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Tel Aviv U scores two deals with global companies

By David Schwartz
Published: July 11th, 2017

It’s been a busy month for Tel Aviv University and Ramot, its business engagement and tech licensing arm. The Israeli school landed deals with two major global companies – one with IT firm Wipro Ltd., the other with medical products company Baxter International.

The Wipro deal is a partnership for joint research in emerging technologies particularly in the artificial intelligence space. “We are excited to partner with Tel Aviv University to jointly develop innovative IP in core AI technologies that will help us build advanced and differentiated solutions and services for our customers,” said K.R. Sanjiv, Wipro’s chief technology officer.

Ramot’s VP of Business Development Oren Calfon added that Wipro is “a great fit” with TAU’s areas of excellence including machine learning, deep learning and sparse representation techniques.

The Baxter deal may have more immediate financial implications for the university, since it includes not only a research collaboration but also two license agreements covering surgical devices being developed by innovators at TAU and the Tel Aviv Sourasky Medical Center.

“Baxter is committed to finding creative pathways to bring innovative solutions to the operating room,” said Wil Boren, the company’s president of advanced surgery. “By working with leading experts at TAU and TASMC, we have access to promising early-stage research that could have a meaningful impact for surgeons looking for new tools to treat complex cases.”

Under terms of the agreements, Baxter will exclusively license technology supported by the TAU Technology Innovation Momentum Fund in one license agreement and technology developed jointly by TAU and TASMC in the second license agreement for use in multiple potential applications that might result from the joint research activity.

“TAU is world renowned as a leading academic and research institution for its innovation and entrepreneurship. We are gratified to see another one of TAU’s technologies graduating from our unique value enhancement program the TAU Technology Innovation Momentum Fund,” said Shlomo Nimrodi, chief executive officer of Ramot. “We are happy to partner with Baxter to explore how we can bring leading technologies to operating rooms worldwide.” Additional details of the agreements were not disclosed.

Sources: Business Wire and MoneyControl

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