Maryland center's $10M venture fund targets Israeli tech firms

Abba David Poliakoff’s “V8 moment” hit when he was plotting the Maryland/Israel Development Center’s future strategy early this year. If the nonprofit he chaired was doing so well in helping grow and develop Israeli companies, imagine what it could do as a for-profit company.

The Baltimore center has since set up its own venture capital fund, a for-profit subsidiary, to fund early-stage technology companies in Israeli incubators. The fund has so far raised $3.8 million toward a goal of $10 million, much of it from investors in Baltimore’s Jewish and business communities. Investors pay a minimum of $100,000 to get into the fund.

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