The Government of Canada investing $7 million to support faster commercialization for Canadian MedTech.
On July 29th in Vancouver, the Honourable Mary Ng, Minister of Small Business and Export Promotion and health care leaders from across the country, launched a new network that will scale up companies in the health and biosciences.
“Our government is making these investments to scale up companies and create good jobs for Canadians. The integrated market is an innovative approach supporting technology development and business growth. Through easy access to a large, consolidated domestic marketplace, companies will scale up and be anchored in Canada, commercializing technologies that can be exported around the world,” said The Honourable Mary Ng, Minister of Small Business and Export Promotion.
The Coordinated Accessible Nation Health Network, known as the CAN Health Network is an integrated market comprised of Canada’s leading health care institutions, who will partner with small and medium-sized medical technology (MedTech) companies to tackle pressing health care challenges by developing and improving new health care solutions. By working together, companies will build market-ready products alongside health care organizations, this will allow Canadian companies to compete on a global scale.
“Right across Canada, and especially here in Mississauga, innovative Canadian companies are working hard to develop and commercialize the next great health technologies that could better treat Canadian patients, fight diseases, and ultimately save lives. Our government is proud to support this vital work. Bringing together this national network will enable better knowledge sharing, stronger collaboration, and the faster development of new technologies and treatments. I look forward to seeing the great work that will result from this great project for years to come,” explained the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Member of Parliament for Mississauga-Malton.
The Government of Canada will support a $20 million project to develop the CAN Health Network, with an initial $7 million for the network’s first partners in Ontario and Western Canada. As the lead in Ontario, THP’s Institute for Better Health (IBH) received $3.5 million from FedDev Ontario and Western Canada’s lead Saskatchewan Health Authority (SHA) will receive $3.5 million from Western Economic Diversification Canada (WD).
Trillium Health Partners will lead the coordination of some of Ontario’s most respected health care institutions, to initiate transformation across the health system. To date, the CAN Health Ontario Network includes Bruyère, Grand River Hospital, Prism Eye Institute, SickKids, Sinai Health System, Sunnybrook Health Science Centre, SE Health, University Health Network and Unity Health.
The inaugural regions of the CAN Health Network are Ontario and Western Canada, with plans to span across the nation, from coast-to-coast. Through this Canada-first approach to technology adoption, the CAN Health Network will give health care organizations streamlined access to more customized technology, while driving growth and prosperity among Canadian health care companies and within our economy.
For more information on the CAN Health Network announcement, see the Government of Canada’s news release.
Photo: from left to right, Dr. Deepak Kaura, Lead, CAN Health West Network, Michelle DiEmanuele, President and CEO, Trillium Health Partners, the Honourable Mary Ng, Minister of Small Business and Export Promotion and Dr. Dante.
Photo courtesy of Rich Lam (on Twitter – @RichLamPhoto).