NYC Launches $100M Life Science Fund

Deputy Mayor Robert Steel announces the launch of the Emerging Life Science Technology Investment Fund

Deputy Mayor Robert Steel announces the launch of the Emerging Life Science Technology Investment Fund

On Tuesday, Deputy Mayor Robert Steel announced that the city is launching the New York City Emerging Life Science Technology Investment Fund, a $100 million venture fund for life sciences research.

New York City will invest $10 million along with $40 million from Eli Lilly, Celgene and GE Ventures, with the remaining $50 million matched by venture capital partnerships.

The fund will be used to invest in 15-20 early-stage research and development companies by 2020.

Learn more hereherehere and here.

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