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Aol To Invest In Israeli Start-Ups


Ron Burgundy
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The AOL logo is seen at the company's office in New YorkAOL 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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