Home / Technology/ Tata invests in technology, R&D at Tel Aviv University

Tata invests in technology, R&D at Tel Aviv University


Comments / {{hitsCtrl.values.hits}} Views / Tuesday, 30 April 2013 00:31


Reuters:Tata Industries will invest $5 million in a new Tel Aviv University (TAU) technology fund, saying it saw the university as its Israeli research and development centre.



Tata, part of Indian conglomerate Tata Group, will be the lead investor in a planned $20 million fund at TAU’s technology transfer company Ramot aimed at commercialising their research.

“For Tata, we ... see innovation and R&D as an area of focus and a source of competitive advantage going forward,” Rameshwar Jamwal, executive director at Tata Industries, told reporters on Monday.

Jamwal said it was Tata’s first major investment in Israel and that it would likely invest further.

“This is our attempt to scout Israeli technology more deeply,” he said. “This allows us over a period of time to show our commitment to Israel but we are interested in doing more.”

Tata will work with TAU’s scientists to help steer them towards applying commercial uses for their research.

“It’s someone to test your ideas and say what’s a mistake,” said Shlomo Nimrodi, Ramot’s chief executive. “Tata knows the market better.”

He noted that TAU invests $150 million a year in R&D. Among Ramot’s big successes is flash memory, which was licensed by an Israeli company before it was sold to Sandisk (SNDK.O), which still pays millions of dollars of royalties to the university.

Nimrodi said the new fund will invest in healthcare, pharmaceuticals, cleantech, food security, the environment, engineering and software.

He noted that in some cases, Tata will get the right of first opportunity in a particular research project.

Many large global companies have R&D facilities in Israel, including Intel, Microsoft, IBM, Google, HP and Yahoo.


Share This Article


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

The Brahmin footprint in Sri Lankan history

Saturday, 17 November 2018

It is generally said that there are no genuine “Sri Lankan” Brahmins in the island today, and that those Brahmins who officiate as priests in Hindu kovils (temples) are of Indian origin with close ties with Tamil Nadu.


Country paying for Sirisena’s childlike behaviour

Saturday, 17 November 2018

Many were surprised on 26 October to see former President Rajapaksa being appointed Prime Minister by the very man who defeated him a couple years ago, at a considerable risk to himself and to those who helped him win the election. Then events beca


The JR-MR effect

Saturday, 17 November 2018

Sri Lanka over the last few weeks has experienced a twin crisis. One is political provoked by its Constitution, and the other economic engendered by its politics. However, this crisis is the combined effect of two previous presidencies, those of J.R.


The fish that swallowed the whale

Friday, 16 November 2018

This is an easy-peasy, elementary effort of an ordinary citizen to comprehend the mad scramble for power among the political class. It is undertaken in the belief that the crisis we face is an opportunity to reject the family kleptocracy of Mahinda R


Columnists More