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.