Israel to in­vest in dig­i­tal health tech­nolo­gies

BioSpectrum (Asia) - - Regulatory News -

The Is­raeli Min­istry of Health is part­ner­ing with the Israel In­no­va­tion Author­ity, the gov­ern­ment’s tech in­vest­ment arm, to launch a new gov­ern­ment pro­gramme that will in­vest in pilots of dig­i­tal health­care or medtech tech­nolo­gies. The ven­ture will have an an­nual bud­get of around $8.5 mil­lion for the next three years.

The pro­gramme is the first step of the dig­i­tal health na­tional plan an­nounced by the gov­ern­ment in March with a five year bud­get of $264 mil­lion (NIS 922 mil­lion). The plan pro­poses to pro­vide star­tups with ac­cess to the data­bases of Israel’s four health main­te­nance or­ga­ni­za­tions. At the time, 400- 500 dig­i­tal health star­tups are cur­rently op­er­at­ing in Israel.

The author­ity wants to en­able com­pa­nies to test their prod­ucts at the ear­li­est op­por­tu­nity, in part­ner­ship with Israel’s health main­te­nance or­ga­ni­za­tions and the Is­raeli med­i­cal corps, Sagi Da­gan. Star­tups par­tic­i­pat­ing in the pro­gramme will re­ceive fi­nanc­ing of 20-50 per cent of their re­search and de­vel­op­ment ex­penses. Those de­vel­op­ing tech­nolo­gies with the po­ten­tial to sig­nif­i­cantly ad­vance the Is­raeli health­care sys­tem, or to im­prove health­care both in Israel and glob­ally, will re­ceive 60-75 per cent. The grant will not con­sti­tute an eq­uity in­vest­ment, but par­tic­i­pat­ing com­pa­nies will pay the author­ity roy­al­ties if their tech­nol­ogy reaches a com­mer­cial stage.

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