GANEI TIKVA, Israel,
July 13, 2017 /PRNewswire/ --
Today (Thursday, July 13, 2017)
the Tel Aviv Stock Exchange Market Open Ceremony was led by
managers of Mediterranean Towers Ventures - a new investment fund
that will focus on innovative technologies for older adults. The
fund will invest in startups which develop solutions to improve the
quality of life for the elderly, in all aspects of life: health,
culture and leisure, security and safety, loneliness, etc.
During the first year the fund intends to primarily focus on
start-ups in their initial stages in order to help the selected
entrepreneurs to become leaders and ground-breakers in the worlds
of older adults.
Yair Seroussi, former chairman of
Bank Hapoalim and chairman of the Mediterranean Towers chain will
take on the position of Chairman of the Fund's investment
committee. The committee will consist of additional members,
including Doron Arnon, CEO of the
Mediterranean Towers chain. The Fund is managed by Dr. Yael Benvenisti and Mr. Dov Sugarman.
Mediterranean Towers (TASE: MDTR) is a public company traded on
the TA-125 index and its entry into the field of investments in
technologies for older adults expands the company's areas of
activity and aligns with the chain's vision, that is to develop and
improve the quality of life of the elderly, which is the fastest
growing population in the world and also in Israel.
Yair Seroussi, Chairman of
Mediterranean Towers and Chairman of the Fund's Investments
Committee said, "We are proud to be the first to invest
in this important field of technological innovations for older
adults, and we hope that our entry into the field will encourage
additional ventures and developments for the population of older
adults. With the increase in life expectancy and the rapid growth
rate of the population of older adults in the world the technology
is becoming more and more relevant and there is a need to find ways
to improve the quality of life of the elderly. The Mediterranean
Towers is an innovative chain of retirement communities that
operates according to the worldview - "Living here is interesting",
therefore, establishing the fund is another layer in our worldview.
Beyond the economic and social move, the Fund will also promote a
connection between the older adults and the younger generation,
thereby encouraging new ideas and initiatives that we hope will
lead to the development of products which will help the country's
senior citizens. We believe that Israel can lead in global technology for older
adults, as it has done in the past in other fields of technology,
and we are proud to be pioneers in this field."
SOURCE Mediterranean Towers