GE Healthcare to invest up to $50 million in start-up accelerator programme
Friday, September 23, 2016
GE Healthcare, the $18 billion healthcare technology division of General Electric Co., will provide funding of up to $50 million for global start-ups under its new accelerator five.eight programme, aimed at improving affordable healthcare in emerging markets.
The company said on Friday that it would potentially invest up to $5 million per start-up to commercially scale up their innovations. GE’s funding for each start-up will be evaluated on a case-by-case basis.
Portfolio companies belonging to four social impact investors – Acumen Funds, Aavishkaar-Intellecap Group, Unitus Seed Fund and Villgro Innovations Foundation—would be among the initial applicants for the first accelerator programme.
- Health Care