Page 50 - Mass General Brigham - Innovators Guide 1.1

50 INNO V AT O RS GUIDE | M ASS GENERAL BRIGH AM

8
Company creation

8 and investing

Mass General Brigham Ventures Artificial Intelligence and Digital

As noted earlier, Mass General Brigham Ventures, a part of the Innovation Innovation Fund
team (and previously known as the Partners Innovation Fund), manages
several hundred million dollars of investment capital solely dedicated to The Artificial Intelligence and Digital Innovation Fund (AIDIF) is a
the creation and advancement of new companies based on technologies $30 million venture fund investing in commercial stage digital health
that emerge from within the system. companies that are working with the Mass General Brigham system.
AIDIF works closely with Innovation’s Business Development group and
The Mass General Brigham Ventures team works closely with innovators with Mass General Brigham’s clinical, operations, research and digital
across the system and Licensing Managers to identify technologies leadership to identify key areas for investment focus including technology
suitable for development in a venture-backed entity. It actively participates that increases efficiency, utilization and margin. Established in 2020, AIDIF
in the process from company creation through exit. supports digital innovation at Mass General Brigham by making selective
Since its inception in 2008, Mass General Brigham Ventures has launched introductions of innovative companies to relevant stakeholders and
or assisted the launch of dozens of companies that have raised billions ultimately by delivering venture returns on its investments. It is managed
of dollars in investment capital. Innovation can provide guidance on how as part of Mass General Brigham Ventures.
translational research can be directed towards market relevant objectives
that would gain the attention of existing companies or venture funds.
The Boston area has many large, significant venture capital firms and
corporate venture units that actively source technology from Mass General
Brigham and work collaboratively with Mass General Brigham Ventures.