Rainbow Medical at BrainTech
Rainbow co-founder and CEO Efi Cohen-Arazi will be speaking at Israel Brain Technologies’ (IBT) BrainTech 2015, at a panel titled “BrainLaunch! Starting & Incubating Neurotech Companies.” And Rainbow’s team will be looking out for the next brilliant idea in brain technology at BrainTech 2015.
“Brain tecRainbow Medicahnology is a key area of interest for Rainbow Medical,” says Rainbow Medical COO Gilad Peleg Lorberbaum. He cites BlueWind Medical, a Rainbow portfolio company, which is developing a novel wireless neuro-stimulation device for the treatment of peripheral neuropathic pain (PNP). Of the twenty or so medical device technology companies in the early stages of Rainbow’s pipeline, about a quarter are developing solutions in the braintech arena.
Rainbow Medical works in a different format than “regular” venture capital firms. Entrepreneurs and ideas are developed from the very earliest stages and receive both funding and strategic and business direction. The company was co-founded by Yossi Gross, one of the world’s most highly renowned medical device investors, who has over 700 patents to his name.
Gilad holds IBT’s activities in very high regard: “IBT really has no replacement,” he says. “Having such a focal point that connects all the players in braintech – in Israel and internationally – and brings them together, from academics to the medical and business communities, this is crucially important.”
“Braintech is a key area of interest for Rainbow Medical, so we’ll definitely be on the lookout at BrainTech for new ideas and partners,” concludes Gilad.
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(adapted from an article by Michal Chesla on the IBT blog)