Primary Care Innovation Fund

The Primary Care Innovation Fund is a corporate venture capital fund established by the Philadelphia College of Osteopathic Medicine (PCOM) to stimulate innovation and entrepreneurship in the healthcare sector, with a specific focus on primary care. The fund was launched in 2016 with a commitment of $5 million, marking PCOM as the first osteopathic medical school to establish such a fund. It aims to invest in companies that have established products and services related to healthcare and primary care, emphasizing those beyond the seed and early research stages with some level of commercial success.

The fund's investment strategy is nationwide, with special attention to healthcare communities in the Philadelphia area, Atlanta area, and South Georgia, where PCOM operates three locations. An advisory committee, composed of accomplished physicians and business professionals, assists the fund in sourcing deals, conducting due diligence, and managing the portfolio. The fund focuses on all facets of healthcare innovation, including companies and technologies that contribute to better patient health outcomes and advancements in combating chronic diseases such as diabetes, obesity, hypertension, and heart disease. Additional areas of interest include efforts toward better nutrition and technology-supported services that promote overall health.

Dean Miller oversees the fund and serves as the president and CEO of the Philadelphia Alliance for Capital and Technologies (PACT). Under his leadership, the fund reviews submissions for funding from both within and outside the PCOM community, aiming to support companies that align with its mission to improve and maintain patients' quality of life through innovative primary care solutions.