Circle Innovation allocated $4.7 million in PacifiCan funding to 46 projects from 37 healthtech companies across British Columbia.
Today’s fall announcement at Simon Fraser University demonstrates a strong commitment to co-invest alongside PacifiCan and our industry partners. It is another meaningful step our organization can take to ensure technology breakthroughs translate into tangible benefits for patients across our province.
With the $4.7 million in PacifiCan funding, supplemented by a $2 million contribution from industry partners, the $6.7 million has been allocated to 46 projects from 37 companies, ranging from $13,000 to $229,000. Emerging technologies that have advanced as a result of this funding include the application of SaaS in healthcare, addressing the needs of patients and caregivers to improve their quality of life, and employing technology, ultimately alleviating the ongoing challenges within the healthcare sector.
Working together with Simon Fraser University (SFU), this flagship endeavour extends eligible companies’ access to Circle Innovation’s network of healthcare technology experts, empowering them to expedite product development, scale their businesses, gain a deeper understanding of user requirements, explore new markets, and spearhead innovative technological solutions. The ongoing collaboration between PacifiCan and Circle Innovation is poised to generate approximately 85 jobs, provide training for over 600 workers in British Columbia, and bolster the growth of over 40 SMEs, with the goal of generating $14 million in revenue within the province by 2025.
For more information: https://lnkd.in/gTUUTeZy
