Mayo Clinic and Sheba Medical Center have signed an agreement that will make it easier to share health technology and support early stage startup companies. This collaboration will create an environment that enables rapid product development in the U.S. and Israeli markets, allowing technologies to be established and launched to transform health care delivery for all.

The initial focus of this collaboration will be on cross referral and participation of startup companies from the Mayo Clinic Platform Accelerate and Sheba Medical Center’s ARC Innovation Center. ARC stands for accelerate, redesign and collaborate.

Launched earlier this year, the Mayo Clinic Platform_Accelerate program helps early stage health technology artificial intelligence companies get market ready. Mayo Clinic Platform is a strategic initiative to improve health care through insights and knowledge derived from data. ARC Innovation Center brings together physicians, researchers, startups, industry leaders, academia, investors and top-tier medical centers to redesign health care.