Israel the new MedTech Hub
Israel is known as “start-up nation”, most recognized for its innovation. The country holds 6th place in Bloomberg’s Index of 2020’s Top 60 Most Innovative Countries in the World. A possibly less known statistic is that the Israeli medical industry has deeply contributed to this success, as one of its most productive & prosperous industrial sectors when it comes to innovation. In this article you will learn more about Israel as the evolving new MedTech Hub.
With approximately 7,000 active start-ups today, Israel is the world’s leader for number of start-ups per capita and one of the most technologically literate populations in the world. Israel's advanced workforce, along with its numerous foreign high-tech firms and sophisticated research centres, have all benefited the country’s developing high-tech industry. However, maintaining a successful innovative ecosystem certainly requires much more than just start-ups.
Israel is also home to various tech hubs, R&D centers, incubators and multinational corporations, all of which are seeking to assist the energetic local entrepreneurial spirit and knowledge provided by some of Israel’s high-end academic institutions. These include The Technion - Israel Institute of Technology, The Weizmann Institute alongside top hospitals such as Sheba Medical Center and Hadassah, offering companies a successful training ground for tests and clinical trials. Additionally, the Israeli government has done its fair share in promoting large budgets and funds targeted exclusively at tech industry research. Just as important is the private investment community including angel investors, venture capital firms, incubators, innovation hubs, and growth accelerators.
以色列还是各种技术枢纽、研发中心、孵化器和跨国公司的所在地，所有这些都在寻求以色列一些高端学术机构和充满活力的当地企业家精神和知协助。这些机构包括以色列理工学院(Technion)、以色列魏茨曼科学研究所（Weizmann Institute）以及以色列舍巴（Sheba Medical Center）和哈达萨（Hadassah）等顶级医院，为公司提供了成功的测试和临床试验培训基地。此外，以色列政府在促进专门针对科技行业研究的大量预算和资金方面做出了相应的贡献。同样重要的是私人投资社区，包括天使投资人、风险投资公司、孵化器、创新中心和增长加速器。
Med Tech in Israel
Nearly 2,000 companies operate the healthcare and life science sectors in Israel and there isn’t a doubt that when it comes to medical innovation, Israel is a global powerhouse. Israel is placed second following the U.S. in the number of companies advancing medical technology, with an average of more than 100 new companies each year. With a focus on medical devices, biopharma and digital health, a recent report lead by VC Pitango Capital Partners’ HealthTech fund finds that 250 active companies had raised a total of $6.5 billion.
以色列有将近2000家公司在医疗保健和生命科学领域开展业务，在医疗领域，以色列毫无疑问是全球创新强国。以色列在推动医疗技术发展的公司数量排名中仅次于美国，每年平均有100多家新公司。根据以色列领先创投公司Pitango Venture Capital的HealthTech合伙基金最近报告统计，活跃在医疗设备、生物制药和数字健康等领域的250家公司共成功募集了65亿美元。
Medical device companies
As for medical devices, Israel is an international leader. The amount of patents granted in the field places Israel as the leading country in patents per capita, and the fourth in total number of patents. Many new medical device start-up companies are created every year, promising to preserve and extend the present growth rate of the field. The long development process of the companies in receiving approval and mass production of a medical device, suggest they are here for the long run.
Additionally, innovation companies with support from the state, attract private investors which brings on additional budgets. All this certainly results in a greater economic boost. It should therefore come to no surprise that more than 40% of Israeli medical device startup companies have turned into successful and profitable companies. We believed that this successful path could continue in the future, especially as Israeli startups and entrepreneurial communities continuously advance.
A new interesting VC has recently formed in Israel, by top scientists and Nobel price winner; “Oncology First” - the first Israeli biotech venture fund of its kind, focusing on turning Israeli oncology discoveries to biotech assets: the company license breakthrough oncology discoveries from Israeli universities and hospitals and actively develop them, together with its senior advisors, leading strategic partners and network of global pharma companies and VCs to biotech assets. for more info contact IsCham team.
So, what’s the secret?
Israeli innovators are quick to adapt, respond and combine new technologies with existing ones to create useful solutions. MedTech entrepreneurs are especially known to identify the gaps and work toward filling them. These innovational teams power through obstacles in research and development, by bringing these concepts from ideas to reality and eventually turning them into functional and user-friendly products. Some of the most recent developments originated from the AI fields, machine learning and deep tech, all responsible for their contribution to the study of diseases, treatments and cures.
As COVID-19 continues to disrupt the world, the healthcare field in particular has faced major problems such as overcrowded hospitals and a growing and aging population, causing a massive increase in cancer cases and many other diseases. That said, it is beyond doubt that Israeli start-ups will continue to do their part in developing the newest innovation as well as saving and improving people lives all around the world.
Together we will Change the Future of Healthcare
On March 24th, Ischam, along with The Economic Mission at the Israeli Embassy in Beijing, China and Sheba Medical center (ranked #9 in the world) will host a webinar focused on Telemedicine; Sheba will reveal its innovative new project for the first time in China – Sheba Beyond. This project improves access to care, by using telemedicine solutions.
3月24日，中国以色列商会、以色列驻华使馆商务处和以色列舍巴医学中心(全球顶尖医院第九名)一起举办远程医疗主题网络研讨会；通过此次会议，舍巴医学中心将在中国首次展示其创新项目– Sheba Beyond。通过使用远程医疗解决方案提高医疗服务。
The event will be followed by a roadshow of Israeli telemedicine companies and B2B meetings between the companies and Chinese government health departments, leading hospitals, insurance companies and investors. We welcome you to participate at the event as active participants or audience.
IsCham will hold many healthcare related activities in 2021. You are welcome to contact IsCham team for more information.
Written by Dr. Iris Kastoriano, Shanghai Manager of Israeli Chamber of Commerece in China.
Ariel Shapira https://www.entrepreneur.com
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