New incubator for Israeli biotechnology start-ups

Merck and WuXi AppTec to launch biotech incubator

05-Jan-2018 - Israel

Shanghai-based pharmaceutical company WuXi AppTec Group is partnering with Merck Serono to launch a pharma and biotech startup incubator in Israel in early 2018, according to a report from CTech.

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.

Other news from the department business & finance

Most read news

More news from our other portals

Is artificial intelligence revolutionizing the life sciences?

Something is happening in the life science industry ...

This is what true pioneering spirit looks like: Plenty of innovative start-ups are bringing fresh ideas, lifeblood and entrepreneurial spirit to change tomorrow's world for the better. Immerse yourself in the world of these young companies and take the opportunity to get in touch with the founders.