Innovation Factory Looking for people with projects that drive healthcare technology innovation – bayobserver.ca Hamilton, Burlington & GTA

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Innovation Factory has been helping creators bring their healthcare products and processes to commercial fruition for over two years. Innovation Factory, located at McMaster Innovation Park, helps connect medical start-ups and more established entities with research branches of Hamiltons Hospitals to help them move their products and processes towards full commercialization.

Some of the recent innovations being evaluated include:

An affordable security patch that provides real-time monitoring of seniors’ vital signs, activity, and even falls that can send alerts to healthcare workers, meaning more people can recover from surgeries at home with less risk. a first-of-its-kind, nearly waterless and portable dialysis system that makes dialysis globally accessible and sustainable. A medical device that uses artificial intelligence (AI) technologies to detect the early stages of diseases such as cancer. A self-adjusting prosthetic limb socket that adjusts to changes in leg size, providing continuous comfort and overcoming one of the most common problems with advanced prosthetic medical devices to address the urgent problem of patient transfer in healthcare settings.

All of these projects are being evaluated right here in Hamilton at the research institutes of St. Joes Healthcare or Hamilton Health Sciences.

Innovation Factory is now accepting applications for its third cohort of the program titled Hamilton Ecosystem to Accelerate and Leverage Trials of Health Innovation (better known as HEALTHI). Supported in part by funding from the National Research Council of Canada’s Industrial Research Assistance Program, HEALTHI accelerates commercialization efforts by enabling life sciences and health technology companies to partner with leading research hospitals. The third round of funding is expected to support 45 projects over 2 years, equating to approximately $675,000 in total funding for small and medium-sized businesses.

David Carter, CEO of Innovation Factory, said, “Hamilton’s life sciences are experiencing significant growth and we look forward to continuing to provide support and resources to influential health technology innovators. These companies are not only actively improving healthcare and its management, but they are also spurring economic development by building and scaling successful startups.”

HEALTHI’s strategic partnership with internationally renowned government and research institutes has not only strengthened the infrastructure of high-potential health science companies, but has also served as a springboard for innovative healthcare solutions. For more information on HEALTHI visit https://innovationfactory.ca/funding-healthi/

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