March 30, 2016 | Alon MedTech Ventures incubator, established in 2013 by chairman Dr. Shimon Eckhouse and CEO and CTO Dr. Judith Zilberstein, is signing a cooperation agreement with Tsinghua University, one of China’s leading universities. This is the first cooperation agreement of its kind between an Israeli technology incubator and a Chinese entity. The agreement is Tsinghua University’s second in Israel, after it signed an agreement with Tel Aviv University in 2013 to establish a joint center in China for Israeli and Chinese researchers, called the XIN Research Center. Under the agreement, the Alon MedTech incubator will review projects from the XIN Research Center, and select several of them for further development in the incubator. The products to be developed by these companies are to be adapted to the Chinese market and prepared for marketing in China at the accelerator jointly owned by Alon MedTech and the XIN Center. At the same time, parties at Tsinghua University will help companies in the Alon MedTech incubator find both investors and marketing channels for their medical device products. The signing of the agreement takes place today in the framework of an event in Jerusalem with the participation of a large delegation from China. The delegation will include Tsinghua University personnel and representatives of 10 other universities, who will be accompanied by representatives of the Chinese administration, investment concerns, and industrial concerns. The Alon MedTech incubator operates in the medical devices sector. Eckhouse is the founder of Syneron, which has a current market cap of $251 million. He was the first investor in Ventor, sold to Medtronic for $325 million, and other medical devices companies.
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