GE’s $250 million “GE Healthymagination Fund” has a global focus and will make investments in highly promising healthcare technology companies. The formation of the fund is part of the company’s $6 billion Healthymagination initiative, a global commitment to deliver better healthcare to more people at lower cost. The fund will target three broad areas for investment:
-Broad-based diagnostics, including imaging, home health, patient monitoring, molecular diagnostics, pathology, novel imaging agents and other technologies for disease diagnosis.
-Healthcare information technology, including electronic medical records, clinical information systems, healthcare information exchanges and value-added data services.
-Life sciences, including tools for research and development in biopharmaceuticals and stem cells, and technologies for manufacturing of biopharmaceuticals and vaccines.
“The creation of the GE Healthymagination Fund reaffirms our commitment to innovation in healthcare to bring better health to more people,” GE Chairman and Chief Executive Officer Jeffrey Immelt said. “As GE works on solutions to healthcare’s biggest challenges, it is vitally important that we support the development of companies with promising technologies or business models that are aligned with our strategy and have the potential to shape the future of healthcare. This includes smarter processes and technologies that measurably increase access to healthcare, reduce the cost of delivery and improve quality. The Healthymagination Fund gives us an opportunity to work with emerging companies to support their development, as well as provide them access to our technology base and our global presence.“
“GE is able to offer a unique proposition to promising healthcare companies,” Immelt said.“In addition to providing growth capital and investment expertise, through this fund we offer entrepreneurs the opportunity to work directly with a global leader in healthcare technology in areas of mutual interest.”
Companies are invited to submit a proposal if they have an investment opportunity they would like reviewed. For further information visit www.healthymaginationfund.com
GEHealthcare‘s expertise encompasses medical imaging and information technologies, medical diagnostics, patient monitoring systems, drug discovery and biopharmaceutical manufacturing technologies.
GE Global Research is one of the world’s most diversified industrial research organisations and provides innovative technology for all of GE’s businesses.Annie Ellerton