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Innoventures company logo
Venture Capital
innoventures.me

Investments

10

Funds

2

About Innoventures

Innoventures is an innovation platform with a mission to turn creative ideas into successful businesses that change the world.

Headquarters Location

Egypt

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Latest Innoventures News

Tampa General Hospital's Innoventures Is Honored at the Tampa Bay 2022 Inno Fire Awards by the Tampa Bay Business Journal

Nov 10, 2022

News provided by Share this article Share this article The award recognizes TGH Innoventures' commitment to driving quality improvements at Tampa General Hospital, nurturing early-stage health care startups, and investing in innovation and companies. TAMPA, Fla., Nov. 10, 2022 /PRNewswire/ -- Tampa General Hospital's  (TGH) innovation center and venture capital fund, TGH Innoventures, is being recognized by the Tampa Bay Inno 2022 Fire Awards. Tampa General Hospital's (TGH) innovation center and venture capital fund, TGH Innoventures, is being recognized by the Tampa Bay Inno 2022 Fire Awards. The award recognizes TGH Innoventures’ commitment to driving quality improvements at Tampa General Hospital, nurturing early-stage health care startups, and investing in innovation and companies. "This recognition speaks to the leading-edge work Tampa General and TGH Innoventures, specifically, are doing in harnessing innovation and investment strategies to help change the future of health care delivery," said John Couris, president and CEO of Tampa General. "Rachel Feinman (vice president of innovation for Tampa General and managing director of TGH Innoventures) and the entire TGH Innoventures team are not only supporting our work to provide world-class care but are paving the way for innovations that can be applied and integrated into organizations across the country and the globe." Launched in the first quarter of 2021, TGH Innoventures provides a coordinated mechanism for Tampa General Hospital to develop novel solutions that improve quality and access to care. The $15 million, innovation-focused investment fund has provided TGH with a platform to invest resources into emerging companies and relevant venture capital funds in health care. Feinman, who leads TGH Innoventures, joined TGH in 2021 as vice president of innovation. She was recently recognized as one of the nation's top innovation leaders by Becker's Healthcare. The Tampa native and former attorney has broken new ground at Tampa General through her mentorship of early-stage startups and her supervision of the venture investment strategy at TGH Innoventures. "Innoventures is honored to be chosen as a Fire Award recipient," said Feinman. "This recognition demonstrates our commitment to innovation and reaffirms that Tampa General Hospital strives to be a national and global leader in delivering world-class care." TGH Innoventures has been recognized for four direct investments it has made since its inception, among other accomplishments. Those achievements include: Investment in three startup health care companies Collaboration and co-development of early-stage health care companies like Enroute through its Co-Lab program Partnership with the Florida-Israel Business Accelerator (FIBA) and nonprofit Embarc Collective Investment in venture capital fund Virtue Expansion of telehealth and connected care services through a $1 million reimbursement grant from the FCC Innoventures' investments are instrumental in making dozens of organizational improvements across departments at Tampa General. TGH Innoventures was honored at Tampa Bay Inno's Fire Awards ceremony on Nov. 2 at Vu Studios. ABOUT TAMPA GENERAL HOSPITAL  Tampa General Hospital, a 1,040-bed, not-for-profit, academic medical center, is one of the largest hospitals in America and delivers world-class care as the region's only center for Level l trauma and comprehensive burn care. Tampa General Hospital is the highest-ranked hospital in the market in U.S. News & World Report's  2022-23 Best Hospitals, and is tied as the third highest-ranked hospital in Florida, with seven specialties ranking among the best programs in the United States. Tampa General Hospital has been designated as a model of excellence by the 2022 Fortune/Merative 100 Top Hospitals list. The academic medical center's commitment to growing and developing its team members is recognized by two prestigious Forbes magazine rankings – first nationally in the 2022 America's Best Employers for Women and sixth out of 100 Florida companies in the 2022 America's Best Employers by State . Tampa General is the safety net hospital for the region, caring for everyone regardless of their ability to pay, and in fiscal year 2021, provided a net community benefit worth more than $224.5 million in the form of health care for underinsured patients, community education, and financial support to community health organizations in Tampa Bay. It is one of the nation's busiest adult solid organ transplant centers and is the primary teaching hospital for the USF Health Morsani College of Medicine. With six medical helicopters, Tampa General Hospital transports critically injured or ill patients from 23 surrounding counties to receive the advanced care they need. Tampa General houses a nationally accredited comprehensive stroke center, and its 32-bed Neuroscience, Intensive Care Unit is the largest on the West Coast of Florida. It also is home to the Jennifer Leigh Muma 82-bed neonatal intensive care unit, and a nationally accredited rehabilitation center. Tampa General Hospital's footprint includes 17 Tampa General Medical Group Primary Care offices, TGH Family Care Center Kennedy, TGH Brandon Healthplex, TGH Virtual Health, and 21 TGH Imaging powered by Tower  outpatient radiology centers throughout Hillsborough, Pasco, Pinellas and Palm Beach counties. Tampa Bay area residents also receive world-class care from the  TGH Urgent Care powered by Fast Track  network of clinics, and they can even receive home visits in select areas through TGH Urgent Care at Home, powered by Fast Track . As one of the largest hospitals in the country, Tampa General Hospital is the first in Florida to partner with GE Healthcare and open a clinical command center that provides real-time situational awareness to improve and better coordinate patient care at a lower cost. For more information, go to  www.tgh.org . Media Contact: Beth Hardy, APR Senior Communications Specialist

Innoventures Investments

10 Investments

Innoventures has made 10 investments. Their latest investment was in Hummingbirds as part of their Seed on January 1, 2023.

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Innoventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/10/2023

Seed

Hummingbirds

$1M

Yes

3

11/6/2019

Seed VC

Tripdizer

$0.3M

Yes

3

Other Investors

Okhtub

Yes

Other Investors

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0

Other Investors

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0

Date

1/10/2023

11/6/2019

Round

Seed

Seed VC

Other Investors

Other Investors

Other Investors

Company

Hummingbirds

Tripdizer

Okhtub

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Amount

$1M

$0.3M

New?

Yes

Yes

Yes

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Co-Investors

Sources

3

3

0

0

Innoventures Fund History

2 Fund Histories

Innoventures has 2 funds, including Innoventures Fund 1.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/9/2016

Innoventures Fund 1

$1.62M

2

Innoventures Fund I

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10

Closing Date

12/9/2016

Fund

Innoventures Fund 1

Innoventures Fund I

Fund Type

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Status

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Amount

$1.62M

Sources

2

10

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