Goal is to raise the sum for investment in urgent technological solutions for the medical, business, educational and social needs triggered by global pandemics and other health emergencies.
Crowdfunded-venture investment platform OurCrowd has launched a $100m pandemic innovation fund.
The goal is to raise the sum for investment in urgent technological solutions for the business, medical, educational and social needs triggered by global pandemics and other health emergencies.
The fund will both invest in new start-ups and select relevant companies already included in OurCrowd’s existing portfolio and will focus on the following investment sectors:
“The rapid spread of the coronavirus has validated our vision of a connected digital world poised to solve any crisis through global communication and rapid response,” said Jon Medved, CEO of OurCrowd.
“To ensure that we get the world back on track, there is now an urgent need for innovation. Technology can help us overcome many of the problems resulting from the crisis. It’s time for tech to move fast and fix things.”
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.
“Our new fund will create the bridge between the innovations we need and the far-sighted investors able to provide the resources required to improve our world”
Advisors to the fund, portfolio company experts, and top speakers from around the world will participate in the OurCrowd Pandemic Innovation Conference – an online event on 22 June 2020, broadcast from Jerusalem.
“Together we must tackle the current pandemic as well as plan for future ones, because this story is just beginning. Entrepreneurs are uniquely skilled to provide fast and effective solutions to some of our greatest challenges,” added Dr Morris Laster, fund partner.
“Our new fund will create the bridge between the innovations we need and the far-sighted investors able to provide the resources required to improve our world.”
The fund is open to both accredited private investors (minimum $50,000) and institutional investors (minimum $1m) and further information about this opportunity is available at www.ourcrowd.com
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