Olmert to head high-tech venture with Kazakh businessman
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Olmert to head high-tech venture with Kazakh businessman

Former prime minister will chair board of VC firm ‘Genesis Angels’

Former prime minister Ehud Olmert (Yossi Zeliger/Flash90/File)
Former prime minister Ehud Olmert (Yossi Zeliger/Flash90/File)

TEL AVIV, Israel (AP) — Israel’s former prime minister Ehud Olmert has joined forces with a leading Kazakh industrialist and an Israeli entrepreneur to launch a new high-tech venture.

Olmert said on Thursday he will serve as chairman of the advisory board of “Genesis Angels” — a venture capital firm focusing on early stage investment in startup companies. It looks toward innovations in robotics, augmented reality, artificial intelligence and other cutting edge technologies.

Olmert, who was prime minister from 2006-2009, refused to speculate about his future political plans. But he said the foray into high-tech meshed with his vision of promoting Israel as a pioneer in high-tech.

Olmert is teaming up with Kenges Rakishev, a Kazakh businessman with interests in infrastructure, petrochemicals, shipbuilding and technology, and Moshe Hogeg, chief executive of the Mobli photo-sharing service.

Copyright 2013 The Associated Press.

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