Lab-tech accelerator opens in Edmonton

EDMONTON – Company recruitment is now open for the DynaLIFE Accelerator, a new partnership between DynaLIFE, TEC Edmonton and Health City. Set to open June 2018, the program will validate cutting-edge diagnostics technologies in a real-world lab setting for approval into the healthcare system.

Diagnostics companies with well-developed technology can apply to the inaugural cohort and receive:

• Clinical samples
• Wet lab space at DynaLIFE headquarters in Edmonton
• Mentorship from DynaLIFE, TEC Edmonton and other strategic partners
• Funding to support the advancement of their technology

“Who knew almost half of clinical research in Alberta is focused on diagnostics technology? Those new diagnostics need a place where they can reach the finish line to real-world clinical application and commercialization,” says Jason Pincock (pictured), DynaLIFE CEO. “This accelerator will help ensure we use our research in Alberta first and build companies that develop and export these technologies to the world.”

“Alberta produces excellent technologies with commercial potential. Getting to a viable marketable product is a hurdle this accelerator will help Alberta companies achieve,” says Reg Joseph, Edmonton Health City CEO.

“This will be the third accelerator to open in partnership with TEC Edmonton over the last 18 months,” says Chris Lumb, TEC Edmonton CEO. “This demonstrates how innovation and entrepreneurship is thriving in the region and we’re thrilled to be a part of it.”

The DynaLIFE Accelerator is now accepting applications. Program and eligibility information is available here: TECEdmonton.com/DynaLIFEAccelerator.

About TEC Edmonton

TEC Edmonton is a business accelerator that helps emerging technology companies grow successfully. As a joint venture of the University of Alberta and Edmonton Economic Development Corporation, TEC Edmonton operates the Edmonton region’s largest accelerator for early-stage technology companies and manages commercialization of University of Alberta technologies. TEC Edmonton delivers services in four areas: Business Development, Funding and Finance, Technology Management, and Entrepreneur Development. Since 2011, TEC clients have generated $915 million in revenue, raised $444 million in financing and funding, invested $246 million in R&D, and grown both revenue and employment by 20 percent per year and now employ over 1,900 people in the region. TEC has assisted in the creation of 27 spin-off companies from the University of Alberta in the last six years. TEC Edmonton was named the 3rd best University Business Accelerator in the world by the University Business Incubator (UBI) Global Index in 2018. For more information, visit www.tecedmonton.com.

About DynaLIFE

DynaLIFE is Alberta’s largest privately owned clinical laboratory. Headquartered in Edmonton, they employ over 1,200 medical, technical, and support staff throughout central and Northern Alberta. DynaLIFE performs over 18 million publicly funded laboratory tests annually for 1.5 million Albertans in its state of the art laboratories. DynaLIFE is recognized as one of Canada’s Best Managed Companies and as one of Alberta’s Top 70 Employers. DynaLIFE Medical Labs is accredited by the College of Physicians and Surgeons of Alberta and carries international accreditation through the College of American Pathologists. DynaLIFE is a key training facility for laboratory training in Western Canada. For more information about DynaLIFE Medical Labs, visit www.dynaLIFE.ca.

About Health City

Health City is a cluster-led economic development initiative that leverages Edmonton’s health assets to position the city as a premier location for health innovation and health industry to grow. Health City operates in the space between existing and traditional health industry partners, building pathways and ease of access for innovation to become products in the marketplace. Health City’s focuses on business development, attraction and retention, navigation, stakeholder relations, advocacy, and marketing the Edmonton advantage. For more information on Health City, visit www.edmontonhealthcity.ca.