MILWAUKEE – Advocate Aurora Health, Foxconn Technology Group, Johnson Controls and Northwestern Mutual are partnering to create the $100 million Wisconn Valley Venture Fund. The early-stage venture capital fund will invest both nationally and globally, targeting transformative and interdisciplinary innovations in health care, technology, manufacturing and financial services. Each organization will contribute $25 million to the fund. “As the global leader in technology and manufacturing services, we are uniquely positioned to promote the development of new and emerging technologies around the world,” said Terry Gou, founder and CEO of Foxconn Technology Group, in a statement. “We look forward to enabling entrepreneurs and startups to find success for transformative solutions through the fund.” Advocate Aurora Health operates 27 hospitals and more than 500 sites of care throughout Wisconsin and Illinois, serving more than 2 million patients each year. Johnson Controls creates intelligent buildings and efficient energy solutions. Northwestern Mutual is a life insurance company focused on technology in the region.
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