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Oren Milstein, an Israeli entrepreneur, had just given a presentation on his radiation protection start-up when he heard that Jeff Vinik, the investor and owner of the Tampa Bay Lightning ice hockey team, wanted to speak to him.
Mr Vinik had been in the audience at an event organised by the Florida Israel Business Accelerator (Fiba) and was impressed by how StemRad was expanding its vision from equipment for emergency services and astronauts to a much larger market of radiologists. He went on to lead a $6m funding round.
“It was a hit from day one and he joined and became our largest investor,” the chief executive says. “He’s a very proactive investor, he tries to help in every way, shape and form.”
StemRad spent years in the research and development phase, designing protection for people who encounter radiation. It had won a contract with Nasa to develop equipment…Read the full article on Financial Times here.
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