Yissum Technology Transfer Company of the Hebrew University of Jerusalem will allocate all proceeds from the exit of any portfolio company to cleantech ventures.
Yissum does not disclose its budget, but reportedly had $40 million revenue in 2006, including $30 million in royalties and $10 million from research agreements, which accrues to Hebrew University.
This cleantech thingie must be very profitable. I must be wrong in my denial of the cleantech reality and insistence in investing in oil-related business.
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