Corporates help launch healthcare incubator Matter

Nov 25, 2014 • Robert Lavine

Matter launched in Chicago with $3.5m of government backing and $4.4m of private funding, supplied partly by a range of strategic corporates.

US-based healthcare incubator Matter launched in Chicago last week with $8m of funding, $4.4m of which had been provided by private investors.

Matter aims to help connect entrepreneurs with strategic partners that will help them build innovative healthcare businesses.

Corporates backing the scheme include pharmaceutical firms AbbVie, Astellas, Horizon Pharma, Marathon Pharmaceuticals and Takeda Pharmaceuticals; medical technology providers EdgeOne Medical, Medline Industries and Allscripts; healthcare provider OSF Healthcare; technology supplier CDW; media company Crain’s Chicago Business; and cable service provider…

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