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.