The parties will work together to bring Israeli Digital Health to China and build a new incubator in China Israel Changzhou Innovation Park (CICP), Jiangsu Province.
eHealth Ventures (“eHV”), Israel’s leading Digital Health incubator and China Israel Changzhou Innovation Park (“CICP”) have partnered to bring Israeli Digital Health startups into the Chinese market while simultaneously creating a local Digital Health accelerator / incubator in Changzhou City, Jiangsu province.
In the agreement, Israeli companies in the field of Digital Health (primarily Digital Diagnostics and Therapeutics) will be provided the required infrastructure to do business in China including grant, facilities, team, equipment, expertise in regulation, product development, and access to Chinese healthcare providers.
Both parties will concurrently plan a pre-incubation program in China aimed at 20-30 entrepreneurs in the Digital Health sector, as well as physicians and researchers working at leading medical centers and healthcare providers at Changzhou.
“We are happy to enter into this promising affiliation” said Talor Sax, CEO of eHealth Ventures. “We know that outstanding science and technology are crucial for every company – but not sufficient, and a key success factor for our portfolio companies is to connect them to major markets worldwide. China Israel Changzhou Innovation Park is a great entry point into the Chinese market, and the excellent infrastructure coupled with the experience with Israeli companies is valuable. Moreover, we are proud to share our know-how and best practices to assist the region to develop infrastructure for incubation, to attract entrepreneurs from all over China and build successful Digital Health companies together.”
“We appreciate the concentration and expertise of eHealth Ventures on Digital Health”, said Stone, Party Secretary of China Israel Changzhou Innovation Park. “Spending on digital healthcare services in China will grow to $110 billion in 2020. We are dedicated to pave the way for Israeli companies to enter Chinese market. Hand in hand with eHealth Ventures, we are looking forward to facilitate more collaborations between Chinese and Israeli companies in this specific industry.”
About eHealth Ventures
eHealth Ventures is leading Digital Health incubator established in 2016 by Maccabi Health Services, a top HMO in Israel, the Cleveland Clinic, Amgen, Medison and other international partners. The incubator has reviewed over 850 promising projects and technologies and has invested in eight disruptive companies.
About China Israel Changzhou Innovation Park
The China Israel Changzhou Innovation Park (CICP) has been dedicated into the cooperation with Israel for a decade, served over 1000 Israeli companies and made more than 80 success cases in China. CICP is also running a bi-national governmental initiative (CIP Initiative) that provides a unique platform for Israeli companies seeking to enter the Chinese market. The Park provides Israeli companies incentive package and professional services to help them overcome barriers and succeed in China with the support of the park’s facilities and its dedicated staff team.