IATI Biomed 2016: Mayo Clinic launches initiative to invest in Israeli medical techMay. 19, 2016
In the first initiative of its kind, the Mayo Clinic, one of the best-regarded medical research and practice groups in the world, will seek to partner with Israeli life science and medical technology companies.
“We recognized the amount of start-up companies generated in Israel to help clinical practice and improve patient care and we wanted to explore the possibility to partner with them,” said Dr. Amir Lerman, the medical director of the Mayo Clinic Israeli Startup Initiative.
The Israel initiative is the clinic’s first country-directed investment and partnership program.
"We have been thinking for some time how to effectively interact with Israeli companies. We think the startup community in Israel is very robust on the cutting edge, doing very creative things, and we think we should be part of that," said James Rogers, the chair of Mayo Clinic Ventures, which is leading the initiative alongside The Merage Foundation.
Though the initiative has been in the works for nearly a year, it will officially launch at the IATI-Biomed conference, Israel’s largest life sciences and technology conference, in Tel Aviv next week.
The Mayo Clinic is sending a team to meet start-ups, learn about their technology, and potentially make investments.