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100 N Queen St #300, Lancaster, PA 17603, United States
Aspire Ventures has partnered with Penn Medicine Lancaster General Health to launch a unique impact fund called the Precision Medicine Fund. This fund aims to fast-track precision medicine technologies and practices that leverage AI and IoT to deliver affordable, individualized solutions on a large scale. Aspire Ventures operate as General Partners in this fund and employs a unique structure that provides ventures with an ecosystem of strategic partnerships and accelerators throughout the development process. This approach drastically reduces the time and capital required to bring innovative precision medicine technologies to market. Aspire accelerates early-stage ventures by providing support services, established processes, and proprietary technology components such as the adaptive AI platform, A2I. This platform optimizes algorithms with AI, minimizing the resources required to develop AI-powered solutions. LG Health contributes by dedicating clinical expertise and proprietary health data to speed up R&D and streamline the FDA approval process. Additionally, the Smart Health Innovation Lab aims to facilitate healthcare market adoption and insurance reimbursement, integrating new technologies through their certification program.