Shaare Zedek Medical Center and Arieli Capital announce the SHAAR innovation hub
The hub will launch an open call for companies by the end of the year for worldwide market-ready healthcare startups to join its first cohort.
Jerusalem's largest multi-disciplinary medical center Shaare Zedek Medical Center (SZMC) and investment firm Arieli Capital have together announced the creation of the Shaare Zedek Arieli Innovation Hub, SHAAR. This center was launched with the support of the Jerusalem Development Authority with a mission to build a gateway between innovation and capital.
Its goal is to foster an environment for medical research, projects, and startups to benefit from strategic financial and professional support, a co-working space, and a collaborative community. It will provide startups with funding opportunities and medical projects with the resources needed to turn research into tangible solutions.
"SHAAR, Hebrew for Gateway, is a true embodiment of our mission," said Prof. Ofer Merin, CEO of SZMC. "Our goal is to equip entrepreneurs with direct access to physicians, clinical settings, data and samples. Such access is essential, serving as a springboard for the development of innovative medical solutions. I have no doubt that this significant partnership with Arieli Capital, led by Prof. Dan Turner and Dr. Renana Ofan, will greatly contribute to the success of this initiative."
SHAAR intends to launch an open call for companies by the end of the year looking for worldwide market-ready healthcare startups, to take part in its first Scale-up cohort.
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"We are honored to partner with the Shaare Zedek Medical Center to bring the important mission of SHAAR to life," added Evan Renov, Co-Founder and Chief Executive Officer of Arieli. “We are eager to bring Arieli’s global business expertise in growing healthcare startups to SHAAR. Our goal is to bridge the gap between promising entrepreneurs and the venture capital industry, ultimately impacting people's lives and healthcare on a global scale.”
SZMC is the largest multi-disciplinary medical center in Jerusalem, treating nearly 1 million patients per year in 30 inpatient departments and 70 ambulatory care units. Arieli Capital is an active investor and partner in technology companies and operates global innovation programs across governmental, academic, and corporate partnerships.
