The new fund will target solutions for COVID-19 and future pandemics, remote working/learning, and social distancing
Today, OurCrowd announces the launch of its Pandemic Innovation Fund. We plan to raise $100 million for investment in urgent technological solutions for the medical, business, educational and social needs triggered by global pandemics and other health emergencies.
The rapid spread of the coronavirus has validated our vision of a connected digital world poised to solve any crisis through global communication and rapid response.
This worldwide crisis presents the greatest challenge yet faced by digital technology. The pandemic has accelerated the pace of technology adoption across many domains.
“We saw two years of digital transformation in two months,” said Microsoft’s CEO Satya Nadella.
This new struggle against an invisible threat will result in the creation of new areas of business activity. Some that exist already will expand dramatically: digital medicine; artificial intelligence-powered diagnostics; remote social and business networking; online freight and logistics; one-click cybersecurity and payment systems for small businesses; 3-D printing for vital medical equipment; training for distance learning – just to name a few. Other entirely new industries will appear. [Read more…]