01-Feb-18, Live Mint
At one of the largest tech conferences in Israel’s history, about 10,000 investors roamed start-up booths, learned how artificial intelligence can help treat neuro-disorders and visited a doctor’s office of the future.
%20Bloomberg.jpg "MedTech opportunity pushes Israel China romance (c) Bloomberg")
Image: Bloomberg
Almost one in five visitors to the Feb-18 summit hosted by OurCrowd - the Jerusalem-based crowdfunding investment platform - hailed from Asia, where China spends more than USD100 bn a year on prescription medicines.
As the government pushes for more innovation in healthcare, Chinese investors - already prolific supporters of US biotech and medical-device firms - are turning to Israel, where company valuations are lower and entrepreneurs are hungry for new markets.