Health system intelligence profile
University Hospitals
Editorially verified · Last reviewed August 30, 2026
Intelligence summary
Established 2018
UH Ventures is University Hospitals' combined innovation, technology transfer and venture investment organization, which it describes as the front door for innovation at the system. It operates a Living Lab that partners with companies on trials and pilots inside UH facilities, invests in companies that have been validated internally or generated from its own innovation pipeline, and runs a technology commercialization office for employee inventions. Areas of interest include health IT, medical devices, diagnostics, digital therapeutics, wellness and enterprise operations. It also serves an economic development role as an anchor institution in Northeast Ohio, including through the Veale Initiative. The group both invests externally and develops internal caregiver ideas into companies.
Documented successes: Named to Becker's '51 Health Systems with Great Innovation Programs' for 2024; expanded a medtech partnership reported by Becker's Hospital Review; maintains a growing investment portfolio described by the organization as showing returns; Investments include TailorMed, Lazurite (surgical devices), Renalis (an $824,000 pre-seed round in September 2021), Axuall (a $10.4 million Series A in July 2021) and Conversa Health (a $20 million Series B in January 2021); co-invests with other health system venture arms including Inception Health and Ballad Ventures; runs the UH Caregiver innovation program for employee ideas
Mandate and remit
UH Ventures is University Hospitals' combined innovation, technology transfer and venture investment organization, which it describes as the front door for innovation at the system. It operates a Living Lab that partners with companies on trials and pilots inside UH facilities, invests in companies that have been validated internally or generated from its own innovation pipeline, and runs a technology commercialization office for employee inventions. Areas of interest include health IT, medical devices, diagnostics, digital therapeutics, wellness and enterprise operations. It also serves an economic development role as an anchor institution in Northeast Ohio, including through the Veale Initiative. The group both invests externally and develops internal caregiver ideas into companies.
These routes appear in the program's sourced public record.
Fund or office: UH Ventures
UH Ventures is University Hospitals' combined innovation, technology transfer and venture investment organization, which it describes as the front door for innovation at the system. It operates a Living Lab that partners with companies on trials and pilots inside UH facilities, invests in companies that have been validated internally or generated from its own innovation pipeline, and runs a technology commercialization office for employee inventions. Areas of interest include health IT, medical devices, diagnostics, digital therapeutics, wellness and enterprise operations. It also serves an economic development role as an anchor institution in Northeast Ohio, including through the Veale Initiative. The group both invests externally and develops internal caregiver ideas into companies.
Documented successes
Named to Becker's '51 Health Systems with Great Innovation Programs' for 2024; expanded a medtech partnership reported by Becker's Hospital Review; maintains a growing investment portfolio described by the organization as showing returns; Investments include TailorMed, Lazurite (surgical devices), Renalis (an $824,000 pre-seed round in September 2021), Axuall (a $10.4 million Series A in July 2021) and Conversa Health (a $20 million Series B in January 2021); co-invests with other health system venture arms including Inception Health and Ballad Ventures; runs the UH Caregiver innovation program for employee ideas
Organizational home: UH Ventures, University Hospitals
Use the program's published contact route for partnership, licensing, innovation, or program inquiries.
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Reviewed August 30, 2026. External source links open in a new tab.
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