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John Shufeldt Establishes a New Era in Medical Education at Arizona State University

In a groundbreaking initiative, Xcellerant Ventures and Jetstream Venture Fund are proud to unveil the formation of the John Shufeldt School of Medicine and Medical Engineering at Arizona State University (ASU). This ambitious project comes to life through an extraordinary nine-figure donation from Dr. John Shufeldt, marking one of the largest gifts in ASU's illustrious history.

A Transformational Gift

Dr. Shufeldt's significant contribution is not just financial; it represents a forward-thinking vision for the future of healthcare education. The school aims to synthesize the fields of medicine, engineering, and entrepreneurship, producing a new generation of clinician-innovators capable of significantly enhancing patient care with cutting-edge technology, compassion, and leadership. The school has already received preliminary accreditation from the Liaison Committee on Medical Education and is set to welcome its inaugural class in 2026.

Bridging Innovation and Accessibility

This initiative goes beyond traditional medical education. Jetstream Venture Fund, established under the umbrella of Xcellerant Ventures by Dr. Shufeldt, reflects his broader mission to enhance access to both medical education and venture capital investment. Mike Shufeldt, General Partner at Xcellerant, emphasized the overlap between these two initiatives: "John's gift to ASU represents the same vision that drives Jetstream. It's about creating access, whether that is premium medical education or investment opportunities—both empower individuals to participate in innovations shaping the future."

Jetstream Venture Fund is designed to democratize venture investing, allowing entry into early-stage investments with a minimum of just $20,000. This fund seeks to cut through the barriers typically associated with traditional venture capital, concentrating on sectors poised for rapid growth, including HealthTech, MedTech, and BioTech. Dr. Shufeldt describes the fund as a vehicle that will enable investors to be part of the transformation occurring in healthcare technologies.

Innovative Partnerships for Future Health

The John Shufeldt School of Medicine and Medical Engineering is poised to make a substantial impact not only at ASU but also across the health innovation landscape in the United States. The institution will foster collaborations with HonorHealth and various ASU colleges, such as the Edson College of Nursing and Health Innovation and the College of Health Solutions.

Echoing the potential of this partnership, Chris Yoo, Managing Partner at Xcellerant Ventures, stated, "The connection between ASU Health and Jetstream fosters a unified vision, allowing us to invest in transformative ideas and individuals who will reshape medicine's future."

As ASU moves forward in recruiting its pioneering class for 2026, Jetstream and Xcellerant Ventures are ready to support an emerging generation of entrepreneurs and innovators at the crossroads of medicine, engineering, and business. This venture signifies a significant advance in creating a health innovation ecosystem where ideas can flourish and make a tangible difference in patient care.

About Jetstream Venture Fund

Jetstream Venture Fund serves as an interval fund managed by Xcellerant Ventures and Sweater Industries LLC. It aims to deliver access to early-stage, high-growth companies with less stringent financial requirements than conventional funds. As one of the pioneering funds of its type, Jetstream brings venture-style investment opportunities to a broader audience without the typical hurdles of high minimum investments and carried interest. For more details, visit Jetstream Website.

Before investing in Jetstream, potential investors should carefully weigh the objectives, risks, charges, and expenses of the fund, as detailed in the prospectus available at their website.

For inquiries, the media contact is Dawson Fearnow at MMPR Marketing.