GE announces investment fund for promising new HealthIT solutions.

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GE has announced that the company has created a $250 million fund to invest in HealthIT companies with promising solutions for reducing cost and innovation in technology.

The first recepient of the fund is ONI Medical Systems, Inc., a provider of magnetic resonance imaging services headquartered in Wilmington, Mass.

For all those with great HealthIT ideas, this is the best time to give a shot. This is a big news for to-be entrepreneurs, given that the recession is forcing investment funds to scale down to essential utilities such as green energy and stay away from new ideas.