Google announced Wednesday that it would set up a $10 billion fund aimed at helping healthcare companies develop and launch healthcare-related products and services, with a focus on products that can reduce or prevent the onset of chronic disease.
The fund will invest $5.2 billion in startups that provide care and support services to people who have serious illnesses.
The money will be used to accelerate the launch of products that will help people with chronic diseases.
Google is also partnering with other healthcare companies and foundations to raise the funds.
The announcement comes as healthcare startup companies continue to struggle to attract funding, and as President Donald Trump has warned his fellow Americans that they may not be able to afford to pay for their healthcare if Congress does not act to keep the government running.
