September 12, 2017 | Medical equipment company Medtronic is the first company to establish new development centers in Israel through the Israel Innovation Authority. The firm will receive a $14 million grant from the Innovation Authority in return for hiring 100 extra employees in their new development center in Jerusalem and Yokneam. Medtronic already has cooperation with the Israeli medical equipment industry as it has 750 employees in Israel out of 85,000 employees worldwide. The company was founded by Palmer, Hermundslie, Daniel Grossman, Earl Bakken, and Patrick Wells.
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