Louisville Healthcare CEO Council
Location |
Louisville, KY |
|
|---|---|---|
Build to Scale Program |
Capital Challenge |
|
Project Name |
Louisville Healthcare CEO Council Aging Innovation Fund |
|
Award Amount |
Federal Share |
Local Match |
$299,970 |
$300,000 |
|
This EDA investment will support the Aging Innovation Fund as part of an integrated strategy to attract and accelerate innovations that fill gaps and challenges in the healthcare and aging innovation sectors.
The primary goals of the fund are to:
- Increase access to equity-based capital for healthcare and aging innovation companies within a seven-county region represented by the Kentuckiana Regional Planning & Development Agency (KIPDA)
- Leverage the unique assets and access of the organization’s member companies and their global networks to drive innovation that improves the quality, continuity, and efficiency of healthcare.
The fund will make investments in late venture-stage or growth stage-companies with actively developed and marketed products addressing the challenges associated with an increasing older-adult population. The Fund will have the ability to provide more than just capital, it will offer connections to aging innovators and entrepreneurs unlike any other strategic investment fund in the nation, which will further job creation and improve health outcomes.