Israel’sMedical Technology Ecosystem: A Culture of Innovation
At a panel at LSI USA '24, industry leaders convened to discuss Israel's remarkable position in the global medtech market. The panel featured prominent figures such as David Israeli, Hila Karah, Chris Eso, Jinny Lee, and Shai Policker. Their insights highlighted the driving forces behind Israel's medical technology ecosystem.
The Culture of Innovation
Israel's relentless drive for innovation is a cornerstone of its success. This culture stems from a national ethos that refuses to accept the status quo and continually seeks improvement. David Israeli emphasized this mindset as a key factor. "It's a very can-do attitude in terms of the culture people continuously identifying unmet needs, identifying new technologies, and trying to match new technologies with unmet needs," said Israeli. This cultural trait has positioned Israel as a hotbed for startups, particularly in the medtech market.
Israel’s Medical Technology Ecosystem
The synergy within Israel's innovation ecosystem is unparalleled. Chris Eso highlighted how various components of the ecosystem work together harmoniously, which is rare in other parts of the world. "In Israel, it's completely connected from the government, from the talent, from the investment side, from the strategics. Everything works in concert for the betterment of the patients," noted Eso. This integrated approach is crucial for the development and success of medical technology innovations.
This blog is originally published here: https://www.lsiusasummit.com/news/israels-medical-technologyecosystem-a-culture-of-innovation