Canadian Healthcare Technology Logo
  • Issues
    • Current Print Issue
    • Print Archive
  • Advertise
    • Publishing Schedule
    • Circulation
    • Unit Sizes and Rates
    • Mechanical Requirements
    • Electronic Advertising
    • White Papers
  • Subscribe
    • Print Edition
    • e-Messenger
    • White Papers
  • Events
  • Vendors
  • About Us

GE Revolution Ascend

GE Revolution Ascend

Enovacom EPC

Enovacom EPC

Innovation

Ottawa invests $10 million in new healthtech hub

August 11, 2021


Melanie JolyWATERLOO, Ont. – The federal government announced a $10 million investment from FedDev Ontario for the University of Waterloo, in partnership with Western University, the City of Kitchener and Medical Innovation Xchange, to establish a health tech innovation hub in the region with partnerships across southwestern Ontario.

Through this project, the University of Waterloo and its partners expect to create 730 skilled jobs, support the development and growth of 135 businesses and commercialize 150 new health-related products, services or processes, leverage $40 million in project funding, and attract over $400 million in follow-on investment in the companies supported.

“Our message has been clear from the beginning of the pandemic: the health of Canadians is our top priority. With this investment, we are fostering made-in-Canada health tech solutions, creating highly skilled jobs, and supporting the businesses that will keep Canada at the forefront of this vital sector,” said Mélanie Joly (pictured), minister of economic development and official languages and minister responsible for the Federal Economic Development Agency for Southern Ontario.

The project will capitalize on the strong pipeline of health tech companies that is emerging in southwestern Ontario to connect them with an integrated suite of services ranging from mentorship and business advisory services, support for health tech product development, and access to specialized labs and clinical trial spaces at the University of Waterloo’s planned Innovation Arena and at Western University.

It will combine the digital technology acceleration strengths of the Waterloo Region with the research hospital-based assets of the London region to provide seamless support to both early-stage and scaling firms.

This project will help anchor a growing number of health tech firms in southwestern Ontario, contribute to regional growth, and attract international start-ups to southwestern Ontario.

“The Government of Canada’s investment into Velocity, the Innovation Arena, and this partnership will create opportunities for startups, scaling companies, researchers, and medical and technology innovators to work together across southwestern Ontario, expanding the pipeline of innovations for Canadians while driving economic growth,” said Dr. Vivek Goel, president and vice chancellor, University of Waterloo.

The Innovation Arena is a planned partnership between the University of Waterloo and the City of Kitchener to further develop the Health Sciences Campus in downtown Kitchener’s Innovation District. It will feature shared product development labs, manufacturing and collaborative office spaces, and will be the new home of Velocity, University of Waterloo’s flagship entrepreneurship program.

Western University’s Schulich Medicine & Dentistry school currently employs more than 2,700 full- and part-time faculty members in clinical and basic medical sciences, dentistry and at Robarts Research Institute.

PreviousNext

CHT print [900×150]

CHT print [900x150]

News and Trends

  • NS improves care by deploying Command Centres
  • Panel identifies threats from faxes, snooping, cyber-attacks
  • Bringing portable X-ray imaging to Canada’s remote communities
  • In Ontario, real steps are being taken to reach EHR interoperability
  • Care-givers need improved technology to reduce stress in the LTC sector
More from the Print Edition

Subscribe

Subscribe

Free of charge to Canadian hospital managers and executives in nursing homes and home-care organizations. Learn More

Follow us on Social Media!

Follow us on Social Media!

Softworks

Softworks

Nihi Spring 2023

Nihi Spring 2023

Advertise with us

Advertise with us

Sectra [Feb]

Sectra [Feb]

Change Healthcare [2]

Change Healthcare [2]

Infoway [March2023]

Infoway [March2023]

Zebra [Mar2023]

Zebra [Mar2023]

RealTime

RealTime

CHT print [900×150]

CHT print [900x150]

Advertise with us

Advertise with us

Sectra [Feb]

Sectra [Feb]

Change Healthcare [2]

Change Healthcare [2]

Infoway [March2023]

Infoway [March2023]

Zebra [Mar2023]

Zebra [Mar2023]

RealTime

RealTime

Contact Us

Canadian Healthcare Technology
1118 Centre Street, Suite 207
Thornhill, Ontario, Canada L4J 7R9
Tel: 905-709-2330
Fax: 905-709-2258
info2@canhealth.com

  • Quick Links
    • Current Print Issue
    • Print Archive
    • Events
    • Vendors
    • About Us
  • Advertise
    • Publishing Schedule
    • Circulation
    • Unit Sizes and Rates
    • Mechanical Requirements
    • Electronic Advertising
    • White Papers
  • Subscribe
    • Print Edition
    • e-Messenger
    • White Papers
  • Resources
    • White Papers
    • Writers’ Guidelines
    • Privacy Policy
  • Topics
    • Administrative Solutions
    • Clinical Solutions
    • Companies
    • Continuing Care
    • Diagnostics
    • Education & Training
  •  
    • Electronic Records
    • Government & Policy
    • Infrastructure
    • Innovation
    • People
    • Privacy and Security

© 2023 Canadian Healthcare Technology

The content of Canadian Healthcare Technology is subject to copyright. Reproduction in whole or in part without prior written permission is strictly prohibited. Send all requests for permission to Jerry Zeidenberg, Publisher.

Search Site

Error: Enter a search term

  • Issues
    • Current Print Issue
    • Print Archive
  • Advertise
    • Publishing Schedule
    • Circulation
    • Unit Sizes and Rates
    • Mechanical Requirements
    • Electronic Advertising
    • White Papers
  • Subscribe
    • Print Edition
    • e-Messenger
    • White Papers
  • Events
  • Vendors
  • About Us