March 12, 2018 | The city of Haifa has established a new, international digital health center in its downtown area, Haifa Mayor Yona Yahav announced in an inauguration ceremony, along with Jerusalem Venture Partners Chairman Erel Margalit and CEO of Berkshire Partners Brad Bloom, according to a statement from Israel Initiative 2020 (ii2020), Margalit’s vision to create a dynamic center of excellence in seven regions throughout Israel, including Haifa. The center is scheduled to open January 2019. It will serve as an innovation center, an academic accelerator for students, a platform for multinational companies, an investment-focused venture capital fund for Haifa, and an establishment for digital health-related activities, including a meeting place for entrepreneurs and investors in the field and a center for cooperation between academic institutions in Haifa and and research and medical centers throughout Israel. The center will work in cooperation with Haifa’s Technion — Israel Institute of Technology, the University of Haifa, and Rambam Hospital. “This is an exciting and important day for the economic development of the city, and what we have done in Beersheba with cyber is here in the field of digital medicine, One of the world’s leading medicine companies, the presence of multi-national companies and a flourishing entrepreneurial scene – combining these four elements together, around the digital health field can create thousands of jobs here.the digital medical district will become the focus of the city’s innovation. The city of Haifa has revolutionized the lower city, and I do not have a spade Let the lower city be the focus of all this,” said former MK Margalit at the ceremony. The center will be built in a historical building first built in the 1930s in a Bauhaus style by renowned architect Richard Kaufmann, will cover at least 1,100 square meters (over 11,840 feet). Margalit recently hosted last month’s Ecosystem Haifa 2018, a conference to focus on Haifa as a center of innovation and entrepreneurship as well as a global leader in digital health. Israel’s Finance Minister Moshe Kahlon opened the conference, announcing that the Ministry of Finance will be a full partner in the vision to transform the “lower city” area into a center of innovation of entrepreneurship in the field of digital health.