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Why Canada excels at medical tech startups

  Copy link into your clipboard //science-technology.news-articles.net/content/2 .. /why-canada-excels-at-medical-tech-startups.html
  Print publication without navigation Published in Science and Technology on by Tim Hastings
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
The incubator program at the University of Toronto's Mississauga campus - which opened its doors to its first 15 startups in the first cohort in May - is one of the few in Canada to offer startups access to a "wet lab," where they can conduct life science research.
The article from The Globe and Mail discusses why Canada excels in medical technology startups. It highlights several key factors contributing to this success: a strong foundation in research and development, with significant investments from both government and private sectors; a collaborative ecosystem involving universities, hospitals, and industry; and a supportive regulatory environment that facilitates innovation. Canada's universal healthcare system provides a unique testing ground for new medical technologies, allowing startups to gather real-world data and refine their products. Additionally, the presence of major medical device companies in Canada offers mentorship, partnerships, and potential acquisition opportunities for startups. The article also notes the role of incubators and accelerators like MaRS Discovery District in Toronto, which provide crucial support in terms of funding, networking, and business development. This combination of factors has positioned Canada as a leader in medical tech, fostering an environment where startups can thrive and innovate.

Read the Full The Globe and Mail Article at:
[ https://www.theglobeandmail.com/business/article-why-canada-excels-at-medical-tech-startups/ ]