India’s Reliance Industries is investing $25 million in the Jerusalem Innovation Incubator, the company has notified the Bombay Stock Exchange. Reliance has a 20% stake in the incubator, Motorola Solutions has a 20% stake, and Jerusalem based crowdsourcing fund OurCrowd has a 60% stake while Hebrew University of Jerusalem technology transfer company Yissum will provide promising technology and support. OurCrowd announced the establishment of the consortium last month but did not disclose any financial details.
Read more on Globes here.