Texas Medical Center has committed another $50m to its TMC Venture Fund, to be deployed over the next decade, adding to its original commitment of $25m in 2017.
Texas Medical Center, the US-based medical complex involving multiple universities, will provide an additional $50m to its TMC Venture Fund, the Houston Business Journal reported on Wednesday.
The centre’s board of directors has approved the full sum, which will be released over the next decade, with the money coming from proceeds. The commitment adds to the initial $25m that Texas Medical Center allocated to the fund in 2017.
TMC Venture Fund aims to provide access to capital to early-stage…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
