Johnson & Johnson Links with Yissum of Hebrew University and Rehovot's Yeda of Weizmann Institute

"A fund for innovative science at The Hebrew University of Jerusalem has been established by university's Yissum technology transfer company and the Johnson & Johnson corporate office of science and technology. The contribution from Johnson & Johnson will be matched by the university and Yissum. A few days ago, the technology transfer arm of the Weizmann Institute - Yeda - announced a similar deal with Johnson & Johnson to establish a joint fund supporting research at the Rehovot institute. The purpose of the Yissum fund is to identify and encourage innovative research ideas. The focus will be on propositions which have the greatest potential for becoming major scientific breakthroughs or to be of great commercial possibility. The fund was officially launched at a recent ceremony attended by senior officials from Johnson & Johnson, Yissum and HU."

Source: Judy Siegel-Itzkovich. New Worlds: Cooperation is its own reward. J&J links up with Yissum. JPost.com (11 March 2006) [FullText]