ST. LOUIS – GlobalSTL is leading three delegations to Startup Nation this month. This week, a delegation focused on digital health is in Israel to make specific connections for Washington University in St. Louis with Israeli industry leaders and innovators. Then, from January 28 – February 2, 2018, in partnership with SixThirty, concurrent delegations focused on cybersecurity and financial technology will travel to Israel. The following includes details of the digital health delegation’s trip:
On Monday, January 22, 2018, GlobalSTL, an initiative of BioSTL, is sponsoring a meetup in Israel featuring Philip R.O. Payne, director of Washington University School of Medicine in St. Louis Institute for Informatics (I2), and Thomas M. Maddox, director of BJC HealthCare’s Innovation Lab. The meetup and week-long trip abroad will introduce Payne and Maddox to Israel’s thriving innovation ecosystem, which includes more than 410 digital healthcare startups.
“St. Louis is a powerhouse in healthcare with nationally recognized healthcare systems, corporations and investors,” Vijay Chauhan, GlobalSTL lead, said. “Wash U and BJC, among others, are looking for leading, global innovation to succeed in a fast-changing healthcare economy. GlobalSTL is actively seeking out the top digital health innovations to help our healthcare systems solve their pain points, which in turn directly benefits our local healthcare organizations and their patients and customers.”
During the trip, the team will meet with Israeli innovators, venture capitalists, government officials, accelerators, and startups. Desired outcomes for the trip include:
Specifically, I2 and the Health Systems Innovation Lab are looking to find technology in the following fields:
The delegation also will attend the EY DigitalHealth Conference.
“The GlobalSTL initiative, started in 2014, has already yielded substantial success in connecting Missouri and Israel for the mutual benefit and economic growth of both communities. St. Louis nonprofit organization BioSTL launched the GlobalSTL initiative to connect St. Louis to some of the world's leading innovation hubs. GlobalSTL started with Israel, because it is a world-leading innovation engine, which also happens to share important areas of strength with St. Louis, including medicine and healthcare, agricultural technology, financial tech, and cybersecurity.
“Though this initiative is relatively new, St. Louis has competed very well with regions on the East and West Coasts of the United States to attract the U.S. headquarters of leading Israeli technology companies. Under the initiative, five cutting-edge Israeli companies have established their U.S. bases in St. Louis, creating 56 direct new jobs with an average salary of $77,600, plus an additional $12,000,000 in local capital investment. Moreover, these companies are recruited to Missouri at a point when they are poised for future growth that can occur in our state.
“Four additional Israeli companies recruited by GlobalSTL are participating in St. Louis' financial tech and cybersecurity accelerators, a step toward establishing a permanent presence. And, several others in agtech and healthcare are involved in pilots with Missouri corporations, clinical trials at our medical schools, and other strategic relationships that can lead to new job creation and economic activity in Missouri based on these relationships.
“Although GlobalSTL is active now in numerous additional countries (in Europe, Asia, and South America), Israel remains the centerpiece of success for the initiative and for future potential. Because Israel is so well-known globally as a leader in innovation, the early success seen with well-known innovative Israeli companies has helped to establish GlobalSTL's credibility and
St. Louis' reputation as an attractive location for global companies seeking to access U.S. customers to grow their North American business.
“GlobalSTL is one of the most exciting initiatives capitalizing on St. Louis’ business and innovation assets to position our region for leadership in the 21st-century economy, and its focus on Israel is a major reason for its early success. The relationships and networks facilitated by GlobalSTL between St. Louis businesses and organizations with Israeli universities, hospitals, government agencies, investors, and innovators, has positioned St. Louis’ innovation economy for greater success and quality jobs generation.”