The words Israel and medical technology have had a legendary synonymous relationship for some time. In Israel, millions of lives have been improved and saved by innovations such as artificial retinas, revolutionary cancer treatments, and technology that enables paraplegics to walk again. Hebrew University in Jerusalem just came out with news that a treatment they devised causes AIDS-infected cells to self-destruct, causing no harm to the rest of the body and reducing virus counts by up to 97%, in as little as a week.
Haim Toledano and Saar Pilosof, two investment pioneers who are known for their success in online entertainment, are exploring new ways to better connect cutting-edge computing and next-generation pharmaceuticals and devices. These two venture capitalists announced an ambitious strategy of building international conglomerates and backing radical start-ups in Israel and around the world. They plan to do this in order to push the growth of smart medical technology.
“Most people are familiar with the concept of the ‘internet of things” Toledano explains. “Wearable tech is fast becoming ubiquitous, especially in the fitness and wellness fields. Our own expertise is in what many are now calling the “internet of us” – applied big data and omni-channel personalization. What we’re anticipating is rapid convergence between these two areas in the field of health, medicine, and proactive diagnostics.”
“Intelligent systems integrated with the very latest medical technology will create what you could call the ‘internet of me’ – or the ‘internet within,’ if you prefer.”
The two venture capitalists delivered a comprehensive presentation in which they explained how they plan to leverage big data and personalized systems to deliver individualized health services at a lower cost in the upcoming years.
“We are looking for companies that offer the perfect balance between innovation and lifesaving ideas. As we strive to better the technology we want, we can sometimes forget to focus on the technology we need. Now we’re fixing that,” Toledano concluded.