GE Health, Change Healthcare, Medtronic to Receive Israeli Government Grant
The three companies will receive grants of $5.5 million-$14 million to expand their existing research and development centers in Israel
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Medical device maker Medtronic PLC, which reported revenues of almost $30 billion in 2017, employs over 90,000 people worldwide. In Israel, the company employs some 800 people in several locations. The company will also receive a grant of NIS 50 million, which will be used to establish a development center for laparoscopic surgery visualization systems.The program is intended to accelerate the biomed industry in Israel and increase its multinational aspects while also building up local experience, said in a statement Aharon Aharon, director of the Israel Innovation Authority.