New Healthcare Venture Fund to be Announced by Two Colorado Companies at "The HempZone," at the Rockies Venture Club Cannabis Capital Summit in Denver on May 29, 2014
Colorado Springs, CO, May 28, 2014 --(PR.com
)-- Today, Mike Schmidt (of Ensemble Ventures, LLC., located in Colorado Springs, CO) and Sean Murphy (of Miracle Ventures, LLC., located in Denver, CO) announced their plans to create an Alternative and Complementary Healthcare Fund called the “Miracle Fund" to develop innovative entrepreneurs and their companies in a wide variety of healthcare treatments and therapies for treating stress, chronic diseases, debilitating cancers, and palliative end-of-life-care needs for an aging and healthcare challenged population.
The Miracle Fund History, Purpose and Vision:
The journey to begin the Miracle Fund started at the West Los Angeles VA Medical Center. As a hospice volunteer there, Mr. Murphy conceived the vision for Miracle Ventures when he personally saw – at the bedside of dying veterans – the incredible need for advancements in palliative and end of life care. He was determined to find out if there were better ways to reduce and eliminate the physical and mental suffering many veterans were enduring. His first hand experience in hospice – coupled with a Notre Dame education in social justice, entrepreneurism and impact investing – ultimately led to the creation of the Miracle Fund.
In addition, Mr. Schmidt had been previously exploring the creation of a Healthcare Venture Cluster in Colorado Springs over the course of the last several years after working with a number of companies using mild hyperbarics, mobile medical communications, and digital electronic health records. After 30 years of business and start-up company experience around the world, and participating in many new “industry” roll-outs, Mr. Schmidt realized the two entrepreneurs needed to "team-up" and create the Miracle Fund.
The Miracle Fund's Purpose... The Miracle Fund will aim to support the development of a Healthcare Venture Cluster in Colorado that will align and leverage a wide variety of healthcare entrepreneurs, companies and technologies together into a networked cluster of solutions, mentors, and opportunities providing a "built-in" portfolio of companies for the Miracle Fund to invest in, develop and grow.
Commercial Focus of The Miracle Fund:
The Miracle Fund will initially pursue companies and innovations in Colorado, California and Nevada, (as the regulatory and legislative landscape has become much more attractive for an impact fund of this type), with the goal of expanding nationally and internationally in 1-2 years. The Miracle Fund will focus on Complimentary, Alterative and Integrated healthcare investment opportunities including products and services in the areas of stress reduction, mental health, diet and nutrition, homeopathy, naturopathy, hyperbaric oxygen-therapy, and energy medicines.
In addition to its investment focus, the Miracle Fund will do initial exploration and due diligence in the area of HEMP-based medicinal oils and edible food products where the utilization of the non-psychoactive parts of the cannabis plant are used for medical benefit. These non-psychoactive parts of the cannabis plant include Phytocannabinoids such as Cannabidiol (CBD) and Cannabinol (CBN) which are gaining the acceptance and endorsements of leading medical researchers and doctors, including CNN’s chief medical correspondent Dr. Sanjay Gupta. The Miracle Fund will not pursue any companies or innovations using Delta-9-tetrahydrocannabinol (THC), the psycho-active Phytocannabinoid found in cannabis that stimulates cannabinoid receptors in the brain that gets people "high." Instead, the Miracle Fund will pursue only companies creating products and services that are safe, and legal.
The HempZone at Cannabis Capital Summit:
In April, when RVC announced their upcoming Cannabis Capital Summit, the partners knew this was the place to announce their new alliance, the venture fund, and their shared vision pursuing innovations in the Alternative Healthcare marketplace.
The HempZone will feature four areas of education and information for Cannabis Capital Summit attendees:
1. To introduce the Denver and greater Colorado business community to the economic viability, power and potential of Hemp in both industrial and healthcare sectors of the marketplace.
2. To feature five Hemp based companies with various Hemp production or product supply enterprises.
3. To provide a variety of Hemp educational opportunities to enable Cannabis Capital Summit attendees to get a well rounded and professional introduction to industrial Hemp and its potential.
4. To introduce Ensemble Ventures and Miracle Ventures and its business development initiatives for driving alternative healthcare companies and solutions.
Current Status of the Fund:
Currently Ensemble Ventures and Miracle Ventures are in the initial stages of forming and launching the Miracle Fund, and plan to have it up and operational by the third quarter of 2014. Some of the companies the Fund is looking at supporting will be exhibiting in the HempZone in Denver on the May 29th.
Information on the RVC Cannabis Capital Summit: and HempZone Venue:
When: Thur - May 29, 2014
Mile High Station
2027 Old West Colfax Ave.
Denver, CO 80204
Time: 8:00AM - 7:00PM
Contact: The Miracle Fund
Mike Schmidt, General Partner
(Ensemble Ventures, LLC)
Sean Murphy, General Partner
(Miracle Ventures, LLC)