Welcome to the Welltech1 Community Digest
. Welltech1 is the premier landing pad in the Startup Nation for global minded organizations in the health and wellness space. We provide companies with an innovation platform, help build brand equity, and work to position partner organizations as innovation minded thought leaders in the wellness space. As ecosystem partners in wellness we assist in identifying emerging technologies based on an organization's needs with our bespoke scouting services here in Israel.
Israel the Startup Nation is extremely resilient and has beaten back the spread of COVID-19. The economy is slowly beginning to open, and that includes the tech ecosystem. Israel’s entrepreneurs are leading the way in developing practical solutions to combat this virus, and that includes participating in the race to come up with a vaccine.
It’s worth noting that the Israeli ecosystem is still active, as indicated by Intel’s close to 1-billion-dollar acquisition of the mobility app Moovit. Israeli startups offer atypical solutions to difficult problems, and COVID-19 is no exception so expect to see further growth in this area. If anything, today many venture funds have resources to invest and talented professionals which have been furloughed may well consider launching a startup to create their own opportunities. While we are going to face difficult economic times this year, we may also see another wave of startups led by practical, experienced teams looking to solve real problems.
