[COA Member] University Hospitals Ventures looks to encourage innovation
Looking to provide patients with complex, chronic diseases quicker access to costly medications, University Hospitals launched Specialty Pharmacy in 2016. It has become the first enterprise of UH Ventures, a new arm of the system that aims to develop business models leveraging existing capabilities and develop new revenue for the organization. And the new effort, […]
New Stamford program aims to accelerate startups’ growth
After making major progress last year, southwestern Connecticut’s newest business accelerator is aiming to maintain its momentum in 2018. Focused on enterprise-oriented startups, TechXel graduated last month its first group of businesses. Its founders say the early feedback from participants, mentors and speakers suggests that the initiative has established a promising model for helping entrepreneurs […]
Mayo Clinic, ASU collaborate to seed and accelerate research
In Silicon Valley, investors flock to back potentially disruptive new technology and apps — even if they are still in development. But the funding landscape is a little different for health research. Although novel ideas have great potential to radically improve health care and medicine, funding agencies usually choose to fund well-established research. This can […]
Partners HealthCare raises $171 million to invest in early-stage life science companies
Partners HealthCare System announced today the closing of $171.1 million in capital to invest in early-stage life sciences companies, which are a critical segment of the state’s innovation economy. The funds raised include $66.1 million in outside capital for Partners Innovation Fund II and a $105 million commitment from Partners institutions to Partners Innovation Fund. […]
Frazier Healthcare Partners raises $419M for life science venture fund, signaling huge interest in health investment
The U.S. healthcare system faces a myriad of challenges today, including uncertainty over federal regulation and shifting payer systems. You might expect that environment to give pause to many investors. But if Frazier Healthcare Partners’ latest round is any indication, investors aren’t wary of the health space — in fact, they’re chomping at the bit to get […]
Mayo Clinic, Oxford to collaborate on research and innovation
Mayo Clinic is partnering with the University of Oxford, and Oxford University Hospitals NHS Foundation Trust to boost medical research and patient care in all areas of innovation. The institutions will collaborate on research, teaching and clinical care to drive advances in medicine. “This transatlantic partnership will bring together leading researchers and clinicians from around […]
NJBIZ Exclusive: Hackensack Meridian entering innovation and incubator space with $25M fund
The board of Hackensack Meridian Health has approved a $25 million capital fund so the state’s second-largest health system can dive into the world of innovation and incubators, NJBIZ has learned. Hackensack Meridian officials said the effort is viewed as a new revenue stream as well as a way to elevate the organization onto a […]
Virginia Tech and Carilion form $15 million venture capital fund
Virginia Tech and Carilion Clinic have formed a new $15 million venture capital fund designed to catapult the startups taking root around Blacksburg and Roanoke’s so-called innovation corridor. About 60 percent of the investments will be in the life sciences industry and most will be based in Virginia. If they’re in another state, the companies […]
Inova launches investment fund to find personalized medicine innovators
Inova Health System, the giant nonprofit hospital network serving Northern Virginia, is creating a new start-up incubator and investment program focusing on “personalized” medicine innovations. Executives say they plan to invest at least $100 million over the next three to five years making $2 million to $5 million bets on promising young companies with products […]
Rev1 Ventures and Nationwide Children’s Hospital Launch New Fund to Support Healthcare Innovators
Today, Rev1Ventures, the seed-stage venture fund that combines investment capital and strategic services, andNationwide Children’s Hospital, one of America’s largest not-for-profit freestanding pediatric healthcare systems, launched the Life Sciences Fund to support the growth and development of research-based healthcare spinouts from The Research Institute at Nationwide Children’s. The fund is a boon for the region, […]