Ochsner Health is a system that delivers health to the people of Louisiana, Mississippi and the Gulf South with a mission to Serve, Heal, Lead, Educate and Innovate.
Ochsner Investment Program
Ochsner Innovation Fund
Ochsner Health has a long legacy of innovating and investing in Louisiana and the communities that it serves. As part of our commitment to the State, Ochsner Ventures launched the Ochsner Innovation Funds to invest in Louisiana-based, early-stage health and healthcare adjacent companies whose founders and mission closely align with Ochsner Health’s values of inclusion and creating health equity. These funds will be used to further healthcare innovation in the region to bring new solutions to patients and providers, while catalyzing economic development that will create new jobs and prosperity for our communities.
Innovation Fund Details
Ochsner Health, in partnership with Louisiana Economic Development, has created two venture funds that will partner with disruptive founders looking to reimagine healthcare. As the largest health system in the Gulf South with a legacy of innovation and partnership, Ochsner has years of experience working with local and national innovative companies that are solving some of the industries toughest challenges. As an investor and partner, we can provide our entrepreneurs and portfolio companies with capital, mentorship, and access to deep clinical and operational expertise and insight.
We are committed to improving the health of Louisianans and are looking to partner with innovative entrepreneurs with a similar vision. As such, the funds will target investments in early-stage healthcare companies located in Louisiana that are mission aligned to creating health equity, with a compelling business model and strong leadership team that is representative of the communities we serve.
Key Investment Criteria
- Healthcare or tech enabled healthcare focus
- Pre-Seed, Series Seed, or Series A stage companies
- Headquarters or significant operations in Louisiana
- Product/Service displays sustainable competitive advantage
- High likelihood of product/service adoption within Ochsner
- High quality management team with proven expertise in their field
Focus Areas for Investment
- Novel Care Delivery
- Digital Consumer
- Digital Health
- Data & Security
- Value-based Care
- Home-based Care
- Workforce Development & Training
“Ochsner is thrilled to expand support for promising and innovative companies that are home-grown right here in Louisiana. We know there continues to be great opportunity to improve and reimagine how we deliver care, and we are looking for those companies that bring new ideas, energy, and solutions to the table. Any company we fund and partner with will have access to incredible breadth and depth of healthcare expertise and experience, and we are so grateful for the federal and state support that will only amplify our impact.”
- Aimee Quirk, CEO of Ochsner Ventures
State Small Business and Credit Initiative (SSBCI)
On March 11, 2021, President Biden signed The American Rescue Plan Act, which reauthorized and funded the State Small Business Credit Initiative (SSBCI). The new version of the SSBCI program provides a combined $10 billion to empower small businesses to access capital needed to invest in job-creating opportunities as the country emerges from the pandemic. Treasury awarded Louisiana up to $113 million through the program to support small business growth.
Ochsner Ventures in conjunction with the Louisiana Economic Development Corporation (LEDC) will use funds from the SSBCI program to provide capital support to Louisiana entrepreneurs making an impact on healthcare in the Louisiana. Click here to learn more about the SSBCI program and LEDC.
