Israeli company gets $1M to expand here

UC-Care, an Israeli medical device company that came to Florida last year in hopes of establishing a U.S market, recently landed a $1 million investment from a group known as Florida Funders to help the company grow operations at a new facility in Oldsmar.

The company, with products aimed at improving prostate cancer diagnosis and treatment, was one of eight Israeli companies invited to set up temporary offices at the Florida-Israel Business Accelerator (FIBA) in Tampa early last year.

FIBA was created by the Tampa JCCs and Federation – with offices at the Bryan Glazer Family JCC in Tampa – to help Israeli companies meet local investors, pitch their products and hopefully establish markets in the Tampa Bay area. The FIBA program is offered at no upfront cost to the Israeli company, but for any successful sales or investment, FIBA receives a commission and/or finder’s fee.

Since 2017, FIBA has brought a total of 27 Israeli companies to Tampa, with UC-Care being the latest success story among those invited. Read more at Jewish Press of Tampa.

Article by Jewish Press of Tampa.