MindUP News
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growth-positive
https://www.jpost.com/Jpost-Tech/Guangzhou-Life-Sciences-Incubator-launches-first-Israeli-partnership-572643
The Guangzhou Life Sciences Incubator has announced its first partnership with Haifa-based MindUP, a digital health incubator. The partnership aims to establish a parallel incubator where the Guangzhou government will invest in Israeli companies and help them penetrate the Chinese market. The collaboration is seen as a step towards building a strong relationship between Guangzhou and the life sciences industry in Israel. The Israel-Guangzhou Investment Group and the Guangzhou government launched the life sciences incubator in August 2018. The incubator is based on the Israeli incubation model and is financially supported by the Chinese government.
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growth-positive
MindUP incubator takes in first startup
Hemonitor, a medical device company, has been accepted into the MindUP technology incubator. The companys product measures blood flow in the main artery of patients in intensive care using ultrasound. Hemonitor aims to provide a less invasive and more cost-effective alternative to catheters for monitoring patients. The incubator, a partnership between Pitango Venture Capital, Rambam Health Care Campus, Medtronic, IBM, and Impact First investment fund, focuses on supporting digital medical ventures and making medical services accessible in developing countries.
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IBM, Medtronic win grant to launch digital medicine incubator in Israel
IBM and Medtronic are part of a group that has won a grant from the Israeli government to open a digital medicine incubator. The goal of the incubator project is to have companies with the experience and resources to screen promising ideas, help them shape and develop these early stage businesses, and bring them to the point where they can secure venture capital backing. The incubator program provides budgets ranging from $500,000 to $800,000, with 85 percent of the funding coming from the government through a grant. IBMs involvement in the incubator program is expected to have a positive impact on the companys growth.
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