Hutchison Water Acquires Kinrot Ventures

Chinese-owned company Hutchison Water has announced the acquisition of Kinrot Ventures, a technological incubator founded in 1993 in Israel, as part of the Israeli Incubator Program. Kinrot is a worldwide leading seed investor in water and Cleantech technologies. Hutchinson could invest NIS 100,000,000 (or about $25 Million) in the incubator and in its portfolio companies over the coming 8 years.