The Merck Group and Shanghai’s WuXi AppTec have launched the biotech startup incubator ExploreBio. It is Merck’s 3rd Israeli biotech incubator, based at Merck’s existing complex in Yavne and will focus on early stage biotechnology startups. The program has a five-year budget of $25 million.
https://www.calcalistech.com/ctech/articles/0,7340,L-3732351,00.html