Bill Gates has invested indirectly in a newly established technological incubator for the development of medical devices, sources inform "Globes." As far as is known, this is Gates first-ever investment in Israel. The investment is in the XELERATOR incubator, which was set up by the MEDX medical device developer, managed by entrepreneur Harel Gadot (previously a senior Johnson & Johnson executive and a former Maccabi Tel Aviv basketball player). There are three other partners in the incubator - Boston Scientific, the Sheba Medical Center, and Intellectual Ventures. The partners are committed to an overall investment of $65 million over eight years in the incubators' companies and graduates.
Image: http://www.globes.co.il
