News: Portfolio

Partners HealthCare puts millions toward in-house innovation

The state’s largest health care system is putting an increased focus on financing homegrown innovations, with Partners HealthCare putting another $65 million in a fund used to invest in Partners technologies while opening the door to outside investors.

The Partners Innovation Fund, created in 2007 with $35 million from Partners, was intended to progress Partners-developed innovations to the point where they can be commercialized.

“This is all about taking insights and ideas and discoveries of the faculty and even sometimes administrative staff at Brigham, Mass General Hospital, McLean, and getting them out so they can broadly help patients,” said Chris Coburn, vice president of innovation at Partners.

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