New $100 Million Pandemic Innovation Fund Launched by OurCrowd

Posted on June 6, 2020 by Design in Design Innovation | 0 Comments

, the world’s largest investment crowdfunding platform, has announced the launch of a $100 million Pandemic Innovation Fund. OurCrowd has long held an interest in Medtech/Biotech, today OurCrowd is focusing more energy on healthcare and digital transformation as it seeks to raise $100 million to propel technological solutions for medical, business, educational and social needs triggered by global pandemics and other health emergencies. The Fund will invest in both new startups and certain companies already included in OurCrowd’s existing portfolio. OurCrowd founder and CEO Jon Medved said it was time to “move fast and fix things,” – a play on the Silicon Valley mantra of breaking things with disruptive innovation.

The fund’s management will be led by the following individuals:

While the long term impact of the COVID-19 crisis remains unknown, it is clear that the world has changed and the pandemic has refocused energy and accelerated the pace of technological adoption. OurCrowd points to Microsoft CEO Satya Nadella who said “we saw two years of digital transformation in two months.”

The US Food and Drug Administration (FDA) has quickly approved new digital diagnostic tools which will remain in use once the current pandemic has settled.

Appstore downloads of remote working apps have soared while 75% of IT professionals reported changes to Fintech firms’ cybersecurity programs to manage the transition to working from home.

OurCrowd states that its Pandemic Innovation Fund will focus on the following investment sectors:

OurCrowd’s portfolio already has more than 20 companies actively working to mitigate the coronavirus crisis and its effects, some of which will be candidates for follow-on investment from the Pandemic Investment Fund.

OurCrowd’s existing investments include:

OurCrowd has scheduled the OurCrowd Pandemic Innovation Conference – an online event on June 22, 2020 to explain and discuss the new fund which is open to both accredited private investors (minimum $50,000) and institutional investors (minimum $1,000,000).

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