CBG allocates $20 m for medical device investments in MEDX Xelerator incubator

Joins the Israeli-based medical device incubator as a partner

MEDX Xelerator incubator announced that the British investment firm, Consensus Business Group (CBG) owned by entrepreneur Vincent Tchenguiz, is joining the Israeli-based medical device incubator as a partner. CBG will join the current investors: Boston Scientific, MEDX Venture Group, and Sheba Medical Center. The British investment firm CBG has allocated $20 million for medical device investments in MEDX Xelerator incubator.

Shai Policker, CEO, MEDX Xelerator, “Adding CBG as a partner is a major step for us and provides an opportunity for new collaborations and expanding our global network. This step will also expand our resources and accelerate our portfolio commercialisation activities.”

Jewish-British businessman Vincent Tchenguiz, Owner, CBG Investment Company, “The global epidemic has sharpened the need to develop advanced medical technologies with emphasis on preference for remote care, minimal contact care or home hospitalisation. Identifying opportunities for the development of innovative solutions will help improve patient’s health while addressing other needs of the healthcare system. Joining the MEDX incubator will add an important tier to CBG’s portfolio. We see MEDX as a platform for significant development and growth. We intend to take part in expanding the abilities of Israeli companies to evolve in the European market and cooperate with leading healthcare systems.”