St. Louis, MO (KTRS) Efforts are being made to attract Israeli and Irish health companies to open U.S. headquarters in the St. Louis-area. On Wednesday, BioSTL hosted a Health Innovation Summit at Washington University. The event was aimed at connecting Israeli and Irish companies that specialize in healthcare innovation with local hospital systems, corporations, and investors. […]
St. Louis, MO (KTRS) Efforts are being made to attract Israeli and Irish health companies to open U.S. headquarters in the St. Louis-area.
On Wednesday, BioSTL hosted a Health Innovation Summit at Washington University. The event was aimed at connecting Israeli and Irish companies that specialize in healthcare innovation with local hospital systems, corporations, and investors.
“We specifically selected these companies because they represent compelling, high-value technology for St. Louis’ healthcare systems and corporations, come with proven track records, and have the ability to immediately enter the U.S market,” Donn Rubin, President and CEO of BioSTL, said.
“We’ve had success attracting five Israeli agtech companies to open their U.S. headquarters in our region over the past 24 months. With this Summit, we want to extend that success to St. Louis’ healthcare sector.” Rubin added.
Creating a union between these overseas companies with the St. Louis healthcare and medical community will also benefit the local economy, according to Rubin. “We think of this as a win, win, win situation. The first win is for our St. Louis hospitals or corporations getting access to a new technology that can really help their business and help them be successful here in St. Louis. The second win is for that overseas company getting access to perhaps their first U.S. customer. If that marriage happens, our focus at BioSTL is to leverage that marriage into a third win for St. Louis in getting that company from overseas to put their U.S. headquarters here in St. Louis, leading to new jobs and new economic activity into our ecosystem.”
Ciara Clancy, is the C-E-O of Beats Medical, a Parkinson’s treatment company in Dublin. She attended to event and says she is exploring the St. Louis for her company’s U.S. headquarters.
“St. Louis is a real center of excellence for neurological research, which is a huge draw for me.” Clancy said.
The lifestyle perspective also appeals to Clancy in her consideration for St. Louis, “It’s a lovely place. People are so friendly.”
Representatives from over a dozen Israeli and Irish companies attended the health summit.
The companies and healthcare systems which attended the summit were Ascension Health, BJC HealthCare, Centene Corporation, Express Script, Mercy, OSF HealthCare, Saint Louis University School of Medicine, SSMHealth, and Washington University in St. Louis School of Medicine.
The following venture capital and investment firms attended the summit:: Ascension Venture, BioGenerator, Cultivation Capital, iSelect Fund, Lewis & Clark Ventures, MVM Life Science Partners, Nanodimension, OrbiMed Advisors, OSF Ventures, REX Health Ventures, SixThirty, and St. Louis Arch Angels.
Written By: Jill Enders