{"id":18306,"date":"2020-04-28T20:55:53","date_gmt":"2020-04-29T00:55:53","guid":{"rendered":"https:\/\/globalwellnessinstitute.org\/?page_id=18306"},"modified":"2024-12-10T16:26:17","modified_gmt":"2024-12-10T21:26:17","slug":"welltech1-calls-on-wellness-start-ups-to-apply-for-200000-investment-during-coronavirus-crisis","status":"publish","type":"page","link":"https:\/\/globalwellnessinstitute.org\/press-room\/press-releases\/welltech1-calls-on-wellness-start-ups-to-apply-for-200000-investment-during-coronavirus-crisis\/","title":{"rendered":"Fund spotlights importance of wellness startups during Coronavirus crisis"},"content":{"rendered":"

Media Contact: Beth McGroarty
\nbeth.mcgroarty@globalwellnessinstitute.org<\/a>\u00a0\u2022 +1.213.300.0107<\/p>\n

Welltech1 Calls on Wellness Start-ups to Apply for
\n<\/strong>$200,000 Investment during Coronavirus Crisis<\/strong><\/h3>\n

The Israeli wellness technology fund, in partnership with the Global Wellness Institute\u2019s The Wellness Moonshot, will award up to $200K to start-ups with the innovative ideas in wellness, healthy living and disease prevention we\u2019ll need most in a pandemic and post-pandemic world<\/em><\/p>\n

\"\"<\/a><\/p>\n

Tel Aviv, Israel \u2013 April 30, 2020 <\/strong>\u2013 Welltech1, an Israeli innovation hub and micro-fund that invests in early-stage companies that make people healthier and happier, today called on start-ups in the wellness technology space to apply for new investment. The start-ups, which will be chosen by wellness experts from high-profile companies around the globe, will earn an investment of up to $200,000. Applications open today, and the deadline is Monday, May 18, 2020.<\/p>\n

APPLY OR LEARN MORE HERE<\/a><\/strong><\/p>\n

The initiative is launched in partnership with the Global Wellness Institute\u2019s The Wellness Moonshot: A World Free of Preventable Disease, the first global campaign dedicated to eradicating preventable, chronic diseases.<\/p>\n

\u201cWe felt it was a critical time to launch this initiative: The Coronavirus crisis has hurt overall seed-stage funding for start-ups (down 22 percent in 2020<\/a>), but has also intensely accelerated the importance of wellness and prevention\u2014and how technology can deliver it. For instance, global VC funding for digital health companies doubled in Q1 2020 over Q4 2019<\/a>, while funding for mental health\/wellness companies<\/a> jumped 65 percent year-over-year,\u201d said Amir Alroy, co-founder, Welltech1. \u201cWe\u2019re delighted that the Global Wellness Institute\u2019s Moonshot has joined us as part of their constant efforts to create a healthier world.\u201d<\/p>\n

\u201cWe\u2019re thrilled that our Moonshot partner in Israel has put this money on the table to offer companies across the wellness technology space much-needed investment in a time of both unprecedented crisis and opportunity,\u201d noted Nancy Davis, GWI\u2019s chief creative officer and executive director and one of the start-up evaluators. \u201cWellness, which we define as the personal, proactive and prevention-focused pursuit of healthy activities and lifestyles (self-care versus healthcare), has become radically more important to people during COVID-19. This fund will spur the new ideas we need now and in a post-virus world.\u201d<\/p>\n

The Competition Process <\/strong><\/p>\n

After applications close Monday, May 18, Welltech1 will then conduct an initial screening, and then companies will have one-on-one Zoom meetings with industry leaders, followed by a Virtual Demo Day (a 3\u20134 week process after applications close).<\/p>\n

The fund is looking for: 1) innovation, 2) ability to scale, 3) a growing market for the solution, 4) ready-for-market companies or those with initial revenues, and 5) an aggressive B-Plan. More than one start-up may receive the investment.<\/p>\n

Global Partners & Industry Experts<\/strong><\/p>\n

Global wellness, financial and technology leaders will participate in the selection process and Virtual Demo Day. These partners will be exposed to these new technologies from around the world, which they can invest in or implement in their organizations.<\/p>\n

Current list of industry experts<\/strong>: https:\/\/www.welltech1.com\/competition<\/a><\/p>\n

CEOs, founders and leaders from the following companies are official partners, with more to be added in the coming weeks.<\/p>\n

Global Wellness Institute: <\/strong>The leading research\u00a0and educational resource for the global wellness economy.<\/p>\n

Legia Warsaw:<\/strong> One of the most successful professional Polish\u00a0football<\/a>\u00a0clubs in the country\u2019s history.<\/p>\n

Harel Insurance Investments & Financial Services Ltd.: <\/strong>Israel\u2019s largest insurance and financial group.<\/strong><\/p>\n

Smart Group: <\/strong>A leading, Singapore-based, diversified business conglomerate with interests in mobility, finance, healthcare, entertainment, technology, clean energy and life sciences.<\/p>\n

IFF<\/strong>: A leading global innovator of taste, scent and nutrition and ingredients.<\/p>\n

Facebook:<\/strong> The world\u2019s largest social networking site, supporting the growth of the Israeli wellness startup ecosystem through its Global Business Group arm in Israel.<\/p>\n

Viola: <\/strong>Israel\u2019s leading technology-focused investment group, with over $3 billion assets under management.<\/p>\n

SZ Accounting & Financial Consulting Firm<\/strong>: Provides financial solutions to multi-national companies, technology companies and startups. Members of Allinial Global, an association of independent international accounting and financial consulting firms.<\/p>\n

ZAG \u2013 S&W<\/strong>: An international law firm focused on corporate and commercial law for more than three decades, with practices spanning the US, Israel, the UK and China.<\/p>\n

ESOP Excellence<\/strong>: Offers the widest range of investment and savings products in the capital market in Israel.<\/p>\n

SolaVieve: <\/strong>A progressive technology, real estate development, and operations company focused on building communities worldwide around healthy and smart living\u2014headquartered in Heidelberg, Germany.<\/p>\n

\u201cThese international partners joined us in the \u2018call for start-ups\u2019 because they understand, now more than ever, that innovation in wellness technology is not a trend, it\u2019s a necessity,\u201d said Galit Horovitz, Welltech1 co-founder. \u201cMore companies are approaching us to find and adapt technologies in the wellness sector because they understand these solutions will create new revenues and retain existing customers\u2014and that the $4.5 trillion wellness industry is only poised for further growth post-virus.\u201d<\/p>\n

Start-ups selected for funding will be showcased at the Global Wellness Summit, being held in Israel (Tel Aviv) for the first time November 10\u201313, 2020. The conference will be squarely focused on wellness innovation, with its first Wellness Innovation Pavilion spotlighting standout companies from Israel and the world. Israel is the perfect place for the 2020 GWS, as there are roughly 2,000 health start-ups there, with 500 focused on wellness\u2014and the conference will shine a bright light on the nation as a wellness and health innovation center.<\/p>\n

About Welltech1: <\/strong>Welltech1 is a micro-fund and innovation hub that provides global companies with an innovation platform and bridges the gap between Israel, the \u2018start-up nation,\u2019 and the rest of the world. They help partners identify emerging technologies based on their needs. The fund invests in\u00a0and accelerates wellness start-ups with the goals of increasing viability, seeking additional investment, and connecting them to global partners in the wellness market. It provides start-ups with know-how, a dedicated team of wellness experts, and business advisors.<\/p>\n

About the Global Wellness Institute<\/strong>:\u00a0The\u00a0Global Wellness Institute<\/a>\u2122\u00a0(GWI), a 501(c)(3) nonprofit organization, is the leading research\u00a0and educational resource for the global wellness economy. Through its five pillars\u2014research, industry initiatives, roundtable discussions, Wellness Evidence and The Wellness Moonshot: A World Free of Preventable Disease\u2014the GWI informs and connects key global stakeholders who impact the health and wellness of our planet and its citizens. The GWI\u2019s mission is to empower wellness worldwide.<\/p>\n ","protected":false},"excerpt":{"rendered":"

Media Contact: Beth McGroarty beth.mcgroarty@globalwellnessinstitute.org\u00a0\u2022 +1.213.300.0107 Welltech1 Calls on Wellness Start-ups to Apply for $200,000 Investment during Coronavirus Crisis The Israeli wellness technology fund, in partnership with the Global Wellness Institute\u2019s The Wellness Moonshot, will award up to $200K to start-ups with the innovative ideas in wellness, healthy living and disease prevention we\u2019ll need most in a pandemic and post-pandemic world Tel Aviv, Israel \u2013… <\/p>\n","protected":false},"author":9,"featured_media":18343,"parent":27,"menu_order":71,"comment_status":"closed","ping_status":"closed","template":"","meta":{"give_campaign_id":0,"content-type":"","inline_featured_image":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","footnotes":""},"categories":[],"class_list":["post-18306","page","type-page","status-publish","has-post-thumbnail","hentry","wpautop","clearfix"],"yoast_head":"\nCall for Wellness Technology Start-Ups for $200K Investment Opportunity<\/title>\n<meta name=\"description\" content=\"WellTech1, in partnership with the Global Wellness Institute's The Wellness Moonshot, to award start-ups with innovative ideas in wellness.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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