TIDMNSCI

RNS Number : 4502Z

NetScientific PLC

11 December 2014

NetScientific plc

('NetScientific' or 'the Group')

NetScientific enters into an alliance with Healthbox

to invest in new early-stage healthcare companies

11 December 2014: NetScientific (AIM:NSCI), the global biomedical and healthcare technology group, today announced entering into an alliance with Healthbox, a leading healthcare business accelerator, to support the development of early-stage healthcare companies through a program based in Tel Aviv, Israel.

Healthbox has partnered with Microsoft Ventures in their first medical-focused track within its established accelerator in Tel Aviv. Initial small investments into the companies are being provided by NetScientific, with supplemental grants by BD (Becton, Dickinson and Company), a leading global medical technology company.

"For us, technology has no borders. Biomedical sciences in Israel are highly regarded and we are pleased to participate together with Healthbox, Microsoft and BD in this venture" said Farad Azima, CEO, NetScientific.

"I have always been fascinated with the healthcare technologies here and am amazed with the growth of the Health IT innovation ecosystem in Israel," said Nina Nashif, founder and CEO, Healthbox. "Being able to partner with NetScientific, Microsoft and BD in supporting the growth of these innovative companies within and outside of Israel is the best start to our presence here."

-Ends-

About NetScientific

NetScientific is a global biomedical and healthcare technology group that funds and develops technologies that offer transformative benefits to people's lives and society through improved diagnosis, prognosis and treatment. For more information, please visit the website at www.NetScientific.net

About Healthbox

Healthbox (www.healthbox.com) is the preeminent source of healthcare innovation and drives actionable collaboration between inventors, entrepreneurs and the healthcare industry. Our accelerators offer serious entrepreneurs the candid, unparalleled healthcare industry access and insight needed to succeed in a complex marketplace. We also partner with leading healthcare organizations to advance a culture of idea generation, business creation and external collaboration. With operations in five key markets across the US in addition to London and Tel Aviv, Healthbox is building a strong, global community dedicated to driving change in healthcare. Healthbox has a portfolio of more than 80 active companies and strategic partnerships with more than 30 healthcare organizations.

Contact Details

 
 NetScientific plc                     Tel: +44 (0) 20 3290 8877 
  Farad Azima 
  Peter Thoms 
 
 Liberum (NOMAD and Broker)            Tel: +44 (0) 20 3100 2000 
  Chris Bowman / Christopher Britton 
  / 
  Thomas Bective 
 
 Instinctif Partners                   Tel: +44 (0) 20 7457 2020 
  Melanie Toyne-Sewell / Tim Watson     Email: netscientific@instinctif.com

This information is provided by RNS

The company news service from the London Stock Exchange

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