Johns Hopkins Technology Ventures, the commercialization arm of Baltimore-based Johns Hopkins University, plans to launch a health-focused accelerator, reports The Baltimore Sun.
While Johns Hopkins Technology Ventures has historically been geared toward innovations from university faculty and students, the potential healthcare-focused accelerator will be open to parties not affiliated with the university, according to the report.
Investment group Village Capital awarded Johns Hopkins Technology Ventures $25,000 in funding, and the university is seeking other partners in this endeavor. The university will also invest an undetermined amount into the accelerator, according to the report.
"Village Capital has discovered that many successful accelerators have a real focus," Elizabeth Smyth, senior director of strategic initiatives at Hopkins, told The Baltimore Sun. "Healthcare, digital health — we're still working out our exact focus within the healthcare space. But it's clearly a regional strength here, and we have myriad assets."
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