ProvenMed, a UAE MedTech innovation startup supported by the Mohammed Bin Rashid Innovation Fund, has signed an agreement with South Korean advanced manufacturing platform HubForward to produce its flagship medical kits.

Decline in MENA startups seems to continue even with raising $173 million across 51 deals in the month of September. The MoM decline in investment value is about 54% while it’s almost a 50% drop when compared to the same time the previous year.

“Avenues like Arab Health and Medlab give us an invaluable opportunity to raise awareness while facilitating the necessary impetus to our movement of securing and improving the patient care journey for both medical professionals and patients alike. Now more than ever, is the time for organisations and medical institutions to collaborate and achieve greater milestones in patient safety,” said Maher Elhassan.