. corporate and tax matters.

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