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Rough Water No Bar To Investment

by 5m Editor
22 March 2010, at 12:00am

ISRAEL - Incubator HiCenter has announced it is to invest in fish farming technology.

Haifa incubator HiCenter has invested NIS8 million in four new ventures, signaling the launch of large-scale activity, reports Globes.

HiCenter operates under the auspices of the Office of the Chief Scientist as an incubator for companies in the commercialisation stage rather than the R&D stage, and is not part of the Chief Scientist's incubator programme. Hi Center focuses on software, electronics, medical devices and clean technology. It was founded in 2008 as a subsidiary of the Haifa Economic Corporation, which manages it.

One of the new ventures is Subflex, which is developing fish farming in the open sea, even in inclement weather conditions.