The Merage Institute has announced NuTek Ltd. as the winner of the Merage 45+ Entrepreneurs' Competition, an annual event designed to help Israeli entrepreneurs aged 45 and over, as well as female entrepreneurs of all ages, get the funding, exposure and recognition they need for their start-ups.
NuTek, founded by Dov Cohen, has developed a family of Rainbow probes that accurately detect the location of remaining cancer cells in a patient during tumor removal.
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Merage Institute chairman and CEO Paul Merage said his organization was dedicated to "bridging innovation and entrepreneurship between Israel and the US to generate economic growth as we open new opportunities to all."
According to Merage Foundation Director Yishay Aizik, "We have identified the need to help Israeli entrepreneurs commercialize their wonderful ideas using practical tools. Our goal is to increase the success rate of Israeli startups and to help them break into the American market in the future."
As the winner of the competition, NuTek receives the $100,000 grand prize as well as acceptance into Merage Institute's Innovation Bridge Program in California.
This year's second place winner was EggBryo, whose founder Ariel Popper and his team have created a system that hatcheries and aviation coops differentiate between fertile and sterile eggs. Third place went to Adi Seifert's Lamu, a food tech startup, which is working on technology to reduce the amount of natural sugar in beverages such as milk and fruit juice.
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