When Domain Associates unveiled an initiative to commercialize new healthcare technologies in China last year, partner Brian Halak said one of the big challenges would be getting biomedical innovators to license their technologies for the huge, but still-developing market. The venture firm, which is based in San Diego and Princeton, NJ, has been thinking outside the box for the past few years in terms of developing new business models for venture investing in the life sciences. Halak told me last year that the concept of Domain’s initiative in China was comparable in some ways to The Foundry, the Menlo Park, CA-based incubator for medical devices.
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