For the seventh installment of our series exploring the accelerators, incubator labs, and development communities raising the next generation of innovators in medical technology, eHealth Ventures co-founder Stephen Shapiro visited MIDI CEO Greg Montalbano in the MIDI Innovation Vault to outline the inner workings of one of the world’s leading Digital Health incubators.
The Fund and Its Co-Founder
eHealth Ventures is a consortium of healthcare organizations and investors interested in supporting entrepreneurial groups producing disruptive technologies in the digital health sector with a strategic focus on digital diagnosis and therapeutics. Based in Tel Aviv, Israel, the incubator is associated with a vast ecosystem connecting groups to industry and healthcare stakeholders, strategic partners, and experts working in global markets, meanwhile benefiting from the ample resources available within the corporation’s blossoming local community.
Steve has an extensive history in wireless and computer services and a talent for building well-balanced teams that have carried him from executive positions at major cellular providers to starting and selling a multi-million dollar business. His healthcare career began helping primary care doctors digitize their health records to meet new requirements in the wake of Obamacare. Today, his affinity for working with engaged, motivated innovators drives his work at eHealth Ventures as well as in numerous other board and mentorship roles.
Local Ecosystem, Worldwide Opportunities
One important note to make on eHealth Ventures is that it is the only group with headquaters based outside of the United States of the accelerators and incubators featured on our series thus far. eHealth Ventures incubator’s location in Israel imparts several benefits, including engagement with a rich local ecosystem and support from a government highly invested in digital health technology innovation, of which Israel today is a world leader. IsrealIsrael is currently the home to multinational companies in the hundreds, world-class accelerators/incubators, and universities ranking top 20 globally, the ecosystem is not only robust but highly sophisticated as well— so much so that the US relies heavily on digital healthcare data produced in Israel in supporting FDA approval process.
The country is also ranked top three globally in startup successes. With cost-effective resources readily available for development and testing, along with generous government funding, it is easy to see why. This makes it the perfect environment to nurture growing companies, and eHealth Ventures’ partnerships expand upon this, adding further resources and opportunities while connecting with the international community and market.
As an incubator specifically concerned with digital health, eHealth Ventures also positions itself as uniquely relevant to current circumstances. Representing the next evolution of healthcare, the market is ripe for disruptive technologies with the potential for real, widespread impact. eHealth Ventures frequently engages with their partners in healthcare, such as Mayo Clinic, Amgen, and Maccabi Health Care, to parse what needs they might meet. The incubator also emphasizes producing technology that is accessible worldwide and assists their companies in navigating various regulatory and industry requirements across markets, leveraging their broad set of connections.
For entrepreneurs seeking high-quality digital healthcare incubation opportunities, eHealth Ventures offers prestigious program support capable of nurturing their business and technology as well as preparing entrepreneurs for success on a global scale. Currently supporting fourteen companies producing cutting-edge digital health products, it is an ideal prospect for those interested in digital therapeutics, digital diagnostics, and Internet of Medical Things (IoMT) devices and systems.
To learn more about eHealth Venture’s and the other accelerators, incubator labs, and development communities accelerating cutting-edge medical technology of tomorrow, visit the MIDI Innovation Vault: https://info.midipd.com/podcast
If you have any questions or comments about MIDI, eHealth Ventures, or would like to schedule a complimentary consultation with Greg Montalbano about your business, you can reach him by phone at 1-631-467-8686 or email at innovation@midipd.com.
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