Israel Innovation Authority to invest $30 million in R&D center for bio-devices based on bio-chips
The tender is directed at companies dedicated to developing key service infrastructure for companies that develop bio-devices such as environmental diagnostic sensors, smart implants for treatment and diagnostics, lab-on-chip and organ-on-chip technologies
The Israel Innovation Authority announced on Wednesday a NIS 113 million (approximately $30 million) tender for the establishment of a center that will provide research and development infrastructure for bio-devices based on bio-chips. The tender, which is part of the National Bio-Convergence Program, is directed at companies dedicated to developing key service infrastructure for companies that develop bio-devices such as environmental diagnostic sensors, smart implants for treatment and diagnostics, lab-on-chip and organ-on-chip technologies.
Bio-chips are revolutionary microdevices that combine biology, engineering, and microtechnology. These miniature chips integrate multiple laboratory functions onto a single platform, enabling efficient analysis of biological samples with minimal volumes.
Bio-convergence represents the integration of biology and life sciences with engineering and software technologies. This rapidly expanding field holds immense promise across various sectors, including medicine, environment, climate, energy, agriculture, food, and security, to name a few.
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"The field of bio-convergence has great potential to be a growth engine and a source of diversification for Israeli industry," said Dror Bin, CEO of the Israel Innovation Authority. "As a world leader in technology and innovation, it is crucial that Israel stays ahead in a constantly changing technological landscape and amidst fierce global competition. This tender is of great significance, not only in terms of the substantial budget, but also in its ability to promote this sector. Eventually, we are looking to establish a unique and internationally renowned center that will drive the Israeli ecosystem forward and foster the emergence of a new sector within the country's thriving high-tech industry."
