Leading science and technology company, Merck teamed up with HP and Battery Ventures to launch an incubator focusing on Israeli start-up companies dealing with next-generation electronics that integrate advanced materials with novel manufacturing methods.
The technology innovation laboratory, dubbed PMatX, will focus on companies in fields related to next-generation electronics which includes the areas of disruptive materials and novel manufacturing technologies such as additive manufacturing. “As we see an emerging number of materials start-ups in Israel we believe the creation of an incubator focused on materials and manufacturing technologies in Israel is absolutely the right choice,” said Roel Bulthuis, head of Merck Ventures, the corporate strategic venture arm of Merck.
The first companies will be brought into the program in the fourth quarter of 2017. Hosted in newly constructed laboratories, the selected start-ups will benefit from cutting-edge technology to develop their product and concept.
Get to know more about PMatX Incubator.