With all the frenzy of investing, partnering, and joint-venturing in emerging markets like China and India, where can medtech investors still get in on the ground floor? The Middle East. While capital for venture firms and their portfolio companies is growing scarcer in the US and Europe, government and private entities operating within the countries of the MENA (Middle East North Africa) region have billions--and in some cases trillions--to invest to further government goals of diversifying local economies beyond oil and real-estate while also improving their health care systems for their growing populations. Now, the former head of direct investment at the Kuwait Investment Authority is establishing a new $150 million investment fund that will focus on life sciences and telecommunications/IT in the region.