Advocate Aurora Health, Foxconn Technology Group, Johnson Controls and Northwestern Mutual will came together as equal partners to create the new $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 latest step by the companies in their commitment to advancing innovative technology and positioning southeastern Wisconsin as a global technology hub. The goal of the fund is to generate strong investment returns while also offering the opportunity to create strategic benefits among the four firms and the companies in which the fund invests.
Read more in the Milwaukee Journal Sentinel.