MISSISSAUGA, ON, May 12, 2021 /CNW/ – As the fight against COVID-19 continues it is more important than ever to support Canada’s innovative and cutting edge health care companies. The federal government is committed to supporting Canadian businesses start up, scale up and access new markets to sell their made in Canada solutions around the world.
The CAN Health Network is an integrated market which reduces barriers to procurement so health-tech companies can quickly and easily bring their innovations to the healthcare sector. It serves as a platform for companies to provide solutions to meet the needs of Canadians and our healthcare organizations.
Today, the Honourable Mary Ng, Minister of Small Business and Export Promotion, announced a one-year extension of the CAN Health Network project in Ontario, with an investment of $3.25 million in Trillium Health Partners through FedDev Ontario. This builds on the government’s previous $3.5 million investment in 2019, which launched the network in Ontario and supports 15 companies to bring solutions to market. With this extension, bringing total support to $6.75 million, an additional 10 companies will benefit from the Network’s approach to facilitating purchases of made-in-Canada healthcare solutions by domestic healthcare centres.
Minister Ng also announced a more than $2.2-million investment for the Horizon Health Network through the Atlantic Canada Opportunities Agency (ACOA) to support the expansion of the CAN Health Network to Atlantic Canada. Working with the Atlantic innovation ecosystem, CAN Health will identify promising Atlantic companies to partner on commercialization projects through an open and transparent procurement process, with the objective of bringing new innovative solutions to the healthcare system that are developed in Atlantic Canada to scale across Canada and abroad.