Venture philanthropy can be narrowly defined as philanthropic capital invested in for-profit ventures to achieve both social and financial returns. But venture philanthropy is also a mindset, one that views all funding as an investment with expectations of efficiency and oversight, and with the goals of supporting innovation and tolerating high levels of risk. Non-profits in the biomedical space are increasingly adopting a venture-philanthropy approach to advance new treatments, while using investment profits to fuel additional R&D activities. In this session you will hear from an emerging cadre of nonprofit innovators offering solutions that address the unmet needs of patients—and the rest of the biomedical ecosystem.