Rich Wilmot is the Head of Health Technology Ventures at the Philips North America Corporation. Rich has spent the past fifteen years of his career advising and supporting entrepreneurs as an investor, mentor, and educator.
Rich has spent the past fifteen years of his career advising and supporting entrepreneurs as an investor, mentor, and educator. His unique career experiences as an entrepreneur, a leader in both academic and corporate venture capital formation and execution, and prior financial advisory roles deliver a comprehensive view on how to build, execute, and finance new businesses.
Beyond Tufts, Rich leads the venture capital program at Philips. Rich was responsible for designing and building the corporate venture practice from scratch three years ago, which now boasts a portfolio of over 120 companies (both direct investments and indirect investments through Philips venture fund positions). The Philips venture capital portfolio includes companies founded and based in the U.S., Europe, and Asia, as well as Philips investments in 10 different venture capital funds.
Prior to Philips, Rich was responsible for all digital health and medical device investing for the Partners HealthCare internal venture fund. During his time, Rich helped Partners spin out 15+ companies which collectively raised north of one hundred and fifty million dollars. Before joining Partners, Rich successfully raised venture capital funding for a healthcare software startup where he was a co-founder, and spent several years early in his career in the investment banking field helping larger more mature healthcare companies access both the public equity and debt markets to raise new capital.
Rich currently serves on the board of three Philips portfolio companies, and holds observer roles with several more. He is a graduate of Harvard, and is entering his second stint as an entrepreneurial finance instructor at Tufts having taught the class from 2011-2014.