Cleveland Clinic Ventures

Overview

Cleveland Clinic Ventures is the corporate venture capital arm of Cleveland Clinic, focusing on investing in healthcare innovations. The organization supports physician innovators and the clinic's culture by creating standalone, investible companies. It develops, finances, and grows these spinout companies into successful businesses by collaborating with entrepreneurs and co-investors as value-added partners. Cleveland Clinic Ventures leverages its portfolio investment activity and internal and external relationships to further the mission, vision, and values of the Clinic. It externally sources transformative healthcare technologies that meet the strategic imperatives of the clinic and deliver superior investment returns to Cleveland Clinic. The investment focus of Cleveland Clinic Ventures includes innovations based on intellectual property developed at Cleveland Clinic, as well as companies that drive strategic value and address organizational priorities such as patient experience, safety and outcomes; caregiver engagement; population health management and the shift to value-based care; distance health solutions; precision medicine; and digital transformation of care delivery and administration. Since its inception, Cleveland Clinic Ventures has launched over 80 startup companies and has achieved a market rate of return on exited companies. The organization has a track record of supporting healthcare innovations that align with Cleveland Clinic's mission and values, contributing to advancements in patient care and medical research.