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HJF-MDC Venture Fund raises $20 million to back dual-use medical tech startups

The HJF-MDC Venture Fund, backed by leaders like Dr. Gil Blankenship and Dr. Lester Martinez-Lopez, is raising $20 million to invest in early-stage companies developing military medical technologies with civilian applications, focusing on devices, wearables, and robotics. This fund aims to accelerate innovation that benefits both defense and public health sectors.

Sources:
Morningstar
Updated 1h ago
Sources: Morningstar
The Henry M. Jackson Foundation for the Advancement of Military Medicine (HJF) and MDC Studio have partnered to create the HJF-MDC Venture Fund LLC, an independent investment entity focused on early-stage companies developing dual-use medical technologies.

The fund recently raised $20 million to back startups that commercialize military medical innovations with civilian applications, targeting sectors such as medical devices, health wearables, and rehabilitation robotics.

The fund’s leadership includes notable experts like Dr. Gil Blankenship, Ph.D., founder of MDC Studio and a seasoned entrepreneur with multiple successful exits, and Dr. Lester Martinez-Lopez, M.D., M.P.H., former Assistant Secretary of Defense for Health Affairs, who advised top defense officials on health policies.

This collaboration aims to accelerate the development and commercialization of cutting-edge medical technologies that can enhance healthcare outcomes for both military personnel and the general public.

“This collaboration aims to revolutionize medical technology development and commercialization, benefiting military and civilian health care sectors,” the organizations stated.

By focusing on dual-use innovations, the fund seeks to bridge the gap between defense medical advancements and civilian healthcare needs, fostering a diversified portfolio of impactful startups.

The HJF-MDC Venture Fund represents a strategic effort to leverage military medical research for broader societal benefit, supporting technologies that improve health monitoring, assistive robotics, and medical device innovation.

This initiative underscores the growing trend of cross-sector partnerships to accelerate healthcare innovation and commercialization.
Sources: Morningstar
The Henry M. Jackson Foundation and MDC Studio have launched the HJF-MDC Venture Fund, raising $20 million to invest in early-stage startups developing dual-use medical technologies benefiting both military and civilian healthcare sectors.
Key Facts
  • The Henry M. Jackson Foundation for the Advancement of Military Medicine (HJF) and MDC Studio have collaborated to create the HJF-MDC Venture Fund LLC aimed at revolutionizing medical technology for both military and civilian healthcare sectors.Morningstar
  • The HJF-MDC Venture Fund is established as an independent entity to invest in a diversified portfolio of early-stage companies commercializing military medical technologies with civilian applications.Morningstar
  • The Fund focuses on medical devices, health wearables, and rehabilitation/assistive robotics as key areas for investment.Morningstar
  • The Fund's Board of Managers includes Dr. Gil Blankenship, founder of MDC Studio with a background in applied mathematics and entrepreneurship, and Dr. Lester Martinez-Lopez, former Assistant Secretary of Defense for Health Affairs.Morningstar
  • The HJF-MDC Venture Fund is currently raising $20 million to invest in new companies and expand its portfolio of dual-use medical technology startups.Morningstar
Key Stats at a Glance
Capital raised by HJF-MDC Venture Fund
$20 million
Morningstar
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