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AOL to invest in Israeli start-ups

25
May
2014

AOL Inc said on Sunday it is starting a program in Israel to assist start-ups, and that it will invest at least $100,000 in as many as 10 projects at a time. The Internet giant already has a development center in Israel, and its new project, called Nautilus, is meant to give maximum freedom to entrepreneurs and grant them access to all the tools and connections of a global company, said Hanan Laschover, chief executive of AOL Israel. AOL will escort each start-up, which will be chosen from a variety of fields that are connected to its global activities, for a period of a year, the company said.

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