India, Israel Explore Medtech Collaboration Through Startup Partnerships

Goyal said Israel’s strong startup ecosystem and India’s scale create an opportunity to co-develop medtech devices and health-technology solutions, with both countries considering a dedicated startup bridge to support joint innovation.

India is exploring deeper collaboration with Israeli startups to accelerate innovation in medtech and other high-technology sectors, Commerce and Industry Minister Piyush Goyal said recently after a meeting with senior Israeli officials in Tel Aviv.

During Piyush Goyal’s official visit to Tel Aviv, where he led a business delegation for bilateral trade discussions focused on technology and innovation aimed at linking Israel’s mature startup ecosystem with India’s ambition to scale deep-tech and Health Technology capabilities.

According to Goyal, technology and innovation partnerships will be a core component of the proposed trade agreement, with medical devices and medtech solutions identified among priority areas.

He further noted that India is working to build stronger pathways for co-development and deployment of advanced health technologies in collaboration with Israel.

“We can collaborate with Israel to promote our own startup ecosystem, which we are aspiring to take to the levels of deep tech and high-quality innovation at competitive prices, given the economies of scale that India has to offer.”

Goyal highlighted that Israel’s dense startup ecosystem provides a strong base for joint innovation. He said, “We are looking at a deep partnership with Israel, which has one startup with every 1,000 people,” and noted that the country has advanced technologies in areas such as health and climate solutions by turning “adversity into opportunity.”

The visit builds on longstanding India-Israel cooperation in areas such as agriculture, defense technology, water solutions and cybersecurity, and extends that collaboration into medical devices and deep-tech health solutions.

Officials said both sides are exploring mechanisms to formalize innovation-led cooperation, including dedicated startup bridges and joint development programs. While MedTech has emerged as a priority sector, the discussions also covered mobility technologies, climate-tech solutions and low-carbon industrial-systems-areas where Israel has built globally recognized strengths.

The growing interest reflects India’s ambition to expand its deep-tech footprint, while leveraging Israel’s dense startup ecosystem, which Goyal noted has “one startup per 1,000 people.” The minister said that the combination of Israel’s innovation depth and India’s market scale creates a strong foundation for co-developing advanced health technologies and accelerating deployment across clinical settings.

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