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The week that was in Israel s innovative tech ecosystem
As COVID vaccines light the way to a new year, the future is looking mighty bright for Israel s tech ecosystem. Dor Schwartz / 21 Dec 2020 • 4 min read
As the holidays approach you would think that Israel s startups would cool off on the announcements, but it seems that even the holiday season can t slow down innovation and funding in one of the world s leading tech ecosystems.
From new Unicorns to major market partnerships, Israeli startups close out the year on a very high note, with the gift under the tree being a LiDAR company heading for a NASDAQ IPO.
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Richard Hsu, Marketing VP, Karma Medical Devices, left to right; Ken Chen, Product Trainer, Karma Medical Devices; Kenny Chen, CEO, Karma Medical Devices; Efrat Shenhod-Malihi, Founder & CEO, ReSymmetry; Eitan Yanuv, Business Development, ReSymmetry;
Jill Ho, Director, Innovation to Industry (i2i) (Courtesy)
Israeli startup ReSymmetry and Taiwanese manufacturing firm Karma Medical Devices said they were teaming up and investing $2 million in a joint venture to develop and manufacture a smart seating system for motorized wheelchairs and rehabilitative chairs.
The two companies will collaborate on the production and development of a smart robotic seating system that autonomously customizes a seating position for each user. The system will be integrated into multiple rehabilitation products, giving people with disabilities the opportunity to stay mobile while maintaining a healthy posture when seated, the companies said in a statement.
Results for
ReSymmetry s smart wheelchair gets good Karma from Taiwan
Six months after establishing an ecosystem to ecosystem collaboration, the new IP² LaunchPad program bears fruit with a Taiwanese-Israeli smart wheelchair joint venture. Dor Schwartz /
Israeli startup
ReSymmetry, which develops a smart wheelchair, and Taiwanese MedTech manufacturer
Karma Medical Devices, a developer of assistive devices, announced a new partnership and an initial $2 million investment.
Thanks to the Taiwan-Israel tech ecosystem partnership
The newly created partnership will focus its first phase efforts in the development and joint production of a smart seating system for motorized wheelchairs and rehabilitative chairs for children, followed by the foundation of a joint venture in Taiwan in the second phase.