Foxconn, Advocate Aurora Health, Johnson Controls, and Northwestern Mutual have banded together to create a $100 million venture capital fund to invest in early-stage companies that promote innovation. Each will contribute $25 million to form the Wisconn Valley Venture Fund to invest in early-stage companies that create innovative solutions and ideas within health care, technology, manufacturing, and financial services.
According to an Advocate Aurora Health Care release, the goal of the fund is to generate strong investment returns, offer an opportunity to create strategic benefits among the firms and the companies in which the fund invests, and to position southeastern Wisconsin as a global technology hub.
