How war made Israel good at creating medical tech
Last year, six of the 10 companies on Forbes’s Top 10 Health Tech Changing the World were Israeli.
The country, already known as an incubator of high-technology businesses, is a strong player in a growing global medical devices market, which is expected to grow by billions of dollars in the next few years, according to market research companies.
Investment in startup tech companies in Israel has grown to more than $5-billion (U.S.) in 2015, according to Jon Medved, Jerusalem-based founder and chief executive officer of OurCrowd, an equity-crowdfunding group for those investing in Israeli and global startups.
Global tech giants are paying attention and transforming the country from simply a place where tech ideas come to life into a research and development hub. Waterloo, Ont.-based smartphone maker BlackBerry Ltd. acquired security startup WatchDox this year, joining giants such as Apple, Google, and Samsung, which all operate R&D facilities there.
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