Rainbow Medical will offer Cleveland Clinic early-stage products and concepts for testing by the hospital's staff, according to news provider Globes.

Rainbow Medical, an Israel-based incubator in medical devices companies founded by serial entrepreneur Yossi Gross, has signed a strategic cooperation agreement with Cleveland Clinic Foundation, a US medical centre.

Rainbow Medical will offer Cleveland Clinic early-stage products and concepts for testing by the hospital’s staff, according to news provider Globes.

Rainbow healthcare company Abbott’s corporate venturing unit as one of its investors.

James Mawson

James Mawson is founder and chief executive of Global Venturing.