Anchor investors include high profile local investors such as Alan Wang and Tommie Goh. German medical and pharmaceutical device giant, B Braun Melsungen AG, will also hold a strategic stake of up to 5%.
Trendlines specializes in investing in start-ups in medical and agriculture technologies that "improve the human condition". Its successful exits include the following:
1) Inspiro Medical, which developed a dry powder inhaler for asthma patients.
2) PolyTouch Medical, which developed a surgical instrument for keyhole surgery that reduces operation time by 30% to 50%.
3) FlowSense, which manufactures a fluid monitoring system that provides accurate, real-time, and continuous monitoring of urine output in treatment of kidney injury.
4) InnoLap Surgical, which developed a device that eliminates post-surgical scarring in keyhole surgery.
START-UP INCUBATOR Trendlines Group of Israel is listing on Catalist tomorrow (26 Nov).
||OPKO Health||4 years||8.8 times|
|PolyTouch Medical||Covidien||3 years||6.7 times|
|FlowSense||Baxter||4 years||4.0 times|
|InnoLap Surgical||Teleflex||8 months||3.2 times|
Strong pipeline of near-market technology
So far, five start-ups founded by the 8-year old franchisee of Israel's technology incubator program have been acquired by the likes of medical device giants such as Baxter International, Covidien and Teleflex.
Trendlines is currently incubating 45 start-ups. Every year, it reviews 450 to 500 potential start-ups for inclusion to its portfolio.
How did the Group build such a strong deal flow? For one, it is based in Israel, which leads the world in the number of scientists and technicians in the workforce, with 145 per 10,000, as opposed to 85 in the US, over 70 in Japan, and less than 60 in Germany.
Secondly, the Group works with the technology transfer offices of leading universities and hospitals, as well as with medical devices MNCs. These include:
» John Hopkins University (widely regarded as one of the world's greatest hospitals)
» The Hebrew University of Jerusalem (whose first board of governors included Albert Einstein and Sigmund Freud)
» The Weizmann Institute of Science (the top research institute outside the US in 2015 for impact of scientific research)
» Technion - Israel Institute of Technology (This university is known for its contribution to Israel's reputation as the Start-up Nation. A book published in 2012 reported that 80% of Israeli NASDAQ companies have been found by or led by Technion graduates. There are currently over 80 Israeli companies listed on NASDAQ.)
» The Chaim Sheba Medical Center (the largest hospital in the Middle East)
» Clalit Health Care Services (Israel's largest health maintenance organization which runs 14 hospitals and over 1,300 primary care clinics)
» Medical device MNCs based in the US and in Japan
De-risked with government funding