A BetterPlace is an infrastructure company rather than an IP company. The odds are never good in the first place, and I wondered who'd actually invest in this thing.
It didn't take long and it looks like the Israel Corp - who owns 28% - is a government run VC http://www.israelcorp.com/AboutUs/HISTORY.aspx who decided to bet on a "green" venture. If you take a look at their holdings, they are big into plants and overseas expansion. IC Power builds power generation facilities in third world countries, IC Chemicals is apparently #1 in magnesium.
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A BetterPlace is an infrastructure company rather than an IP company. The odds are never good in the first place, and I wondered who'd actually invest in this thing.
It didn't take long and it looks like the Israel Corp - who owns 28% - is a government run VC http://www.israelcorp.com/AboutUs/HISTORY.aspx who decided to bet on a "green" venture. If you take a look at their holdings, they are big into plants and overseas expansion. IC Power builds power generation facilities in third world countries, IC Chemicals is apparently #1 in magnesium.
Israel Corp. was privatized over the years and is now a publicly traded company.