Gals Bio CEO and founder Hilla Shaviv with her Tulipon device. (Courtesy)
Five years ago, Israeli entrepreneur Daniella Gilboa showed a group of male investors a viral photo of a newborn surrounded by the 1,616 IVF syringes used by her parents in their prolonged fertility struggle. The investors had blank looks on their faces. None of them understood the meaning of the image, she gathered.
Nowadays, things are different. The landscape for technologies specifically focused on women’s health and well-being — or femtech — has grown significantly, and Gilboa, an embryologist and statistician, has succeeded with AIVF, a B2B (business-to-business) company she co-founded in 2018. AIVF developed the first-to-market platform for IVF clinics that applies data science and artificial intelligence (AI) to make the IVF process more accurate and efficient. The result is less money spent and less time to achieve pregnancy for potential parents.
“The ecosystem in Israel is changing. Femtech is becoming an interesting conversation, and VCs are looking for femtech opportunities,” Gilboa said.
Israel, known widely as the startup nation, is becoming a font of innovation for femtech. It is still an uphill battle to secure funding, but with women being half the global population and making 80% of healthcare purchase decisions, investors are starting to perceive the rewarding possibilities.
“Femtech is growing and expanding. You no longer have to explain to people what it is,” said Sharon Handelman-Gotlib, co-manager at FemTech IL, a community of 2,600 Israeli femtech entrepreneurs and supporters.
According to Start-Up Nation Central, an Israeli organization that tracks the local tech ecosystem, the Israeli femtech landscape includes about 130 startups and companies. In 2021, approximately $160 million was invested in Israeli femtech companies, down from about $215 million in 2020, but similar to 2019’s figures with $157 million in investments, according to SNC’s data.
Continue reading: https://www.timesofisrael.com/women-entrepreneurs-are-leading-the-charge-to-make-israel-a-femtech-powerhouse/
Five years ago, Israeli entrepreneur Daniella Gilboa showed a group of male investors a viral photo of a newborn surrounded by the 1,616 IVF syringes used by her parents in their prolonged fertility struggle. The investors had blank looks on their faces. None of them understood the meaning of the image, she gathered.
Nowadays, things are different. The landscape for technologies specifically focused on women’s health and well-being — or femtech — has grown significantly, and Gilboa, an embryologist and statistician, has succeeded with AIVF, a B2B (business-to-business) company she co-founded in 2018. AIVF developed the first-to-market platform for IVF clinics that applies data science and artificial intelligence (AI) to make the IVF process more accurate and efficient. The result is less money spent and less time to achieve pregnancy for potential parents.
“The ecosystem in Israel is changing. Femtech is becoming an interesting conversation, and VCs are looking for femtech opportunities,” Gilboa said.
Israel, known widely as the startup nation, is becoming a font of innovation for femtech. It is still an uphill battle to secure funding, but with women being half the global population and making 80% of healthcare purchase decisions, investors are starting to perceive the rewarding possibilities.
“Femtech is growing and expanding. You no longer have to explain to people what it is,” said Sharon Handelman-Gotlib, co-manager at FemTech IL, a community of 2,600 Israeli femtech entrepreneurs and supporters.
According to Start-Up Nation Central, an Israeli organization that tracks the local tech ecosystem, the Israeli femtech landscape includes about 130 startups and companies. In 2021, approximately $160 million was invested in Israeli femtech companies, down from about $215 million in 2020, but similar to 2019’s figures with $157 million in investments, according to SNC’s data.
Continue reading: https://www.timesofisrael.com/women-entrepreneurs-are-leading-the-charge-to-make-israel-a-femtech-powerhouse/
