Italians Say Si to Israeli BiomedJul. 11, 2013
This year marked a dozen years that the Israeli life sciences and biomedical community has hosted its annual International Biotechnology Conference – otherwise known as IATI BioMed.
Taking place at the David Intercontinental Hotel with additional seminars and networking opportunities at the Dan Hotel next door on the Mediterranean shore, BioMed is professional but small enough for deal-making and hand-shaking.
This time around, event organizers gave a wider stage to overseas companies looking to attract Israeli players, showing the two-way nature of Israel’s blooming biotech business. About 1,000 of the 6,000 participants at the three-day event were from foreign countries, predominantly the United States, Germany, Italy and Taiwan.
With over half a billion dollars in Israeli biomed financing last year, business people and investors are keen to explore how Israel’s life sciences industry can help them give better services to their clients and companies, and make money in local and international markets.
The European Union as a whole is Israel’s biggest trade partner. While Italy has some business in Israel’s biomed sector as a small part of the estimated $4 billion of trade between the two countries every year, Italian firms are eager to learn more about Israel’s secret startup sauce.
To that end, the Tel Aviv Italian Trade Commission Office helped bring 15 Italian companies to the Tel Aviv event along with the country’s leading banking group, the Intesa San Paolo Group from Turin.
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