The PCOM Primary Care Innovation Fund is designed to bring strategic value to selected companies while generating non-tuition based revenue for the College.
Earlier this year, Philadelphia College of Osteopathic Medicine launched a unique venture focused on investing in healthcare-related products and services focused on primary care—the PCOM Primary Care Innovation Fund.
Dean Miller, managing director of the fund, discussed the ways PCOM is pioneering entrepreneurship in the recently released 2016 President’s Report.
“The PCOM Primary Care Innovation Fund is a big deal,” Miller said. “It’s a big foray into the world of innovation.”
Structured as a traditional venture capital fund, the $5M PCOM Primary Care Innovation Fund is focused on making investments in the range of $250,000 to $500,000.
“That’s the initial value of the investment,” Miller said. “Over time, we expect to have anywhere from 10 to 12 investments in this first fund.”
The focus, he added, is—first and foremost—to help grow the endowment of PCOM.
The 2016 President's Report, created by the Office of Marketing and Communications, includes video highlights from the past year and delineates many of the strategic initiatives set forth in PCOM 2020: A Strategic Vision. The report also includes a financial overview, summary of grants, Institutional Advancement report and other supporting documents.