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FinancialNews
30-05-19
USD6.91m grants to be extended to Israeli medical tech firms
(MENAFN) USD6.91 million of grants was decided by the Israel Innovation Authority (IIA) and the Ministry of Economy to be extended to pioneering medical technology firms.
This decision is in line with a research and development (R&D) program that was launched to back medical technologies that are modernized.
Four million new shekels were granted to Enlivex towards efforts to create lifesaving immunomodulating cell therapies.
"In an effort to maintain Israel's position as a global leader in innovation, significant resources are being invested in the technologies of tomorrow, especially in the fields in which we enjoy a relative advantage," stated Israeli Minister of Economy Eli Cohen.
"Alongside the flourishing field of information technology, we set a goal of developing our life sciences, based on Israel's world-leading scientific accomplishments and technological strengths," affirmed Chairman of the IIA Ami Applebaum.
MENAFN3005201900450000ID1098588106
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