A startup called BiPS Health edged out 49 other early-stage medical technology companies to win the top prize in the recent Trendlines Medtech Open 2017 held at the Israel Export Institute.

BiPS Health is developing a device worn on the wrist and fingers that constantly monitors vitals including blood pressure, blood oxygen saturation, respiration rate and heart rate. It is designed primarily to replace the need for hospital nurses taking vitals every eight hours, but also will be suitable for telemedicine.

“In the future, hospitals will move from manual patient monitoring by the nurses to continuous automatic personal monitoring,” said BiPS CEO Ran Keren. “Our device is wearable and comfortable and … will dramatically improve treatment and the ability to detect deterioration in the patient’s condition hours before it actually occurs.”

The founding team of BiPS Health includes CEO Ran Keren, Dr. Nimrod Adi, director of the Intensive Care Unit at Tel Aviv Sourasky Medical Center; Dr. Gil Zoizner, a physician at Kaplan Hospital in Rehovot; and electronics engineer Jonathan Rubin.

The Trendlines Medtech prize totaled $54,000, including $10,000 in cash and a package of professional services. There is no obligation to join Trendlines or any other Israeli incubator.