Diamond Tech will provide a home and financial support for start-ups that are in the initial stages of development, says a press note from IDI.
In establishing the Innovation Center, IDE is partnering with Sarine, the Israel-based world leader in developing technologies for the diamond industry and the Hennig Diamond group, which has an international investment arm specializing in diamond technologies. The Technion-Israel Institute of Technology has signed on as a strategic partner for research and development.
IDE President Yoram Dvash said, "We made a strategic decision to establish Diamond Tech Innovation Center because we are convinced that the diamond industry must advance technologically.The IDE will invest all of its resources to ensure the success of these start-ups and their contribution to the diamond industry."
Sarine CEO David Block said, “ As partners in this venture, Sarine is proud to support and nurture the next generation of innovators in the industry."
Hennig Israel CEO Arik Sela said: “We are convinced the diamond industry can benefit from new technologies and applications for diamonds and that this innovation center has the right ingredients to succeed.”
Through this initiative IDE plans to promote new technologies for diamonds in the broadest sense, reaching beyond gems and jewelry. This includes the use of diamonds in industrial platforms, robotics, semi-conductors, medical technologies, space technology, as well as software, finance, and B2B and B2C marketing platforms.
Aruna Gaitonde, Editor-in-Chief of Asian Bureau, Rough & Polished