RAD Biomed Incubator
The Israeli incubator program started in 1991 to provide a
sheltered environment for scientists and entrepreneurs from the
former USSR
RBM was established in 1992 as general incubator, refocused in 1998
to biotech
Located in Tel-Aviv
Owned by the RAD group of companies
Six active graduate companies
MaimoniDex RA
InnoScent Ltd

The RAD Biomed Portfolio
9 Incubator companies
ARIO MEDICA
Gene therapy Peripheral atherectomy
Drug-delivery pump
Improved enzymes Molecular diagnostics Cord-blood harvesting
TouchMed OccuPharma TissueDetect
Endoscopy Opthalmic drug-delivery Epidural-space detection

Our Philosophy
RBM is a biotech incubator that serves as a natural interface between
the world of Israeli academic research and the global biotech industry
Long term vision: to build viable businesses and to create sustainable
benefits to the economy and a significant return to investors and to
the entrepreneurs
The goal of the incubation period is to prove the
technological concept and its feasibility and to
advance it towards commercialization.
To attain our goal we establish for each project a business model &
strong IP position, and demonstrate that it can attain profitability
in a targeted market segment

The Deal Flow
Projects are admitted to RBM either as a concept or as a small team
with molecule/technology & executive-summary/IP/work-plan etc.
Deal flow is generated in the following manner:
Entrepreneurs approach the incubator
Via our working relationship with TTOs
Proactive search for projects in Israeli academia and
hospitals
Personal contacts

Screening the deal-Flow
Rad BioMed Functions as a mini Pre-Seed VC
Incoming
Test Criteria
deal- flow
• Clinical Need
• Team
Product RAD BioMed’s
• Market Positioning Investment
• IP
Proactive Committee
• Technology
search
• Project status
for projects
Approval

Nurturing The Young Project
Our Nurturing Approach:
Mapping the needs (to reach the long-term goal), Assessing all the
available resources at set-up, Implementing and supporting
While keeping our focus on the startup’s long term goals,
we build the company’s work-plan & activities step-
by-step to position it for the next round of financing
RBM provides the incubator projects :
• Management & legal and financial support
• Business development and clinical consulting
IP strategy and regulatory & reimbursement planning
•
• Extensive lab space for R&D

Nurturing The People
In an ideal world, the “unskilled” entrepreneur would step aside and
make room for a “seasoned” business-oriented project-leader
In the “real world” we are limited by budget constraints, so we
appoint a project manager and then mentor and coach …
Coaching, coaching, coaching:
coaching
Active interaction with project managers
Creating a “business-oriented” thinking process
Adhering to work-plan

Funding
RBM incubator is owned and funded by the
Chairman of the RAD Group of Companies
The projects are funded by the Israeli
Government and matching-funds are
provided by the owner of RBM
Additional funding may be provided by
business angels before or upon entry,
and/or during the incubation period
Our companies seek VC or corporate
funding upon graduation and at-times
also during the incubation period
RBM maintains an active role in the fundraising process

Task Oriented Management Team
Idan Tamir, Ph.D.
President & CEO
Binah Baum, Ph.D. MBA
Shoshi Keynan, Ph.D.
Director, Business Dev
Project Manager
Clinical & regulatory
project IP experts
experts
Medical device Drug development
consultants specialists
RAD group of
companies

Handling The Maturing Company
Building Value To The Next Level
√ Demonstrating proof of concept –critical milestone
√ Creating a strong IP position with freedom to operate
√ Initiating regulatory procedures – what does the FDA look for?
Initiating discussion with regulatory consultants
√ Preparing succinct business plan for next investment round
√ Creating a professional advisory board & appointing a medical director
√ Initiating alliances with companies e.g. FP7 consortia
√ Helping to secure follow-up financing / alliances with strategic partners

Is project funding sufficient for required tasks?
Weaknesses
will the tight budget allow us to chose the “perfect”
manager?
How well do Government financing programs adapt
to changing needs?
Distance from global markets
Support & coaching to company management
Responsibility and accountability
Strengths Focus on value creation - always market oriented
Work-plan within a limited budget
Achieving technological POC within these constraints
Determination, flexibility & success orientation

What do we need to do in order “to do better” ?
Go Europe:
create alliances
Inclusion of our SMEs in FP7 consortia
Participation of incubator in FP7 consortia
Collaborations betw. our SMEs and clinical-centers
/SMEs in other European bioregions
Incubation of European pre-seed projects in RBM