Two Israeli health tech startups, Sanolla and Naor (Rapid Diagnostics), received the breakthrough innovation award at the InoVEX 2022 pitch competition held in Taiwan this week. 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.
Held annually since 2016, InnoVEX is Asia’s innovation conference for startups and is 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 international investors. 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 Airovation participated in InnoVEX 2022 as part of the third cycle of the IP²LaunchPad program for the accelerated entry of Israeli companies into Far East markets and the ecosystem of Taiwanese innovation. 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.”