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BGU to Invest in Cleantech Ventures

BGU to Invest in Cleantech Ventures

June 16, 2008

Alternative Energy, Business & Management, Press Releases

NEW YORK, NY – January 28, 2008 – Ben-Gurion University of the Negev (BGU) is investing in Israel Cleantech Ventures, Israel’s first clean technology-focused venture capital fund.

Advancement in research on environmental issues such as water and alternative energy technology is one of the main objectives of BGU’s research programs,” explains BGU President Prof. Rivka Carmi.  “The collaboration will solidify BGU’s leadership in environment, water and energy technologies, as well foster partnerships with other leading institutions.”

The Fund will work with BGU and its commercial technology transfer company B.G. N. Technologies to commercialize new technologies and inventions in the environmental field.

“BGU has been advancing green technology and science for nearly 40 years, long before it became fashionable,” explains Doron Krakow, executive vice president of American Associates, Ben-Gurion University of the Negev.  “This new venture is the natural next step in the University’s efforts to enhance and share their expertise for a greener world.”

“We are very impressed with the University’s researchers who are developing innovative technologies at the cutting edge of the fields of water and energy,” said Jack Levy, one of the partners at Israel Cleantech Ventures. “We believe that cooperation with Ben-Gurion University will contribute to a wide range of activities of Israel Cleantech Ventures and its portfolio companies.”

Israel Cleantech Ventures, managed by Glen Schwaber, Jack Levy and Meir Ukeles, was established in 2006 to provide value added growth capital to exceptional entrepreneurs and their companies.  The Fund has raised $50 million and invested in seven companies.

About Israel Cleantech Ventures: Israel Cleantech Ventures was established in 2006 to provide value added growth capital to exceptional entrepreneurs, building Israel’s energy, water and environmental technology leaders.  ICV’s investment professionals combine industry expertise gained through decades in senior management positions at Israel’s outstanding cleantech companies, with proven abilities in identifying, investing in and supporting VC-backed companies. www.israelcleantech.com 


Americans for Ben-Gurion University plays a vital role in maintaining David Ben-Gurion’s vision of an “Oxford in the Negev.” By supporting a world-class academic institution that not only nurtures the Negev, but also shares its expertise locally and globally, Americans for Ben-Gurion University engages a community of Americans who are committed to improving the world. The Americans for Ben-Gurion University movement supports a 21st century unifying vision for Israel by rallying around BGU’s remarkable work and role as an apolitical beacon of light in the Negev desert.

Media Contact:
Andrew Lavin
A. Lavin Communications
[email protected]