Philips anchors $250 million Dutch VC fund

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Welcome investment news #2:  Philips announced today (Tuesday) that they are joining a new Dutch venture capital fund, Gilde Healthcare III, as an anchor (but minority) investor.  The fund will focus on innovative early and growth stage healthcare technology companies in Europe and the USA which will develop and commercialize healthcare and medical technologies. The fund has a substantial target size of $250 million (EUR 200 million). According to Philips, the VC fund will be fully independent of, and complementary to, existing efforts, including the Philips Healthcare Incubator.  Release.  [Ed. Donna–could this be a ‘first shoe dropping’ as a result of the Intel/GE Healthcare joint venture?  Thud?]