To support our vision for health equity for all Californians, CHCF is launching the CHCF Health Equity Fellowship Program. The mission of this program is to identify, develop, and support emerging Black, Indigenous, and People of Color (BIPOC) leaders who have the capacity to become local and regional catalysts for health equity across California.
The fellow in this specialty will be part of CHCF’s Health Innovation Fund team and report to Melissa Buckley, director, Innovation Fund, who leads the work.
CHCF works to build a strong foundation for delivering meaningful change in California’s health care system by providing timely research, supporting health care journalism, training leaders, and developing cross-sector networks. See examples of work in this area.
As part of this work, CHCF launched the Health Innovation Fund in 2011 to invest in emerging companies, to bring the best innovations and technology to the providers, health systems, and payers serving Californians, particularly within Medi‐Cal. The fund invests in mission‐aligned, venture‐backed technology companies that are well positioned to scale in California. The fund makes a direct financial investment in the company and offers grants to safety-net partners to support adoption. Learn more about the fund and its portfolio of companies.
This year, our team will expand the Innovation Fund, currently focused on Series A through C (growth stage), to include seed-stage companies. Our expanded approach will provide mission-aligned entrepreneurs with critical investment capital and network-building support. We have identified the seed stage as a juncture where systemic barriers to advancement make it especially challenging for underrepresented founders to gain the kind of investment capital needed to grow their enterprises to reach full potential. Expanding our investment strategy to include seed-stage companies, where traditionally underrepresented entrepreneurs, specifically BIPOC founders, are more prevalent, will allow us to bring essential diversity in leadership to the companies in our pipeline and portfolio, and beyond that to better serve our mission of improving health care delivery in California.
This fellowship is an opportunity for a BIPOC investment professional to gain experience in impact investing in tech-enabled health care services. Broadly, the fellow will support analysis related to investment opportunities aligned with CHCF’s mission and the spread of innovation at scale in the safety-net delivery system. Specifically, the fellow will help shape strategy and launch activities to support underrepresented founders and investors in tech-enabled health care services.
The exact responsibilities of the fellow will depend on the particular skills and interests of the fellow as well as rapidly shifting needs at CHCF and in the field. Representative duties will include these:
Support the creation of seed-stage investing program for underrepresented founders:
- Work with the team to identify seed-stage investment opportunities that align with CHCF’s mission of improving access to, and the quality of health care for, underserved communities in California.
- In partnership with the team and external consultants, help to further define the focus of the seed-stage investing program, using data and other feedback to inform a demographic strategy around which groups of founders would be best served by this particular type of funding.
- Develop key partnerships with health technology investors and entrepreneurs focused on emerging companies and underrepresented founders in health care.
- Establish marketing/sourcing strategy, develop application process, and facilitate selection meetings.
- Evaluate success of seed-fund program and identify opportunities for improvement.
Source growth-stage investment opportunities:
- Understand challenges in the health care delivery system and identify companies that provide technology solutions.
- Evaluate potential investments through financial due diligence, market research, and competitive analysis.
- Seek input and buy-in from colleagues across the foundation to strengthen investment thesis.
Support existing portfolio companies to gain market traction:
- Support grant work that may be paired with an investment, including evaluation of innovations in the safety-net setting.
- Collaborate on health equity projects and champion culturally responsive technology solutions.
Strengthen networks and reputation of CHCF and the Innovation Fund:
- Be a visible presence for CHCF at local events and conferences.
- Support external engagement efforts and multimodal media content, such as blog and video, to bolster CHCF’s reach and reputations.
- Produce market reports on challenges and technology solutions.
- Make best use of CHCF’s platform to highlight the work being done by underrepresented founders, particularly Black, Latinx, and women leaders making important contributions to accelerating DEI in the field of HealthTech.
Learn more about the CHCF Health Equity Fellowship Program, including our vision for the program, desired qualifications, and general application process.