New help for European startups

Johnson & Johnson Development Corp. and Rothschild Asset Management have established Healthcare Ventures Ltd. in the U.K. to identify, develop and manage seed stage investments in Europe based on novel medical technologies.

Once the new company identifies technology with potential to form the basis of a company, investments will be made on a 50-50 basis by J&J and Rothschild, said Healthcare Ventures CEO Fiona Marston...