Texas Medical Center Announces $25 Million TMC Venture Fund
Texas Medical Center | November 8, 2017
The Texas Medical Center, the largest medical complex in the world, today announced the TMC Venture Fund, a $25 million initiative designed to support technologies and early-stage companies to flourish in Houston’s health care ecosystem and further the TMC’s mission to advance health, education and research.
The Texas Medical Center unveiled plans for the TMC Venture Fund to an audience of more than 600 investors, hospital stakeholders, advisors and members of Houston’s innovation ecosystem who are gathered for TMCx Demo Day.
“The TMC Venture Fund is a quintessential example of the Texas Medical Center’s ongoing commitment to driving collaboration across our medical city and further establishing Texas as the third coast of life sciences in the United States,” said Bill McKeon, Texas Medical Center President and Chief Executive Officer.
The TMC Venture Fund Board of Directors includes members of the TMC Board and management. Companies interested in applying for funding will find an application on the TMC Venture Fund website. Recipients will be selected by a TMC Venture Fund Investment Committee, whose members all share expertise, passion and experience in shepherding early-stage technology companies into next-generation services and products.
The TMC Venture Fund Investment Committee is comprised of Chair Bill McKeon, Texas Medical Center President and CEO; Barbara Bass, M.D., Houston Methodist Hospital; Juliana Garaizar, Houston Angel Network; Erik Halvorsen, Ph.D., TMC Innovation Institute; Bernard A. Harris, Jr., M.D., Vesalius Ventures; Chester J. Koh, M.D., Texas Children’s Hospital; Adam Kuspa, Ph.D., Baylor College of Medicine; Larry Lawson, GOOSE Society; Tom Luby, Ph.D., JLABS @ TMC; and Ferran Prat, Ph.D., J.D., MD Anderson Cancer Center.
