GRAND RAPIDS — Spectrum Health has formed a new venture capital fund that could invest up to $100 million into health care-related companies over the next decade, MiBiz has learned.

The new fund, Spectrum Health Ventures LLC, plans to invest in companies commercializing new technologies, products and services that improve patient health and drive down costs, according to a senior executive at Grand Rapids-based Spectrum Health.

Creating a corporate venture capital fund that would co-invest with other health systems around the U.S. can put Spectrum Health at the forefront of developing and accessing medical innovations for care locally, said Roger Jansen, chief strategy officer at the health system.