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BRIEF-Reliance Industries proposes to invest up to US$25 mln in Jerusalem Innovation Incubator
July 20, 2017 / 12:55 PM / 4 months ago

BRIEF-Reliance Industries proposes to invest up to US$25 mln in Jerusalem Innovation Incubator

July 20 (Reuters) - Reliance Industries Ltd:

* Says board approves to set up and invest in a technology incubator by the name Jerusalem Innovation Incubator

* Says JII shall invest in early stage start-ups per year over license period of 8 years

* Proposes to invest up to US$25 million in JII and in frontier technology start-ups in tranches over a period of 8 years

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