Israeli Health Tech Startups Nab Innovation Awards In Taiwan

Two Israeli health tech startups Sanolla and Naor (Rapid Diagnostics), were awarded the Breakthrough Innovation Award at the InoVEX 2022 Pitch Contest 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 offices at 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 the Asia 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. 145 total companies from 14 countries participated this year. 

Founded in 2016, Sanolla develops medical diagnosis and patient monitoring solutions with its patented AI-based infrasound auscultation technology and provides a variety of AI-driven diagnostic solutions for primary care physicians. 

Founded in 2020, Rapid Diagnostics developed an innovative engine for rapid molecular and on-site diagnosis that requires zero lab infrastructure. It is applicable for COVID-19 as well as a variety of other infectious diseases. 

Sanolla, Rapid Diagnostics, and Israeli air purification company Airovation, took part 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 Taiwanese innovation ecosystem. The IP²LaunchPad program is used to accelerate the innovation ecosystem in Taiwan and will operate in conjunction with the Taiwanese government’s $1 billion investment by 2023 to establish its status as “Asia’s Silicon Valley”. Due to entry restrictions, the companies participated remotely.

“Israeli companies have been showcased in this conference for three years now, winning awards and grants, a jump-start on their entry to far east markets and various partnerships and collaborations, as part of the IP²LaunchPad program,” said Rani Shifron, CEO of Healthier Globe and director of the IP² innovation programs. “Participating in the program provides Israeli companies a local presence in Taiwan, allowing them to strengthen their business activity in the far east.”