Ontario Collaborates with Med-Tech Innovation Hub in the Fight Against COVID-19
Assistance available for manufacturing companies retooling to support the front lines
TORONTO ― The Ontario government is working with Medical Innovation Xchange (MIX), Canada's first industry-led hub for med-tech start-ups, to provide non-medical manufacturing companies free support as they retool to provide essential supplies and equipment to health care facilities during COVID-19.
With this new collaboration, the government will drive innovation in the sector, create jobs and build Ontario's domestic medical supply chain to ensure the province is as self-sufficient as possible and prepared for a future health crisis.
"Ontario has some of the best and brightest and innovative people in the world and it's critical that we leverage that advantage to better prepare for the future," said Vic Fedeli, Minister of Economic Development, Job Creation and Trade. "Our government's collaboration with Medical Innovation Xchange members is an example of how we are collaborating with our cutting-edge businesses to solve problems, grow our medical technologies sector and build a safer environment for Ontario's health care facilities."
Non-medical manufacturing companies that have received funding through the Ontario Together Fund, or a Purchase Order with the Province of Ontario, can access MIX members' medical advisory services, including assistance navigating regulatory hurdles and increasing efficiencies. By taking advantage of these opportunities, companies can accelerate the delivery of much needed medical supplies and products to the front lines.
To support the development of proposals submitted by businesses and individuals through the Ontario Together web portal and help businesses retool their operations, the government launched the $50 million Ontario Together Fund. All submissions received through the portal are being reviewed and prioritized to focus on solutions that can respond to where the need is greatest and can be implemented quickly.
"MIX was founded to help young domestic medical technology companies navigate the specific challenges in the healthcare sector," said MIX Founder Armen Bakirtzian. "We understand how to be efficient with resources and make the fewest mistakes while accelerating timelines to build critical medical supplies and equipment."