The California HealthCare Foundation (CHCF) has launched a $10-million investment fund targeting nonprofit organizations and for-profit companies with innovative services, devices, and technologies that can significantly reduce costs and improve access to care in California.
“We know there are entrepreneurs who seek to combine their goal of succeeding in the marketplace with their drive to contribute to society. Through this investment fund we will support them to succeed in both arenas”
The CHCF Health Innovation Fund is soliciting proposals from organizations and companies whose focus is aligned with CHCF's mission to ensure affordable, quality care for underserved populations. Through this angel investment fund, CHCF will support a broad range of entrepreneurs with proven records for developing scalable, sustainable businesses in the health care market.
"By creating an investment fund, we can engage a broader range of organizations and entrepreneurs in innovating to lower cost and improve access to care," said Mark D. Smith, M.D., M.B.A., president and CEO of CHCF.
"We know there are entrepreneurs who seek to combine their goal of succeeding in the marketplace with their drive to contribute to society. Through this investment fund we will support them to succeed in both arenas," said Margaret Laws, director of CHCF's Innovations for the Underserved program, which oversees the program-related investment fund.
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