June 2014- At the latest Riverside Chat Speaker series held by NYC Tech Connect (a private-public partnership to foster entrepreneurship in the sciences), the New York Blood Center announced the launch of a $50 million venture fund and translation center.
The event began with an introduction by Maria Gotsch, President and CEO of the Partnership Fund for NYC, an organization that invests in both for-profit and non-profit ventures in NYC, with a priority goal of enhancing the local economy and job creation. Greg Bonfiglio, Managing Partner of Proteus Regenerative Medicine gave an overview of the fund and its goals -the first of its kind in NYC.
The venture fund will operate under the New York Blood Center, the largest nonprofit blood and blood product collection and distribution center in the U.S. and a major brain trust and research center, as well as the home of the National Cord Blood Program at the Howard P. Milstein Cord Blood Center.
The fund will focus on second generation blood products, cord blood, blood disorders, and new blood-related technology and therapeutics.