Health Insurer Independence Blue Cross unveils plans to invest up to $50m into venture funds and start-ups in the Philadelphia region.

Independence Blue Cross (IBC), a Philadelphia-based health insurance firm, has said that it is investing up to $50m into health-related venture capital funds and start-up firms in the region. Around half of the funds will be invested over an estimated five to seven year period into venture funds, or alongside the City of Philadelphia, universities…

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