HHS announces Secretary’s Ventures projects for 2015
The Secretary’s Ventures program is extremely competitive. It offers growth-stage funding, management tools for support teams handling transitions and business models and 15 months of mentorship. The funding assists business support teams as they develop sustainable applications and implement their proven theories.
For 2015, HHS Ventures Fund has received a total of $325,000 from its investment partners: the National Institutes of Health (NIH), the Office of the Secretary and the Centers for Disease Control and Prevention (CDC).
The three projects for 2015 are the Collaborative Use Repurposing Engine, Economic Evaluation for Public Health Emergencies and Watch it, Parasite.
“The three projects selected represent highly innovative solutions to challenging problems,” HHS Acting Deputy Secretary Mary Wakefield said. “They reflect cross-agency collaboration and creativity designed to improve our performance and the critical services we offer to the American people.”
The projects are just a small piece of the HHS Secretary Ventures program, which provides financing for various projects. Ventures is a part of the HHS IDEA Lab.
“The latest Ventures teams and Ignite Accelerator projects validate the unique role of the IDEA Lab initiatives to help modern-day problem solvers across HHS by providing support, risk-management strategies and mentoring,” HHS Chief Technology Officer Bryan Sivak said. “We are already witnessing how these catalytic activities are enabling us to develop a community of innovators yielding results with impact.”