Aharon Aharon, CEO of the Israel Innovation Authority (Courtesy)
The lab is scheduled to open in 2021, and will be part of the innovation labs program set up by the Innovation Authority in 2017. The program seeks to prod international corporations into setting up these labs to support startups in their field of interest and to take part in the Israeli ecosystem by gaining exposure to a variety of innovative developments. For startup entrepreneurs, the labs present an opportunity to access technological infrastructure, market insights and industry expertise.
The consortium of the global pharma firms was selected via a competitive process held by the Innovation Authority together with the National Digital Ministry.