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Health Innovation Capital (HIC) is a venture capital impact investor founded in Chicago, Illinois, with a mission to address the unmet innovation needs of pediatric patients. Established to improve patient engagement and outcomes, HIC invests across various sectors, including therapeutics, medical technologies, and digital health. The firm operates in a sector-agnostic manner, focusing on early-stage opportunities that can demonstrate measurable improvements in pediatric care.
Currently, HIC collaborates with over 30 healthcare centers of excellence across North America, Europe, and the Middle East to evaluate investment opportunities. The firm has a foundation that donates a portion of its profits to support early-stage research and development in pediatric care. HIC aims for upper quartile returns on invested capital compared to other healthcare venture funds, emphasizing the importance of improving quality of life for vulnerable pediatric populations.
HIC employs a pediatric-centric approach to healthcare impact investing, targeting established management teams that drive change in patient care and outcomes. The firm invests in disruptive health innovations that enhance the quality of care, access, affordability, and outcomes for pediatric populations. Investment stages include seed, Series A, Series B, and growth equity, allowing HIC to engage with startups at various points in their development.
Geographically, HIC is agnostic, with investments spanning North America, Europe, and the Middle East and North Africa (MENA) regions. The firm seeks to partner with companies that can demonstrate a clear impact on pediatric healthcare, focusing on innovations that address significant gaps in care. HIC's investment strategy emphasizes collaboration with experienced management teams and a commitment to improving pediatric healthcare outcomes.
Health Innovation Capital collaborates with renowned medical practitioners and thought leaders from over 30 healthcare centers of excellence to evaluate investment opportunities. While specific portfolio companies are not detailed in the provided content, HIC's focus on pediatric healthcare innovations spans various sectors, including therapeutics, medical technologies, and digital health. The firm’s foundation also plays a crucial role in supporting early-stage research and development in pediatric care, further enhancing its impact in the sector.
HIC's commitment to improving pediatric healthcare outcomes through innovative solutions positions it as a compelling partner for startups focused on healthcare. The firm’s collaborative approach with healthcare experts and its dedication to funding transformative pediatric innovations are key aspects of its investment strategy.
Andrew M. Meadow - Founding Partner. Andrew has extensive experience in venture capital and healthcare investments, focusing on pediatric innovations.
Nicole J. Walker - Venture Partner, Investment Committee. Nicole brings a wealth of knowledge in healthcare strategy and investment analysis.
Arlene Ruiz de Luzuriaga, MD, MPH, MBA - Investment Committee. Arlene is a medical doctor with expertise in public health and healthcare investments.
Tricia L. Schumann - Principal. Tricia has a strong background in venture capital and healthcare, focusing on early-stage investments.
John Ellis, MD - Senior Advisor, Investment Committee. John is a physician with extensive experience in pediatric healthcare and investment.
Jeff Kaplan, JD - Of Counsel - Non-Voting Investment Committee. Jeff provides legal expertise and guidance on investment matters.
Jamil Dihu, DO, MBA - Executive Director. Jamil has a background in medicine and business, focusing on healthcare innovation.
P. Zhen Chan, MD, MBA - Senior Associate. Zhen has experience in healthcare investments and a strong medical background.
Startups interested in pitching to Health Innovation Capital should visit their website at healthinnovation.vc. It is advisable to include a detailed deck that outlines the innovation's impact on pediatric healthcare, the management team's experience, and the potential for measurable outcomes. HIC prefers warm introductions but also accepts direct pitches through their website.
Response times may vary, but founders can expect to hear back within a few weeks after submission. Clear communication of the innovation's value proposition is crucial for a successful pitch.
Health Innovation Capital offers a Venture Fellow Program designed for individuals from top institutions to gain exposure to venture capital while pursuing their education or careers. This program aims to build a community of diverse young venture capital executives focused on pediatric care.
As of October 2023, Health Innovation Capital continues to collaborate with over 30 healthcare centers of excellence to evaluate investment opportunities in pediatric healthcare. The firm actively supports early-stage research and development through its foundation, which donates a portion of its profits for this purpose.
HIC's commitment to improving pediatric healthcare outcomes remains a focal point of its investment strategy, positioning the firm as a key player in the healthcare venture capital space.
What are Health Innovation Capital's investment criteria?
HIC focuses on pediatric healthcare innovations, targeting established management teams that can demonstrate measurable improvements in patient care and outcomes. The firm invests across various stages, including seed, Series A, Series B, and growth equity.
How can startups apply or pitch to HIC?
Startups can pitch to HIC through their website at healthinnovation.vc. It is recommended to include a clear demonstration of how the innovation addresses unmet needs in pediatric healthcare.
What makes HIC different from other venture capital firms?
HIC is uniquely focused on pediatric healthcare, emphasizing impact investing that aims for upper quartile returns while improving outcomes for vulnerable patient populations. The firm collaborates with over 30 healthcare centers of excellence to evaluate investment opportunities.
What is HIC's geographic scope?
HIC invests in North America, Europe, and the Middle East and North Africa (MENA) regions, allowing for a diverse range of investment opportunities in pediatric healthcare.
What kind of post-investment involvement does HIC have?
HIC actively collaborates with its portfolio companies and provides access to a network of healthcare experts, enhancing the potential for successful outcomes in pediatric healthcare innovations.
What is the size of HIC's funds and check sizes?
While specific fund sizes and check sizes are not disclosed, HIC aims for upper quartile returns compared to other healthcare venture funds, indicating a significant commitment to impactful investments.
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