The Times Australia
News From Asia

.

UMP Healthcare Innov Centre signs MoU with Israel Export and International Cooperation Institute

HONG KONG SAR - Media OutReach - 18 July 2023 - UMP Healthcare Innov Centre recently signed a memorandum of understanding (MOU) with the Israel Export and International Cooperation Institute (IEICI), witnessed by Head of Israel Economic and Commercial Mission in Hong Kong and Macau, to jointly promote Israeli scientific research and start-up companies in the medical and healthcare field in Hong Kong, and to seek cooperation opportunities in the fields of MedTech and HealthTech.

At the same occasion, IEICI inked a collaboration pact with the Hong Kong Medical and Healthcare Device Industries Association (HKMHDIA) to foster tighter cooperation between Hong Kong and Israeli enterprises.

Ronnie LI, Director at UMP Healthcare Innov Centre, delivered his remarks
Ronnie LI, Director at UMP Healthcare Innov Centre, delivered his remarks

With an ageing population and increased need for medical professionals, the tendency is to create medical technology to relieve the strain on human resources. The parties will collaborate to promote medical technology and healthcare products, seek potential investors for medical technology and products, jointly organise and participate in various forum activities, provide consulting services for start-up companies, and so on, according to the framework established by the memorandum.

"I am very pleased to sign a memorandum of cooperation with IEICI," said Ronnie LI, Director at UMP Healthcare Innov Centre. "UMP Healthcare Group has continuously invested in medical equipment as well as cutting-edge scientific research and products. UMP Healthcare Innov Centre, Hong Kong's first permanent exhibition platform for MedTech, actively seeks suitable instruments to apply to the Group's services. We are extremely honoured to be able to partner with IEICI and HKMHDIA to jointly promote public and industry peers' awareness of Israel's high-tech goods and innovations, as well as to foster professionalism between Hong Kong and Israel."

Group photo after signing MOU with UMP Healthcare Innov Centre, HKMHDIA and IEICI
Group photo after signing MOU with UMP Healthcare Innov Centre, HKMHDIA and IEICI

Over the past few decades, Israel has established itself as one of the most technologically advanced countries in the world. With ranking first in the world for R&D expenditure as a share of GDP, the highest number of startups per capita, and advanced technological capabilities across a vast range of sectors. Healthcare is currently the largest sector in the Israeli startup ecosystem, representing about 20% of all technology companies, with over 1,600 active startup companies developing cutting-edge technologies to address a wide range of health challenges. These include digital health solutions, medical devices, drug development, and more. "We are very excited to sign the MOU," stated Mrs. Nili SHALEV, Chief Executive Officer of IEICI. "I believe this collaboration can help to strengthen ties between Hong Kong and Israel, and allow healthcare enterprises and startups of both places to work together more closely, by cooperating on research and development initiatives, combining resources and skills, generating innovative goods and technologies, and offering the most recent investment prospects to the industry and adjacent areas."

Dr. Lydia LEUNG, Chairlady of HKMHDIA, commented, "HKMHDIA's annual theme this year is to establish Hong Kong as International MedTecHub. The signing of the memorandum with Israel today is an important milestone, which is of special significance to us. Not only will we strive to promote knowledge exchange among medical professionals in Israel, Hong Kong and Mainland China, we expect that the technology and products of both parties can be promoted to the Greater Bay Area, Mainland China and the international market to achieve a win-win situation."

Hashtag: #UMPHealthcareInnovCentre

The issuer is solely responsible for the content of this announcement.

About UMP Healthcare Holdings Limited

Founded in 1990, UMP Healthcare is a medical group listed on the Main Board of the Hong Kong Stock Exchange (stock code 722.HK) and is one of the leading comprehensive healthcare service platforms in the Hong Kong market. We have been committed "To provide comprehensive, diversified and coordinated care for everyone" by creating a network of high-quality and effective medical services for patients, payers, providers and partners.

Along with providing healthcare services that address a wide range of individual needs, UMP Healthcare closely works with more than 2,000 local and international businesses and insurance organisations to establish and administer corporate healthcare benefit programs for members. The medical service network spans over 1,000 self-owned and affiliated institutions across Hong Kong, Macau, and Mainland China, offering services such as family medicine, specialist consultation, dental care, diagnostic imaging and laboratory testing, preventive medicine and health examination, physical therapy, day surgery, and endoscopy, among others.

Times Magazine

Headless CMS in Digital Twins and 3D Product Experiences

Image by freepik As the metaverse becomes more advanced and accessible, it's clear that multiple sectors will use digital twins and 3D product experiences to visualize, connect, and streamline efforts better. A digital twin is a virtual replica of ...

The Decline of Hyper-Casual: How Mid-Core Mobile Games Took Over in 2025

In recent years, the mobile gaming landscape has undergone a significant transformation, with mid-core mobile games emerging as the dominant force in app stores by 2025. This shift is underpinned by changing user habits and evolving monetization tr...

Understanding ITIL 4 and PRINCE2 Project Management Synergy

Key Highlights ITIL 4 focuses on IT service management, emphasising continual improvement and value creation through modern digital transformation approaches. PRINCE2 project management supports systematic planning and execution of projects wit...

What AI Adoption Means for the Future of Workplace Risk Management

Image by freepik As industrial operations become more complex and fast-paced, the risks faced by workers and employers alike continue to grow. Traditional safety models—reliant on manual oversight, reactive investigations, and standardised checklist...

From Beach Bops to Alpine Anthems: Your Sonos Survival Guide for a Long Weekend Escape

Alright, fellow adventurers and relaxation enthusiasts! So, you've packed your bags, charged your devices, and mentally prepared for that glorious King's Birthday long weekend. But hold on, are you really ready? Because a true long weekend warrior kn...

Effective Commercial Pest Control Solutions for a Safer Workplace

Keeping a workplace clean, safe, and free from pests is essential for maintaining productivity, protecting employee health, and upholding a company's reputation. Pests pose health risks, can cause structural damage, and can lead to serious legal an...

The Times Features

Prefab’s Second Life: Why Australia’s Backyard Boom Needs a Circular Makeover

The humble granny flat is being reimagined not just as a fix for housing shortages, but as a cornerstone of circular, factory-built architecture. But are our systems ready to s...

Melbourne’s Burglary Boom: Break-Ins Surge Nearly 25%

Victorian homeowners are being warned to act now, as rising break-ins and falling arrest rates paint a worrying picture for suburban safety. Melbourne residents are facing an ...

Exploring the Curriculum at a Modern Junior School in Melbourne

Key Highlights The curriculum at junior schools emphasises whole-person development, catering to children’s physical, emotional, and intellectual needs. It ensures early year...

Distressed by all the bad news? Here’s how to stay informed but still look after yourself

If you’re feeling like the news is particularly bad at the moment, you’re not alone. But many of us can’t look away – and don’t want to. Engaging with news can help us make ...

The Role of Your GP in Creating a Chronic Disease Management Plan That Works

Living with a long-term condition, whether that is diabetes, asthma, arthritis or heart disease, means making hundreds of small decisions every day. You plan your diet against m...

Troubleshooting Flickering Lights: A Comprehensive Guide for Homeowners

Image by rawpixel.com on Freepik Effectively addressing flickering lights in your home is more than just a matter of convenience; it's a pivotal aspect of both home safety and en...