Early-stage venture capital fund St Paul Venture Capital has joined with TriCardia to form a company that aims to identify promising product concepts that can form the basis of marketable intellectual property or early-stage cardiovascular device companies. TriCardia Venture will seek to exploit the access to entrepreneurs and experts in the device field enjoyed by TriCardia, while St Paul will provide the pre-seed capital that will enable completion of research or other proof of concept work. Robert Van Tassel of TriCardia and Robert Schwartz of St Paul Venture Capital, are among the principals. TriCardia was set up to consult with medical device companies in the development of new products and has an extensive network of consultants.
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