The Breast Cancer Research Foundation is betting $100 million on the next generation of cancer breakthroughs
Fortune Emma Hinchliffe
The Breast Cancer Research Foundation launched a venture philanthropy fund to invest in breast-cancer research startups. The fund is backed by $100 million over 5 years, including an $11 million initial donation and a $12 million bequest. The plan adds AI-linked investments (its first is Clarity Inc. analyzing mammograms) and targets early-stage technologies that fall before traditional venture capital typically invests.
Why it matters
The nonprofit is launching a venture philanthropy fund that will invest in early-stage startups—and reinvest the returns into even more breast cancer research.
