Mapping out the future of Israel’s healthcare industry
Many of the world’s largest health-related multinational corporations operate in Israel The recent third Forum of International Healthcare Corporations in Israel provided the perfect platform for these key players and other integral members of Israel’s health ecosystem to discuss their current activities, their economic impact, and to collaboratively identify and address sectoral needs, aiming to enhance both the healthcare industry and the broader economy.
The Forum was created by HealthIL, with the support of The National Program for Economic Growth of the Ministry of Economy and the Israel Innovation Authority, with the goal of strengthening the strategic position of healthcare multinationals in Israel, closing gaps in understanding between the corporations and governmental agencies, and better integrating the work of these corporations with broader healthcare innovation initiatives that will affect citizens around the globe.
The third meeting of the Forum included representatives from over 25 unique companies who met with Michal Fink, the Ministry of Economy’s Head of Strategy, Kerem Nevo and Shomrat Shurtz , Growth VP and Senior Manager respectively at the Innovation Authority, Yoav Fisher from HealthIL, Hadas klein, the Healthcare Cluster Manager for the Growth Administration and other representatives from the Ministries of Health and Economy, the Digital Health branch of the Ministry of Health, and the Innovation Authority,
There are nearly 100 multinational corporations in Israel that touch healthcare, of which 80% are of international origin and 20% of Israeli origin. These corporations have a significant impact on the Israeli ecosystem and the economy. Corporations of international origin significantly outpace Israeli corporations regarding R&D activities and play a predominant role in engaging with Israeli startups, clinical trials with Israeli healthcare organizations, and development of the next generation of innovation - frequently in conjunction with local startups.
Over the long run, these MNCs are critical for building the knowledge, expertise and exposure of Israel’s next generation of founders and investors.
Last week's Forum meeting led to a deeper understanding of the needs of the sector, which will be addressed by dedicated working groups composed of representatives of both the MNCs and the relevant governmental bodies and organizations. These collaborative efforts underscore the unique relevancy of multinational corporations to the continued prosperity of the Israeli economy and the Israeli high tech sector, as well as the government’s commitment to bolstering the local healthcare industry and, by extension, the overall economy.
Yael Ophir
Shlomo Levi
#healthcare #innovation #collaboration
