Israel is a hub of innovation for medtech and pharma. There are numerous biotech companies in Israel operating in key areas such as therapeutics (precision medicine for cancer treatment, biologics, vaccines and cell therapies, and regenerative medicine), agriculture (meaty technology), among others.
Top biotech companies in Israel include Teva, MediWound, OncoHost, Eleven Therapeutics, Gamida Cell, Mana.bio, SciSparc, Imagene AI, NurExone, BioLineRx, and Protalix.
Biotechnology and pharmaceutical manufacturing are major sectors in Israel’s economy, with $7 billion raised by life sciences companies in the last decade on the NASDAQ. Major life sciences companies like Pfizer, GE, Johnson & Johnson and more, have R&D centers and startup incubators in Israel.
Tel Aviv is the high-tech capital of Israel, while Jerusalem is the major biotech hub, with three innovation centers, Israel’s top university, Hebrew University, and 140 biomedical companies, mostly focused on biopharma. Also, the Jerusalem Development Authority’s BioJerusalem initiative helps to attract investors and supports new life sciences companies.
A highly educated workforce and significant investments in R&D is fuelling the growth of biotechnology in Israel.
