HJF-MDC Venture Fund Launches to Transform Medical Technology
HJF-MDC Venture Fund: A New Era in Medical Innovation
The Henry M. Jackson Foundation for the Advancement of Military Medicine, Inc. (HJF) along with MDC Studio, Inc. (MDC) is excited to announce a pioneering collaboration through the HJF-MDC Venture Fund LLC. This partnership is poised to revolutionize the development and commercialization of medical technologies that serve both military and civilian healthcare needs.
Revolutionizing Healthcare Innovations
The collaboration between HJF and MDC is not just about funding; it is a comprehensive initiative to enhance existing partnerships with the goal of fostering dual-use medical technologies that benefit both sectors. MDC Studio has taken a strategic step by establishing a satellite office within HJF's innovation facility, which is set to strengthen their collaborative efforts.
Understanding the HJF-MDC Venture Fund
This venture fund aims to invest in a broad portfolio of early-stage companies dedicated to commercializing military medical technologies that also have significant civilian applications. Notable is HJF’s role as a non-voting member of the fund, where it holds a minority interest. The Fund focuses on essential areas including medical devices, health wearables, and assistive robotics.
Leadership Driving Innovation
The Board of Managers of the HJF-MDC Venture Fund comprises esteemed individuals who bring a wealth of expertise and diverse backgrounds to the table. Dr. Gil Blankenship, Ph.D., founder of MDC Studio, transitioned from academia to entrepreneurship, accumulating three successful exits over his career. Joining him is Dr. Jonathan Pearl, M.D., an accomplished medical advisor and Navy veteran, recognized for his exceptional service.
Dr. Lester Martinez-Lopez, M.D., M.P.H., brings invaluable experience from his role as Assistant Secretary of Defense for Health Affairs, focusing on health policies and programs for the Department of Defense. Lastly, Dr. Leonard Mills, Ph.D., C.F.A., with his extensive career in investment management, aims to guide the fund’s investment strategies effectively.
Investment Goals and Focus Areas
Currently, the HJF-MDC Venture Fund is in the process of raising $20 million. This capital will enable the fund to invest in various promising startups within its dual-use portfolio, amplifying its commitment to advancing technologies that can significantly impact military and civilian healthcare.
Significance of the Initiative
This venture fund stands as a crucial milestone in advancing medical technologies geared toward improving healthcare for military personnel and civilians alike. By channeling resources into innovative solutions, the HJF-MDC Venture Fund aims to accelerate the pace of discovery and development within these sectors, ensuring that both communities benefit from cutting-edge technologies.
About the Organizations
The Henry M. Jackson Foundation for the Advancement of Military Medicine, Inc. (HJF) is a globally recognized nonprofit organization established to enhance military medicine since 1983. With over 3,000 employees and managing more than 800 awards and 1,500 active research protocols, HJF has cemented its role as a critical link between the military medical community, federal partners, and the vast population of warfighters and veterans who rely on high-quality medical care.
MDC Studio, founded in 2016, is rooted in Maryland and focuses on transforming innovative ideas into market-ready medical products. By collaborating with a diverse array of professionals, MDC has successfully raised nearly $27 million through contracts, grants, and investments to further its mission.
Frequently Asked Questions
What is the main objective of the HJF-MDC Venture Fund?
The primary aim is to invest in early-stage companies that develop dual-use medical technologies for military and civilian applications.
Who are the key members of the Board of Managers?
The board includes Dr. Gil Blankenship, Dr. Jonathan Pearl, Dr. Lester Martinez-Lopez, and Dr. Leonard Mills, each bringing unique expertise and experience.
How much capital is the HJF-MDC Venture Fund raising?
The fund is raising $20 million to support investments in startups focusing on medical technology innovations.
What sectors does the fund focus on?
The fund focuses on medical devices, health wearables, and rehabilitation technologies among others.
Why is this fund significant for healthcare?
This fund aims to accelerate the development of technologies that improve healthcare for both military personnel and civilians, fostering innovation in medical practices.
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