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IBM, Israeli Ministry to Back Open-Source Startups
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IBM and the chief scientist of Israel's Ministry of Industry, Trade and Labor on Friday said they have agreed to a pact to foster development of open-standards technology by Israeli start-ups. The pact calls for IBM to provide hardware, technology expertise and sales and marketing support, while the Israeli Ministry of Industry, Trade and Labor will supply funding to Israeli start-ups. No financial terms were disclosed.
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