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Merck KGaA Initiates Fund for Start-Up Biotech Firms in Israel

12:20 AM MDT | March 31, 2011 | Deepti Ramesh

Merck KGaA says it has initiated the Merck Serono Israel Bioincubator Fund, a strategic and corporate initiative targeting biotechnology start-ups in Israel. The incubator program is designed to accelerate the development of entrepreneurial start-up companies and will offer both seed financing and the opportunity of using Inter-Lab, Merck Serono’s research and development center in Israel, for their own research. Merck Serono will invest a total of €10 million over a seven-year time span. In parallel Merck Chemicals will initiate a program for start-up...

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