Incubator companies travel to U.S. as part of Director of Foreign Trade, Investment Promotion Center and Chief Scientist initiative
By Ronit Goodman /
A delegation of eight incubator companies from the Israeli medical-devices industry is visiting the U.S. to raise money and develop strategic alliances as part of a joint initiative between the Director of Foreign Trade, Investment Promotion Center and the technological incubator program of the Chief Scientist.
The companies – BiFlow Medical, Coeruleus, Arch Medical, Cath Med, Chi2Gel, DiACardio, Medasense Biometrics, Moebius Medical – have completed the initial R&D phase and are seeking money to ensure continued development and growth. The delegation will visit New York, Boston, Chicago, San Francisco, and San Diego and plans to meet with 150 investors and companies such as Boston Scientific, Smith’s Medical, Siemens Healthcare and Philips Healthcare.
Israel has more than 650 medical-device companies that constitute about 60% of the life-sciences industry. In 2011, total export of medical equipment was about $1.6 billion. Dozens of international companies such as GE Medical, J&J, Covidien, Stryker and Boston Scientific, operate in Israel.