Texas Medical Center unveils $25M venture fund

Houston-based Texas Medical Center unveiled the TMC Venture Fund, a $25 million initiative to support young startups aiming to advance health education and research.

Officials revealed plans for the fund to 600-plus investors, hospital stakeholders, advisers and members of the Houston startup community during the medical center's "TMCx Demo Day" Wednesday.

"The TMC Venture Fund is a quintessential example of the Texas Medical Center's ongoing commitment to driving collaboration across our medical city and further establishing Texas as the third coast of life sciences in the United States," said William McKeon, president and CEO of Texas Medical Center.

The TMC Venture Fund investment committee also selected five companies to receive funding.

To learn more about the recipients, click here.

More articles on healthcare finance:
Reuters: US mutual funds often classify gun manufacturers' securities as investments in healthcare providers
Fitch downgrades Community Health Systems to 'CCC'
Moody's revises The Queens Health System's outlook to negative

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.


Top 40 Articles from the Past 6 Months