Israel is known as the “start-up nation” and this is true not only for hi-tech, but also in the medical devices sector. There are over 650 companies in Israel active in the sector, with exports reaching $1.6 Billion in 2011.
Gillam Keinan, head of Life Sciences at the Investment Promotion Center, says, “Israel is a focal point of investments in the healthcare arena, and there is constantly increasing interest on the part of multinationals, angels and investment companies in Israeli start-ups.” Many of the world’s leading medical devices companies have already invested in Israel, including: GE Medical, J&J, Boston Scientific, Philips Medical and St. Jude.
This month 9 of the most promising, early stage start-ups from Israel in the medical devices and life sciences arenas will arrive to the U.S. for an intensive roadshow to meet with potential investors.
It is still possible to arrange to meet the start-ups at the roadshow, which will take place January 28th – February 1st in New York, Boston, Chicago, Silicon Valley and San Diego.
“We’ve had a lot of interest from investors and large companies in the healthcare arena to meet with the start-ups,” says Nili Shalev, the economic attaché in New York. “Some of the companies who have set up meetings include: Boston Scientific , Smiths Medical, Siemens Healthcare , Philips Healthcare, Life Science Angels, Tech Coast Angels, Morgan Stanley, Siemens Venture Capital , Keiretsu Forum and many others, 130 organizations in all.”
Yariv Becher, Israel’s economic attaché in Chicago, tells more about how the start-ups were selected, “All the participating start-ups were nurtured by the Israel Technological Incubators Program at the Office of the Chief Scientist, which means they have undergone a very selective screening process, and have already been given technological and business guidance. They represent the very best of Israel’s healthcare early stage start-ups.”
This roadshow is a joint effort of Invest in Israel, the Foreign Trade Administration and the Technological Incubators Program of the Chief Scientist’s Office.
The companies participating in the roadshow are:
For more information on the roadshow and participating companies click here for the brochure.
If you are an investor interested in meeting the start-ups at the Roadshow please contact:
In the New York and Boston areas:
Rebecca Weinberg – rebecca.Weinberg@israeltrade.gov.il, Tel: 2124995622
In the Los Angeles area:
Ms. Sharon Eshaghian – Sharon.Eshaghian@israeltrade.gov.il
In the San Francisco area:
Ms. Yelena Giderman - economic@Sanfrancisco.mfa.gov.il
For a recent Globes article on Israeli success stories in the life sciences arena click here.