Healthcare-focused incubator Matter receives $4.4m from university and corporate sources to open its doors.
Chicago-based incubator Matter has received $4.4m from a number of sources ahead of its planned opening early next year.
Funding for the healthcare-centric startup incubator complements $4m in state grants and loans already secured. NorthShore University HealthSystem, an affiliate of University of Chicago, is amongst the named backers. Also supporting the venture are AbbVie, Astellas Pharma US, Avia, CDW, Comcast, Crain’s Chicago Business, EdgeOne Medical, Ernst & Young LLP, Healthios, Horizon Pharma, Insight Product Development, Jones Day, JPMorgan Chase, Marathon Pharmaceuticals, Medline, Marshall Gerstein & Borun, OSF Healthcare, Sidley Austin, Silicon Valley Bank, State Farm and Takeda Pharmaceuticals.
Describing the support from the private sector as a “terrific response”, Steve Collins, CEO of Matter, said: “The premise of Matter is to connect the pieces of the health-care ecosystem in Chicago and to support that ecosystem.”