The CHCF Innovation Fund is dedicated to improving access and ensuring high-value care for all Californians, especially focusing on those covered by Medicaid and other vulnerable populations. It aims to achieve this by partnering with and investing in early- through growth-stage companies that bring innovative solutions in technology and healthcare services, facilitating better healthcare outcomes across the state.
The CHCF Innovation Fund's primary goal is to support the development and deployment of innovative healthcare solutions and technologies that can vastly improve the quality of care, reduce the overall costs of care, or enhance access to healthcare services for Californians, particularly those with low incomes. It does so by providing investment capital and network-building support to mission-aligned entrepreneurs. Special emphasis is placed on backing companies founded by Black and Latinx individuals, other people of color, and women, recognizing the unique insights and solutions these founders can bring from their lived experiences. The fund actively seeks out companies that are not only aligned with its mission but also show potential for significant impact on improving healthcare delivery and outcomes for vulnerable populations in California. Through its support, the CHCF Innovation Fund assists these companies in navigating the complexities of the Medicaid system and leveraging opportunities to foster promising commercial relationships in the healthcare sector.