Medtronic, the international medical technology and services company, announced that it has received a grant from the Israeli government to launch a digital medicine incubator in the country. Medtronic will reportedly work together with IBM, Pitango Venture Capital and Rambam Hospital in Haifa to establish an incubator called “HealthO2″ that will help digital health companies to receive funding and access. “HealthO2″ will offer companies between $500,000-800,000 in initial funding to develop their ideas. Medtronics recently invested $2 million in Israeli company DreaMed Diabetes, acquiring the company’s artificial pancreas technology.
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