Naiot Venture Accelerator
Encyclopedia
Naiot Venture accelerator is a technological Incubator
, engaged in early seed
startup
investments. It is based in Yokneam, Israel
.
Naiot is a full subsidiary of the Ofer Hi-Tech Group, the venture capital
investment arm of the Ofer Brothers Group
. Naiot invests and creates value by providing management, as well as the human and financial resources required to nurture seeds concept into sustainable companies.
Investment portfolio focuses primary on Medical device
s, along with information technology
, enterprise software and web application
s.
Naiot screens over 350 project applications every year, from which it invests in 4 to 6 new projects annually, with $500k-$1M invested in each project. The investments is leveraged through an agreement with the Israeli Chief Scientist
's Office and the OCS Technology Incubation Programs (TIP).
Naiot's varied deal flow origins include entrepreneur
s, who approach Naiot with their innovative projects as well as strategic alliances formed with Medical and Academic Tech Transfers, VC
s, and IT and medical market leaders.
Successful graduates of The Naiot Venture Accelerator include: cardiovascular balloon developer Angioslide, biofunctional ingredients supplements company Enzymotec Ltd., CorAssist Cardiovascular Ltd., catheter
device developer Endocross Ltd., retractor maker EZ Surgical Ltd., stem cell company Multi Gene Vascular Systems Ltd. (MGVS), Rimon Medical Ltd., which was sold to Boston Scientific
for $135 million and MentorWave (Quiksee) which was acquired by Google
.
Business incubator
Business incubators are programs designed to accelerate the successful development of entrepreneurial companies through an array of business support resources and services, developed and orchestrated by incubator management and offered both in the incubator and through its network of contacts...
, engaged in early seed
Seed money
Seed money, sometimes known as seed funding, friends and family funding or angel funding , is a securities offering whereby one or more parties that have some connection to a new enterprise invest the funds necessary to start the business so that it has enough funds to sustain itself for a period...
startup
Startup company
A startup company or startup is a company with a limited operating history. These companies, generally newly created, are in a phase of development and research for markets...
investments. It is based in Yokneam, Israel
Israel
The State of Israel is a parliamentary republic located in the Middle East, along the eastern shore of the Mediterranean Sea...
.
Naiot is a full subsidiary of the Ofer Hi-Tech Group, the venture capital
Venture capital
Venture capital is financial capital provided to early-stage, high-potential, high risk, growth startup companies. The venture capital fund makes money by owning equity in the companies it invests in, which usually have a novel technology or business model in high technology industries, such as...
investment arm of the Ofer Brothers Group
Ofer Brothers Group
The Ofer Group is an Israeli family shipping business owned by the Ofer family. The Ofer family owns one of the largest private shipping companies in the world....
. Naiot invests and creates value by providing management, as well as the human and financial resources required to nurture seeds concept into sustainable companies.
Investment portfolio focuses primary on Medical device
Medical device
A medical device is a product which is used for medical purposes in patients, in diagnosis, therapy or surgery . Whereas medicinal products achieve their principal action by pharmacological, metabolic or immunological means. Medical devices act by other means like physical, mechanical, thermal,...
s, along with information technology
Information technology
Information technology is the acquisition, processing, storage and dissemination of vocal, pictorial, textual and numerical information by a microelectronics-based combination of computing and telecommunications...
, enterprise software and web application
Web application
A web application is an application that is accessed over a network such as the Internet or an intranet. The term may also mean a computer software application that is coded in a browser-supported language and reliant on a common web browser to render the application executable.Web applications are...
s.
Naiot screens over 350 project applications every year, from which it invests in 4 to 6 new projects annually, with $500k-$1M invested in each project. The investments is leveraged through an agreement with the Israeli Chief Scientist
Chief science officer
Chief Science Officer is a position at the head of scientific research operations at companies performing significant scientific research projects....
's Office and the OCS Technology Incubation Programs (TIP).
History
Since its foundation in 1997, Naiot has launched over 60 companies, which have raised over $300M in funding. 80% of the companies that have graduated up until today raised funds of $500,000 or more.Naiot's varied deal flow origins include entrepreneur
Entrepreneur
An entrepreneur is an owner or manager of a business enterprise who makes money through risk and initiative.The term was originally a loanword from French and was first defined by the Irish-French economist Richard Cantillon. Entrepreneur in English is a term applied to a person who is willing to...
s, who approach Naiot with their innovative projects as well as strategic alliances formed with Medical and Academic Tech Transfers, VC
Venture capital
Venture capital is financial capital provided to early-stage, high-potential, high risk, growth startup companies. The venture capital fund makes money by owning equity in the companies it invests in, which usually have a novel technology or business model in high technology industries, such as...
s, and IT and medical market leaders.
Successful graduates of The Naiot Venture Accelerator include: cardiovascular balloon developer Angioslide, biofunctional ingredients supplements company Enzymotec Ltd., CorAssist Cardiovascular Ltd., catheter
Catheter
In medicine, a catheter is a tube that can be inserted into a body cavity, duct, or vessel. Catheters thereby allow drainage, administration of fluids or gases, or access by surgical instruments. The process of inserting a catheter is catheterization...
device developer Endocross Ltd., retractor maker EZ Surgical Ltd., stem cell company Multi Gene Vascular Systems Ltd. (MGVS), Rimon Medical Ltd., which was sold to Boston Scientific
Boston Scientific
The Boston Scientific Corporation , is a worldwide developer, manufacturer and marketer of medical devices whose products are used in a range of interventional medical specialties, including interventional cardiology, peripheral interventions, neuromodulation, neurovascular intervention,...
for $135 million and MentorWave (Quiksee) which was acquired by Google
Google
Google Inc. is an American multinational public corporation invested in Internet search, cloud computing, and advertising technologies. Google hosts and develops a number of Internet-based services and products, and generates profit primarily from advertising through its AdWords program...
.