Get In Touch
Nov2024 104x80.jpg
Current Issue
section
logo

Tata to set up IoT technology incubator with global leaders

By Swati Deshpande,

Added 15 November 2016

The incubator to be established in Israel

With headquarters at the TAU campus, i3 will be headed by managing partners Noga Kap and Eran Wagner, both successful Israeli entrepreneurs as well as investors with extensive experience in early-stage investments, and chaired by Shlomo Nimrodi, chief executive officer of RAMOT, and a veteran of the Israeli high-tech industry.

Commenting on this partnership, KRS Jamwal, Executive Director, Tata Industries, said, "The Tata group is excited about partnering with leading multinationals like GE, Qualcomm and Microsoft, along with Tel Aviv University and the venture capital fund Pintago. The group, since inception, has focused on developing new technologies in the spirit of innovation that is strongly embedded in its DNA. We hope to provide guidance and mentorship to the start-ups based on our experience of operating across a range of sectors, across multiple geographies. We could also potentially help start-ups scale easily by facilitating better access to market. This collaboration will help us identify and support breakthrough innovations in IoT, and look forward to having early access to new technologies with a focus on high quality products and ideas that will develop through this initiative."

END