Investments in mobile healthcare applications are soaring – in the US at least!
According to MobihealthNews, the investments in mobile health applications in the United States increased more than twice from 2010 to 2011, based on total investments of $ 233 million in 2010 and counting over $ 500 million in 2011. Last year also brought a large number of new investment firms to the table, such as Qualcomm creating a $100 million wireless health venture fund (Qualcom Life Fund), the Washington D.C.-based investor group Hickory Ridge, setting up a $50 million investment fund to jump-start development in the mobile health market and the West Health Investment Fund, launching a $100 million investment fund in October.
The scene on the Canadian side, it is quite different: while overall VC investments increased by 51% in the 3rd quarter of 2011 to C$ 388 million, very few investments were relating to mobile health investments. Latest announcements in Q4 include Quebec-based TechnoWait launching its virtual waiting room application in November 2011 and MaRS Innovation which announced end of December 2011 an investment in VitalHub, a spin-off of Toronto’s Mount Sinai Hospital focusing on mobile, hand-held technologies for doctors, nurses and administers.
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