California HealthCare Foundation Launches $10
Million Health Innovation Fund
Investing with a Social Mission to Lower the Cost of Care
November 08, 2010 08:06 PM Eastern Time
OAKLAND, Calif.--(EON: Enhanced Online News)--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.
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
The CHCF Health Innovation Fund will provide funding at all stages, with a primary focus on early development,
including seed rounds as small as $50,000; total investment of up to $3 million is available over the life of a company.
Requirements for proposals and instructions on how to apply are available at www.chcf.org/pri.
Spencer Sherman, 510-587-3111
Director of Publishing & Communications