LSU Health New Orleans announced that it has joined Vantedge Venture’s Innovation Alliance (VIA), a collective of health systems seeking to innovate and create physician-led innovation developed by their network of clinicians and physicians. The Alliance will help LSU Health New Orleans Office of Technology Management vet and validate the commercial viability of inventions of LSU Health New Orleans clinical physician-scientists. As part of the alliance, Vantedge Ventures Fund will work with their partners to fund and further commercialize the innovations and companies created from LSU Health New Orleans technology.
Founded in 2015, Vantedge Ventures is a Midwest-based innovation firm and venture fund investing in solutions that align clinicians, reduce costs, and bring efficiency to the delivery of healthcare. Vantedge Ventures has created a field-tested methodology for validating, commercializing, and investing in innovations that have been incubated within health networks and premier innovation programs.
“Our partnership with Vantedge Ventures will help our clinical faculty’s innovations reach the marketplace in the healthcare space where they can solve health problems,” says Patrick Reed, RTTP, Director of the Office of Technology Management at LSU Health New Orleans. “When appropriate technologies are identified, LSU Health New Orleans faculty can participate as a startup company and work with Vantedge through their vetting process. If they’re not interested in being part of a company, Vantedge can create a company, license the innovation, and move it forward. Either way, the innovations of LSU Health New Orleans faculty will improve health.”