Kansas City-based DST Systems Inc. has teamed with a California venture capital firm on a plan to create or back new businesses with a focus on big data and innovation to improve health care.
Frost Data Capital, in San Juan Capistrano, Calif., combines a business incubator program that supports startups with its venture capital investment funds. It teams with partners to come up with ideas for new businesses and launches them.
In an announcement, the companies said they plan to launch or back two to four health care startups in the next 12 months. These new businesses would form with the idea of accelerating innovation in health care and advancing analysis of big data in the field.
Read more: Kansas City Star