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IATI - Israel Advanced Technology Industries
IATI - Israel Advanced Technology Industries
IATI News & Events Daily Industry News IATI Biomed 2015: Biomed Companies in Israel Hit Record Numbers

IATI Biomed 2015: Biomed Companies in Israel Hit Record Numbers

May. 18, 2015

The Israeli biomed field is healthy and robust, thanks to a record year of investments in 2014 and a creative startup community of researchers, engineers and medical professionals.

This year’s Israel Advanced Technology Industries (IATI) Biomed 2015 conference,  held last week on May 12-14, 2015, attracted some 6,000 people including top healthcare industrialists from 45 countries.

“Biomed 2015 offers an attractive networking venue and business opportunity for players across the biomed industry to create new partnerships and collaborations,” says IATI Biomed co-chair Ruti Alon, also general partner at Pitango Venture Capital.

“This is the biggest and most established annual meeting of the Israeli life-science industry, and as such attracts senior representatives from global companies that search for innovation and groundbreaking technologies.”

Israel’s life-sciences figures show a record 1,380 companies active in Israel today – 53 percent of them medical devices companies, 23% pharmaceutical companies, and 20% digital or mobile healthcare companies, according to a report published by IATI, the umbrella organization of the Israeli high-tech industry.

At the Startup Pavilion sponsored by the Office of the Chief Scientist and MATIMOP Israeli Industry Center for R&D, 45 startups seeking partnerships or investments showed off their innovative ideas in the sub-fields of biotech/pharma, medical devices, health IT/digital health and service providers.

Two of the startups shared first place in the pavilion’s WOW Competition: Quiet Therapeutics, pioneer of targeted and safe delivery of therapeutics; and Medasense Biometrics, a medical-device company developing a continuous and noninvasive pain-monitoring device, were chosen as Innovative Companies of the Year.

While the top industry speakers and hundreds of exhibitors were the main attractions at Biomed, a healthcare IT hackathon took place for the first time at the conference as well. The hackathon brought engineers, clinicians, entrepreneurs, software developers and designers together to come up with innovative solutions to health IT challenges.

The Healthcare IT hackathon first-place winner was PlaybyBreath, which invented a smartphone game application controlled by breath for respiratory training for ALS patients.

“The innovation and creativity of Israel’s entrepreneurs can lead to the development of breakthrough technologies in the field of digital health and health IT that have the potential to improve the lives of millions of people worldwide. The objective of the hackathon is to offer these entrepreneurs a platform to develop their ideas, under the guidance of key Israeli healthcare figures,” said IATI-Biomed co-chair Dr. Benny Zeevi.

For the full feature story on Israel21c click here.

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