Ochsner Ventures participating in $113M fund for startups in Louisiana

Ochsner Ventures, the venture capital arm of New Orleans-based Ochsner Health, is among the organizations participating in a $113 million venture fund in Louisiana.

The funding came from the U.S. Treasury Department's State Small Business Credit Initiative to invest in high-growth startups.

"Entrepreneurship is a pillar of economic development,” said Michael Hecht, president and CEO of Greater New Orleans Inc., in a Dec. 6 news release from the organization. "This unprecedented infusion of investment capital into greater New Orleans will help catalyze inclusive entrepreneurship, driving company formation in high-growth, high-wage sectors of the region."

The funds will prioritize socially and economically disadvantaged groups, including women, people of color, military veterans, people with disabilities, and rural residents.

Copyright © 2023 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars