MedInGalil, which is owned by Freddie and Eddie Zinger and the Galilee Development Corporation, was established in October 2010. The company invests in projects, ventures and companies in the field of medical devices, which are interested in operating in the Galilee region.
MedInGalil intends to exploit the advantages of the north: a quality workforce, qualified contractors and generous government funding to become a thriving and profitable investment company and to enrich the Galilee with sophisticated global industry.Investment Policy
MedInGalil intends to invest in promising ventures in the field of medical devices. Ventures that are in the early stages of development will be handled for a year as projects, not as companies by Migal - Galilee Technology Center. During this period, Migal's development team together with appropriate advisers will strive to reach POC (Proof of Concept) in a short time and with minimal cost.
Projects that will achieve Proof of Concept status, will receive continued investment from MedInGalil, shareholders and other sources. Other ventures and start-up companies that are located in the Galilee and are in advanced stages of development will receive operational help - according to their individual needs.
Investment in projects will be in many cases, but not always, combined with grants from the Chief Scientist of Industry. The intention is to take advantage of various grant tracks, of Migal's status with the Chief Scientist, and its location in Kiryat Shemona (a confrontation line city).Company Management
Dr. Aaron Schwartz, chair of the company's board is also VP of special projects in Teva Pharmaceuticals, Chairman of BioLineRx, a director of Clal Biotechnology and former Chairman of the Board of Meytav Technology incubator.
Freddie and Eddie Singer serve as active directors of the Board. Freddy was a former owner and CEO of Medimop Medical Projects Company, a medical device company that was sold in 2005 to West Pharmaceuticals Company.
Zvika Rubinstein who serves as CEO is an entrepreneur, and currently serves as CEO of Migal, and former CEO of Meytav Technology incubator. During his management, the incubator twice won the title of "excellent incubator”.Entrepreneurs
Entrepreneurs and owners of ideas or ventures are welcome to present them to MedInGalil management. Every idea that is tested and found worthy of investment, will receive an investment budget and work program that will help enable its success.
The company will make investment agreements with the developers and / or shareholders of the ventures. Entrepreneurs, who will transfer their knowledge to MedInGalil, will receive shares and / or royalties from the company when it is established. Investments in companies that are in advanced stages will be performed according to common models in the market.