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February 9, 2012 4:05 pm

General Electric Invests in Israeli Startup to Fight Cancer

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Chairman and CEO of General Electric, Jeff Immelt. Photo: wiki commons.

Israel21c – General Electric is investing in Israeli start-up, Check-Cap — a developer of an ingestible imaging capsule that may help detect colorectal cancer. The investment is being made through the GE healthymagination Fund, an equity fund that makes investments in highly promising healthcare technology companies.

In the past, General Electric bought well-established companies and factories in Israel, but this is its first investment in a startup company in Israel.

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