Partners Innovation Fund
The Partners Innovation Fund (PIF), managed by Innovation’s Venture group, was established in 2007 and launched with a total commitment of $35 million from Brigham and Women’s Hospital and Massachusetts General Hospital. It addresses Partners HealthCare’s unmet need for funding of early-stage technology to drive improved medical care for patients.
The goal of Venture is to provide the necessary support to advance innovations in therapy, diagnostics, IT and medical devices.
Gains from investments are reinvested to fund new opportunities. Its managing staff has more than 60 years of combined experience in early-stage venture capital, start-up management, and technology commercialization.
The Fund has four major goals:
- Enable early-stage inventions from Partners HealthCare to be further developed in startup companies.
- Bridge the capital gap between early lead discovery and clinical proof of concept.
- Attract external capital by demonstrating institutional commitment and a solid business plan.
- Generate a return on investment to refresh capital for additional technology investments.