Trendlines International develops international marketing strategies for Israeli
companies. Under the agreement with Misgav, Trendlines Israel Fund will invest
$2 million in Misgav and its portfolio companies. In addition to the investment,
Trendlines International managing director Steve Rhodes was appointed CEO of
Misgav last August. Misgav operates under the aegis of the Ministry of Industry,
Trade and Labor's incubator program.
Rafael (Israel Armament
Development Authority Ltd.) and the Misgav Regional Council founded Misgav
Technology Center in 1992. The incubator provides financial support, strategic
marketing development, and support for start-ups developing new technologies.
Misgav supports medical devices, life sciences, micro-electronics, software
and engineering research. Misgav graduates include Dune Medical Devices Ltd.,
Enzy-Surge Ltd., and ETView
Ltd.
Trendlines International managing director Todd Dollinger said, "The Trendlines
Israel Fund’s attention for 2005 will be principally focused on the Misgav
Technology Center. This past year has been a year of great change at the incubator,
with the incubator having made great strides under the leadership of the late
Lavi Werner. Since Steve Rhodes took over as CEO of the incubator on August
1, he has accelerated Lavi’s work toward building a strong portfolio,
while providing strategic guidance and support for the incubator’s companies.
We are very pleased that The Trendlines Israel Fund’s first investment
is with the incubator and its portfolio companies."
Rhodes added, “The MTC is investing in and supporting competitive, aggressive
and successful companies. We are excited not only by the Trendlines investment,
but by the The Trendlines Group’s potential to provide important strategic
guidance based on its vast experience and proven track record."
