Israeli health tech startups scoop Taiwan innovation awards

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Two Israeli health tech startups Sanola and Naor (Rapid Diagnosis), received the Breakthrough Innovation Award during the InoVEX 2022 pitch competition held this week in Taiwan. The award had a total of seven winners.

The two companies also received the Startup Terrace Award, which includes a $40,000 grant and office space at the Startup Terrace Innovation Center, a facility supported by the Small and Medium Enterprise Administration of Taiwan’s Ministry of Economic Affairs.

Organized every year since 2016, InnoVEX is Asia’s innovation conference for startups and part of COMPUTEX TAIPEI, a leading technology exhibition that attracts hundreds of participating companies from over 20 countries and over 10,000 visitors, including hundreds of investors international. A total of 145 companies from 14 countries participated this year.

Founded in 2016, Sanolla develops medical diagnostic and patient monitoring solutions with its patented AI-based infrasound auscultation technology and provides a variety of AI-based diagnostic solutions for primary care physicians.

Founded in 2020, Rapid Diagnostics has developed an innovative engine for rapid, on-site molecular diagnostics that requires no laboratory infrastructure. It applies to COVID-19 as well as a variety of other infectious diseases.

Sanolla, Rapid Diagnostics and Israeli air purification company Airovationparticipated in InnoVEX 2022 as part of the third cycle of the IP²LaunchPad program for the accelerated entry of Israeli companies into Far Eastern markets and the Taiwanese innovation ecosystem. The IP²LaunchPad program is used to accelerate the innovation ecosystem in Taiwan and will work in conjunction with the Taiwanese government’s $1 billion investment by 2023 to establish its status as “Silicon Valley of Asia”. Due to entry restrictions, companies participated remotely.

“Israeli companies have been featured at this conference for three years now, winning awards and grants, a boost for entering Far East markets, and various partnerships and collaborations, under the IP²LaunchPad program” , said Rani Shifron, CEO of Healthier Globe and Director of IP² Innovation Programs. “Participation in the program provides Israeli companies with a local presence in Taiwan, allowing them to strengthen their business activity in the Far East.”

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