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Public Venture Capital for Israel's Biotech Industry

 
• By Roger Longman

Israeli biotech is hot -- lots of ideas and lots of entrepreneurs. But the industry is chronically short of management and venture money. For the latter, companies have turned to Israel's recently deregulated stock market.

Merely judging from the activity at the early June ISLI Biomed Israel meeting, the industry’s annual gathering, Israeli biotech is hot. Exhibit booths—even of service providers—were crowded. Wherever one turned, there was a start-up or an academic anxious to wrap a company around his invention. The exhibit halls at BIO were moribund in comparison.

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