Bio-Convergence

Bio-Convergence – the next economic growth engine @ IIA
(Israel Innovation Authority)

The field of Bio-Convergence could potentially become one of the Israeli high-tech industry’s most substantial engines of growth. The Israel Innovation Authority is working in collaboration with additional entities to expand its operations in order to competitive ecosystem to advance this field in Israel.
In recent years, global health and medicine have been undergoing a revolution driven by two main factors: first, the global health systems and bio-pharm industry crisis caused by a sharp increase in health expenditures and in the development costs of new medicines.
The second factor relates to recent technological breakthroughs in the fields of engineering, biology and medicine. This revolution is fostering a new multidisciplinary industry that is based on the synergy between different technologies from the fields of biology and engineering known as “Bio-Convergence”.
The Innovation Authority believes that the Israeli innovation ecosystem has substantial potential to transform the country into a world leader in this developing field. The Authority is striving to create the conditions to enable the growth and success of the Bio-Convergence industry in Israel. 

Technological breakthroughs achieved in recent years enable to connect and combine fields in a way that was previously impossible. The genomic revolution, the dramatic decline in the cost and increased speed of DNA sequencing alongside Artificial Intelligence and Big Data are today leading to the development of advanced diagnostic technologies that are based on protein-level, genomic and clinical data.

Visit us:  https://innovationisrael.org.il/en/reportchapter/bio-convergence