Prologue to Accelerate Nanotechnology Ideas Successful Serial Entrepreneurs Launch Prologue to Expedite the

Commercialization of Emerging Technologies



    SAN MATEO, Calif., and TEL AVIV, Israel, Oct. 31 /PRNewswire/ -- Prologue
 Technology Entrepreneurship completed raising its initial funding from Pitango
 Venture Capital.  Prologue is an entrepreneurship and investment boutique that
 employs a novel business model of identifying, screening, building, and
 commercializing of innovations in emerging technologies, primarily in
 nanotechnology.  Prologue cooperates with inventors, entrepreneurs, academic
 institutions and research centers to identify and develop intellectual
 capital, and provides the funding and managerial expertise required to create
 high growth businesses.
     Prologue is managed by highly experienced and accomplished entrepreneurs.
 Prologue's principals have been involved in founding and managing more than
 half a dozen companies in a variety of fields including telecommunications,
 transportation, software and medical imaging, and have created billions of
 dollars in shareholder value.  These companies include Chromatis Networks
 (acquired by Lucent for $4.75 billion), Scorpio Communications (acquired by US
 Robotics, later 3Com), and Banner Aerospace.
     Prologue identifies innovative scientific and technological know-how,
 validates market opportunities related to the invention, establishes a company
 together with the inventors, and provides initial funding to the company.
 After Prologue funds the company, it works closely with the founders to
 demonstrate technological and business feasibility.  Once the key foundations
 of the business are established, additional funding is made available to the
 company from Prologue and from venture capital funds associated with Prologue.
     Pitango Venture Capital (http://www.pitango.com), the leading venture
 capital fund in Israel, has provided Prologue with initial funding.  Nechemia
 (Chemi) Peres, Managing General Partner and Founder of Pitango Venture
 Capital, said: "In the past two years Pitango has examined the field of
 nanotechnology, and Prologue is our first investment in this developing
 field."  Aaron Mankovski, Managing General Partner of Pitango Venture Capital,
 added: "We are honored to partner with a team of such great record of
 scientific, entrepreneurial and business excellence, which includes the
 founders of Chromatis and Scorpio.  We believe that the exciting and promising
 area of nanotechnology and other related areas, combined with Prologue's human
 capital, will create a pipeline of exciting start-ups with long lasting
 commercial viability."
     Dr. Rafi Gidron, Partner of Prologue, formerly co-founder of Chromatis and
 Scorpio, said: "We apply the 'bottom-up' approach of nanotechnology to the
 process of turning raw concepts and research ideas into viable start-up
 companies.  We focus on emerging technologies with special attention to
 nanotechnology, which is expected to be the most exciting technology frontier
 in the next decade."  Nimrod Goor, Partner, who heads Prologue's office in the
 US (San Mateo, CA), added: "The combination of the Israeli scientific
 knowledge and leadership in the emerging field of nanotechnology and other
 related fields, coupled with the extensive business experience of the Prologue
 team and its close ties to the high-tech and investment community in the US
 and Europe, is a combination with tremendous potential."
     With offices in Tel Aviv, Israel and San Mateo, CA, Prologue has immediate
 access to Israel's creative, start-up oriented scientific and engineering
 sectors, as well as customers and technology centers in Europe and the United
 States.
 
     About Nanotechnology
     Nanotechnology is based on the science of manipulating atoms, molecules
 and other units with dimensions below 100 nanometers, and exploiting the novel
 properties exhibited at these scales to fabricate improved materials, devices
 and systems.  Unlike current production methods that are based on top-down
 manufacturing, nanotechnology enables taking tiny building blocks, such as
 atoms and molecules, and precisely assembling them to produce items with
 desirable characteristics.
 
     About Prologue Technology Entrepreneurship
     Prologue is an entrepreneurship and investment boutique focused on
 identifying, screening, building, and commercializing of innovations in
 emerging technologies, primarily in nanotechnology.  Prologue cooperates with
 inventors, entrepreneurs, academic institutions and research centers to
 identify and develop intellectual capital, and provides the funding and
 managerial expertise required to create high growth businesses.  Prologue is
 managed by highly experienced and accomplished entrepreneurs, and has offices
 in Tel Aviv, Israel, and San Mateo, CA.  For additional information, visit
 http://wwww.prologue.co.il.
 
     Media Contact:
      Nimrod Goor
      Prologue Technology Entrepreneurship
      650-776-4112
      nimrod@prologue.co.il
 
 

SOURCE Prologue Technology Entrepreneurship

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