The deal will enable GE Healthcare to tap into the early-stage healthcare and wellness sector worth an estimated $28bn globally.
GE Healthcare, the medical technology subsidiary of conglomerate General Electric, yesterday took a 20% stake in venture management firm Pilot Lite Ventures (PLV) for an undisclosed sum.
PLV collaborates with corporations to validate, launch and commercialise startups, orphaned intellectual property, products and services.
GE Healthcare has the option to increase its stake at a later date. The deal gives the corporate access to a global market worth an estimated $28bn.
GE Healthcare is set to use the partnership to expand…
