News
TRDF & UGC $200m VC Fund
From right to left: Thomas Lau, Toni Wong ,CY Lau, Yossi Wald, Beni Soffer, Jonathan Mitchell, Technion President Prof. Peretz Lavie, Chairman of the Technion Board of Directors Gideon Frank, Gary Gannot and Executive Vice President for Research Prof. Wayne Kaplan
Technion Research and Development Foundation (TRDF) and UG Capital Management Limited (UGC) today announced their intention to act as sponsors of a new venture capital fund with targeted commitments of $200 million. The fund will focus on investments in Israel (or Israeli-related) science or technology companies with a relationship to the Technion-Israel Institute of Technology. The Fund is expected to be managed from offices in Israel and Hong Kong.
About the Technion
The Technion-Israel Institute of Technology is a public research university in Haifa, Israel. The university offers degrees in science and engineering, and related fields such as architecture, medicine, industrial management and education. It has 18 academic departments, 60 research centers and 12 affiliated teaching hospitals. Since its founding, it has awarded more than 100,000 degrees and its graduates are cited for providing the skills and education behind the creation and protection of the State of Israel.
Technion’s 556 faculty members currently include three Nobel Laureates in chemistry.
About UG Capital Management Limited (UGC)
UGC is the venture capital investments arm of United Gain Investment Limited (UGI). UGI founded in 2003, is a fund management firm with extensive experience in global investment, asset management and advisory services. UGI offers a comprehensive range of financial products and services to individual investors and institutions, and is dedicated to providing market-leading and professional investment solutions across all asset classes to preserve and enhance investors’ assets.
UGI is licensed under the provisions of the Hong Kong Securities and Futures Ordinance to carry out Type 4 (Advisory on Securities) and Type 9 (Asset Management) regulated activities.
June 14, 2017 @ Haifa, Israel
