I have no way of knowing whether this venture is still in effect...
Polymate Ltd is/was Eurotech's joint venture partner/ liaison in Israel working in conjunction with the Israeli government's Incubator program.

Israeli IncubatorTechnologies
Eurotech's Office in Israel

We have developed arrangements with three Israeli technology companies:
(i) the Technion Entrepreneurial Incubator Co., Ltd. ("Technion"),
(ii) Ofek Le-Oleh Foundation, and
(iii) the Incubator for Technological Entrepreneurship-Kiryat Weizmann, Ltd.,
to participate in certain technology research and development projects sponsored by each company. Under such informal arrangements, we provide all or a portion on the financing for, and receive a 20% or greater equity interest in, research and development projects selected by us and the corporations. To this end, we have opened a representative office in the premises of Technion in Haifa, Israel. Pursuant to these arrangements, we have made investments in the following companies:
  • Chemonol , which has developed materials and processes for manufacturing hybrid non-isocyanate polyurethane industrial coatings HNIPU
  • Rademate , which has developed biodegradable hydrophobic materials;
  • Remptech , which has developed processes for the production of extra-fine cobalt and nickel powders;
  • Comsyntech , which is developing a process for the continuous combustion synthesis of ceramic, composite and intermetallic powders.
  • Sorbtech , which has developed a new inorganic sorbent for petroleum product removal; and
  • Amsil , which is developing high-thermostable organomineral polymers.