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General Information



120 Albany Street, Tower II
Suite 850
New Brunswick, NJ, 08901


Vice President
Vice President
Board Of Directors
Board Of Directors
Board Of Directors
Board Of Directors


Foundation Venture Capital Group

The Foundation Venture Capital Group, LLC, was initially funded by the New Jersey Health Foundation with $5 million to invest.

Because Foundation Venture Capital Group directly invests in the development of new start-up companies that most likely would not have been formed without outside support, it will bring much needed support to these companies to fund emerging medical breakthroughs in research and technology.

According to James M. Golubieski, president, this concept can prove to be transformational for the overall mission of the New Jersey Health Foundation which provided the original $5 million funding, for researchers at UMDNJ who are involved in these innovative projects and for patients who will be able to take advantage of the new products and technologies that will result from this effort.

Once a company is established with seed funding, Foundation Venture Capital Group will seek to work with other traditional venture capital companies to help advance these technologies.

Recent Milestones


Company Date Round Size Participants
NovoPedics 4/2013Venture Round$500k1
Actinobac Biomed 2/2013Series B$100k1
MentiNova 1/2013Venture Round$500k1
GeneAssess 7/2012Venture Round$500k1
Affineti Biologics 6/2011Venture Round$500k1
Actinobac Biomed 3/2009Venture Round$500k1



  1. NovoPedics Raises $500K from Foundation Venture Capital Group ( [edit]
  2. Foundation Venture Capital Group Commits Second Round of Funding to Actinobac Biomed ( [edit]
  3. MentiNova Raises $500,000 for Parkinson’s Treatments ( [edit]
  4. GeneAssess Receives $500K from Foundation Venture Capital Group ( [edit]
  5. Affineti Biologics Receives $500K Investment from Foundation Venture Capital Group ( [edit]
  6. Actinobac Biomed Receives Venture Capital Commitment ( [edit]
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Last Edited 3/21/14

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