Medical device accelerator Catchwind Innovations and venture fund group VantEdge Ventures announced a strategic partnership to bring a $5 million syndicate fund to Minnesota to support healthcare startups and developers.
Chicago-based VantEdge Ventures said it supports healthcare innovation through strategic partnerships with groups including the University of Notre Dame’s IDEA center.
Catchwind Innovations supports healthcare and medical device technologies to help accelerate their journey to market, the company said.
“Our goal is to align innovation and investment to meet the actual needs and demands within our health systems. When physicians and health systems invest in each other, innovations are far more likely to be adopted. We have seen many great innovations sit on the shelves and fail. We are out to change that,” Catchwind Innovations founder & CEO Angel Adams said in a prepared statement.
“This partnership will help our investors, physicians and innovators to more seamlessly innovate and commercialize. Sourcing meaningful innovations that are able to reduce costs while improving overall patient care is the most important focus in health care right now. Partnering with Catchwind will give us greater reach and ability to bring forward sustainable innovations that will have a true impact on the entire market,” VantEdge Ventures managing partner & co-founder Kyle Hathaway said in a press release.