QDSolar Board of Directors

Dr. Raphael (Rafi) Hofstein

Dr. Raphael (Rafi) Hofstein joined MaRS Innovation as President and CEO in June 2009. He is currently a member of the board of directors of Life Sciences Ontario and of Clinical Trials Ontario, as well as a member of the Organizing Committee of the Public Policy Forum on Venture Capital and Innovation (part of the Quebec City Conference) and a member of the Ontario Health Innovation Council (OHIC).


Dr. Hofstein received his PhD and Master of Science degrees in Life Sciences and Chemistry from the Weizmann Institute of Science in Rehovot, Israel. His Bachelor of Science degree in Chemistry and Physics is from the Hebrew University in Jerusalem.


Dr. Hofstein was scientific director of the Israeli office of Ecogen Inc., a subsidiary of Monsanto, for over six years before assuming the role of vice-president, Business Development for Ecogen in Langhorne, Pa.


From 1997 to 1999 Dr. Hofstein was president of Mindsense Biosystems Ltd., an Israeli company that develops neuropsychiatric immunoassays. From 1999 to 2015, he has held the position of president and CEO of Hadasit Ltd., the technology transfer company of the Hadassah Medical Organization in Jerusalem, the largest teaching hospital in Israel.

Dr. Hofstein was the founder and served as chair of Hadasit BioHolding Ltd., a publicly traded holding company (10 start-ups under management) on the Tel Aviv Stock Exchange (TASE) since 2005. Other directorships held on TASE publicly traded companies include: Bioline RX (drug development), Exalenz (medical devices) and Evogene (agri-bio).


Rafi has also served as chairman of BIOMED, Israel’s annual biomedical conference, from 2005 to 2007. In addition, Dr. Hofstein is a co-founder and board member of ILSI, the Israeli Life Science Industry Organization, and a co-founder and executive in Israel’s Tech Transfer Network (ITTN).

Dr. Ted Sargent

Dr. Ted Sargent received a B.Sc.Eng. (Engineering Physics) from Queen's University in 1995 and a Ph.D. in Electrical and Computer Engineering (Photonics) from the University of Toronto in 1998.


Ted holds the rank of University Professor in the Edward S. Rogers Sr. Department of Electrical and Computer Engineering at the University of Toronto. He holds the Canada Research Chair in Nanotechnology and also serves as Vice-Dean for Research for the Faculty of Applied Science and Engineering.


His book “The Dance of Molecules:  How Nanotechnology is Changing Our Lives” (Penguin) was published in Canada and the United States in 2005 and has been translated into French, Spanish, Italian, Korean, and Arabic.

He is founder and CTO of InVisage Technologies and a co-founder of Xagenic.

He is a Fellow of the Royal Society of Canada, a Fellow of the AAAS “...for distinguished contributions to the development of solar cells and light sensors based on solution-processed semiconductors” and a Fellow of the IEEE “... for contributions to colloidal quantum dot optoelectronic devices”.


Ted’s publications have been cited over 12,000 times.

Nicola Bettio manages the KAUST innovation Fund, the venture fund supporting the King Abdullah University of Science and Technology’s pipeline of technology-based startup projects.  The KAUST Innovation Fund was established to invest in high-profile international technology companies willing to establish their operations in Saudi Arabia and to benefit from synergies with KAUST research activities. The innovation Fund is one of the few players in Saudi Arabia making venture capital investments in technology-based startups from seed (less than $200,000) to early-stage (up to $2 million).


In 1999 Nicola was director of Worldwide Marketing Coordination at Technicolor (NYSE: TCH, formerly Thomson Multimedia).


For over a decade, Nicola co-led EonTech Ventures as Co-Founder and Managing partner. EonTech Ventures is an independent Luxembourg-based venture capital fund focused on early-stage technology investments in France, UK and Italy.


Nicola spent a substantial portion of his career as a management consultant at Arthur D. Little, in the Paris and Milan offices, where he was member of the Global TIME (Telecommunication, Information, Media & Electronics) practice. As a team engagement manager, Nicola has led a large number of strategy consulting assignments assisting the top management of large ICT companies in Europe, the US and Asia.


In 2011 Nicola participated in the establishment of a venture capital fund in Russia as the co-founder.


Nicola holds an MBA from INSEAD and a business Administration and economics degree from L’Universita’ Bocconi.

Nicola Bettio

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