Tuesday, April 15, 2008

IQwind named a Top 100 Tech Startup by Red Herring

IQwind Ltd., which is developing an innovative gearbox to improve the efficiency of wind turbines, was named by Red Herring as a Top 100 Tech Startup in Europe for 2008. It is one of 14 Israeli companies to make the list.

IQwind was established in 2007 and received early-stage funding from Terra Venture Partners. The company was founded by Gideon Ziegelman, formerly an entrepreneur in residence at Precede Technologies, and Nimrod Eitan, an experienced mechanical engineer who now serves as the company's CTO.