Johns Hopkins partners with Israeli start-up accelerator to grow digital health companies | Biowebspin
Johns Hopkins partners with Israeli start-up accelerator to grow digital health companies

Johns Hopkins partners with Israeli start-up accelerator to grow digital health companies

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Johns Hopkins University (JHU) and Luminox-Health, a leading Israeli start-up accelerator focused on digital health, are partnering to connect Israeli entrepreneurs with the medical expertise, technology, and business network at JHU.

Despite the fact that Israel is home to more start-ups per capita than anywhere else in the world, entrepreneurs there find it hard to gain access to strategic U.S. partners in the medical technology industry. At the same time, U.S. investors have difficulty identifying Israel’s most promising digital health start-ps.

The JHU-Luminox collaboration is meant to bridge these gaps. Under the agreement, JHU faculty members will be able to team up with Israeli entrepreneurs to develop medical technologies. Beyond traditional funding and short-term acceleration programs, the initiative will offer a long-term, hands-on, fast-track market access route, including the option to explore potential business collaborations with JHU.

In addition, Luminox will offer the university new funding sources and an expanded digital health industry network for JHU entrepreneurs. It is also establishing an investment fund in collaboration with FastForward, JHU’s start-up accelerator, where Luminox entrepreneurs will conduct research and launch start-ups side-by-side with university faculty members.

“One of the major challenges for Israel’s digital health entrepreneurship is gaining access to strategic U.S. health care partners for proof-of-concept and business collaborations,” says Yossi Bahagon, CEO of Luminox. “Currently, each start-up finds its own way to the U.S. health care market. Even with a talented team and a solution that answers a true need, most entrepreneurs have difficulty navigating their way through the complex health world to find a win-win collaboration model.

“The Johns Hopkins-Luminox collaboration will offer outstanding Israeli digital health start-ups an established and effective route to one of the leading medical institutions in the world,” Bahagon says.  “We are going to infuse knowledge, experience, execution capabilities and high-end business connections into promising companies so that entrepreneurs will achieve their success milestones quicker, more effectively and at higher quality.”

By David Schwartz from http://techtransfercentral.com/

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