Two Israeli MedTech Firms Chosen For Canada Pilot Run of Aging, Wellness Innovation

January 9, 2018 | Two Israeli companies have been selected for the Ontario-based Canada-Israel Collaboration Program, a joint partnership program by the Center for Aging and Brain Health Innovation (CABHI) and the Israel Innovation Authority (IIA), according to a report from Nasdaq Globenewsire. This program provides Israeli companies looking to test their aging and brain health solutions at Ontario senior healthcare facilities with $250,000 CAD ($200,973 USD) from CABHU and added funding from IIA. The two companies are HeartBeat Technologies, an Israeli-founded firm that has developed an algorithm enabling doctors, nurses, and patients to monitor heart-related parameters and provide care management and Brainsway, a Jerusalem-based company with patented technology for brain disorder treatment. In 2016, the Ontario government signed Memoranda of Understanding (MOUs) with Israeli organizations in order to establish collaboration and partnerships in innovation.