Covidien Ventures is a venture capital group focused on investing in companies developing innovative new medical devices, diagnostics and pharmaceuticals. The firm looks to partner with management teams and other investors to help bring new technologies to the physicians and patients in need of them. Covidien Ventures is the venture capital investment arm of Covidien, the healthcare company spun off by Tyco International. The firm's investment interests are in markets, products, and technologies that are of long-term interest to Covidien. Covidien will invest up to $5 million per financing, depending on the particular stage of development, and the firm will lead, co-lead or participate in a syndicate of investors.