New incubator for Israeli biotechnology start-ups
Merck and WuXi AppTec to launch biotech incubator
5arah, pixabay.com, CC0
Mori Arkin and life sciences-focused venture capital fund Pontifax are also said to be partners in the venture. The incubator, called “Explore Bio”, is to be housed in the Merck Serono complex in Yavneh, south of Tel Aviv.
According to CTech, “Explore Bio” does not rely on government support, but will be funded entirely by the partners. Currently, there is no upper limit to the number of participating companies.
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