EDMONTON, AB, Oct. 23, 2024 /CNW/ – MEDTEQ+ and AGE-WELL proudly announce the first 16 collaborative projects resulting from an unprecedented national mobilization through envisAGE, an initiative created to propel Canada to the forefront of the AgeTech sector and foster quality aging nationwide.
Each project brings together a small or medium-sized enterprise (SME) with a later-stage technological solution, an envisAGE Beachhead™ or an Innovation Hub, experts that will assess the integration of the solution, and a Community Lab, such as an organization working with seniors and caregivers, in a real-world setting where the solution will be implemented.
In all, the projects involve 16 SMEs and 11 organizations across Canada and will receive a combination of funding, expert coaching, and supportive resources through envisAGE to grow and scale innovations and ensure they meet the needs of older adults.
“Innovations in AgeTech are helping seniors age with dignity. By investing in these new technologies and developments, we’re helping Canadian seniors age on their terms and supporting the continued growth of Canadian businesses and start-ups”, said the Honourable Steven MacKinnon, Minister of Labour and Seniors.
“Our government wants to ensure the best possible health and wellness outcomes for Canada’s seniors, and leveraging innovation is key to achieving this goal. These first projects from envisAGE, demonstrate the power of collaboration to quickly grow small businesses at the cutting-edge of AgeTech, into the industry leaders of tomorrow. This investment will help to ensure Canada remains a world leader in this sector, and that Canadian seniors continue to benefit from innovations”, added the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry of Canada.
The total ecosystem investment in these 16 projects amounts to almost $20M, including contributions from collaborative partners and $5M through the envisAGE initiative which is supported by the Government of Canada’s Strategic Innovation Fund.
“We are delighted to support these projects that enable SMEs to deliver solutions directly to older adults, caregivers, and health care and service providers, while mobilizing industrial, academic, clinical and community sectors across Canada. This shows that together, we can make a real difference in our quality of life as we age and that technology should be among the solutions,” said Sabrina Boutin, Executive Director of envisAGE and Vice President of MEDTEQ+.
“The truly collaborative nature of these projects is critical to driving success, achieving impact, accelerating access to innovation, and building Canada’s leadership in the AgeTech sector,” she added.
The following collaborative projects were announced during the envisAGE 2nd Annual Forum, held today in Edmonton:
The projects were selected through an evaluation process that included external experts as well as relevancy reviews conducted by older adults and caregivers.
The envisAGE ecosystem includes five innovation hubs announced in late September that offer expertise in key areas so that new technologies can be tested and adopted in different settings across Canada.
Read more about all collaborative projects here.
2nd Call for Innovations
A 2nd Call for Innovations was also launched today. Canadian small and medium-sized enterprises (SMEs), organizations providing services, programs, or care, and community organizations are invited to present their AgeTech project by submitting their Letter of Intent before December 2, 2024.
To apply or consult the Applicant Guide for the 2nd Call for Innovations.
QUOTES:
“MEDTEQ+ is proud to be driving innovation for quality aging through the pioneering envisAGE initiative. The impressive projects announced today stand out for their innovative approaches and readiness to be integrated at community sites. They represent the first of many to come. By investing in the aging ecosystem, envisAGE is poised to deliver solutions to Canadians, create new jobs, generate economic benefits, and bolster Canada’s leadership in AgeTech. Once again, MEDTEQ+ is demonstrating its leadership and leveraging its unique expertise to serve real needs.”
Annie-Kim Gilbert, President and CEO, MEDTEQ+
“As co-lead of envisAGE, AGE-WELL warmly congratulates the exceptional teams behind today’s newly announced projects which offer much-needed technologies. AgeTech is one of the greatest tools we have to concretely enhance the well-being, independence, and quality of life of older adults, and to support caregivers and health professionals. Through envisAGE, we will produce a diverse portfolio of innovative solutions for an aging population, while propelling Canadian companies into growing national and international AgeTech markets.”
Dr. Alex Mihailidis, Scientific Director and CEO, AGE-WELL
About envisAGE
MEDTEQ+, a leader in accelerating innovation and supporting entrepreneurs in the Canadian MedTech industry, and AGE-WELL, Canada’s leading research and innovation network in AgeTech, have joined forces as co-leads in envisAGE. This large-scale pan-Canadian five-year initiative brings stakeholders together to provide resources and support to small and medium-sized enterprises (SMEs) to integrate technologies that address the challenges of aging and build Canadian leadership in the AgeTech market. The envisAGE initiative is funded through the Government of Canada’s Strategic Innovation Fund, with additional contributions of 4.5 million from the Government of Quebec., industry, non-profits, and other partners. To learn more about envisAGE, visit: www.envis-age.ca
About MEDTEQ+
MEDTEQ+, a pan-Canadian consortium for industrial research and innovation in healthcare technologies, aims to accelerate the development of innovative technological solutions to improve people’s health and quality of life. MEDTEQ+ supports the validation of these technologies, their integration into the healthcare network, their commercialization, as well as their local and international outreach, by bringing together the complementary skills of industrial and institutional partners and healthcare providers. MEDTEQ+ offers support, subsidies, and investment services to innovative companies. Since December 2022, MEDTEQ+ has also been the lead partner in the envisAGE initiative, which aims to catalyze the AgeTech ecosystem and help companies grow and scale in the AgeTech market. MEDTEQ+ relies, among other things, on financial support from the Government of Quebec, the Government of Canada, the private sector, and complementary partners to foster research-industry relationships. www.medteq.ca
About AGE-WELL
AGE-WELL is Canada’s Technology and Aging Network. As a pan-Canadian network with global reach, AGE-WELL has mobilized a vast community of researchers, older adults, caregivers, partner organizations, and future leaders to accelerate the delivery of technology-based solutions that make a meaningful difference in the lives of older Canadians and their caregivers. AGE-WELL serves as a catalyst for technological innovation that supports healthy aging while driving Canada’s growing AgeTech sector. AGE-WELL’s groundbreaking programs are funded by the Government of Canada through Innovation, Science and Economic Development Canada, the Canadian Institutes of Health Research, and the Networks of Centres of Excellence program. Since December 2022, AGE-WELL has been a co-lead in the envisAGE initiative, which aims to catalyze Canada’s AgeTech ecosystem by helping companies deliver technology solutions that will change the lives of Canadians. envisAGE is funded through the Government of Canada’s Strategic Innovation Fund.
www.agewell-nce.ca
SOURCE AGE-WELL
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