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MEDTEQ selected as Centre of Excellence for Commercialization and Research in medical technology

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MEDTEQ selected as Centre of Excellence for Commercialization and Research in medical technology

Canada NewsWire

MONTREAL, Aug. 22, 2018 /CNW Telbec/ - The Honourable Kirsty Duncan, Minister of Science and Sport, recently announced the winners of the 2018 competition of the Centres of Excellence for Commercialization and Research (CECR) at McMaster University in Hamilton, Ontario. As one of the CECR recipients, MEDTEQ receives a $19.5 million grant.

In addition, over the next five years, the Government of Quebec is providing financial support of $4.9 million to the Quebec Consortium for Industrial Research and Innovation in Medical Technology (MEDTEQ) to support its activities that will be conducted under this program to support collaborative innovation projects in the medical technology industry conducted under this program.

National and international tools for the valorisation of innovations

The new CECR tools target the valorisation of innovations and their integration into real healthcare settings, thus complementing the tools already coordinated by MEDTEQ: the Regroupement sectoriel de recherche industrielle (RSRI) and the Fonds de soutien à l'innovation en santé et en services sociaux (FSISSS) programs.

As a Centre of Excellence for Commercialization and Research, MEDTEQ – born in Quebec and gathering close to 140 members: SMEs and large healthcare technology companies, universities, teaching hospitals and support organizations - extends its field of action and now has a pan-Canadian reach. Collaborations with partners across the country will aim to support the medtech sector, particularly innovative SMEs, and position Canada as an international leader in medical technologies. A new investment programme for SMEs has been put in place, as well as local and international stepping stones to boost the influence of academic, clinical and industrial players.

"I would like to congratulate the successful applicants of the most recent CECR program competition. We are pleased to help these centres bridge the gap between innovation and commercialization to enable the sustainable development of natural resources in the North and create healthier communities in Canada. These connections, forged between clusters of research expertise and the business community, harness Canada's best talent to provide industry-relevant technologies, products and services that will benefit us all."- Jean Saint-Vil, Associate Vice-President, Networks of Centres of Excellence

If Québec's life sciences industry is so dynamic and successful, it is largely thanks to the collaborative research projects that exist within our network and the partnerships formed between the various stakeholders. We are therefore particularly proud to support MEDTEQ in carrying out such projects, which will contribute to the achievement of the objectives of the Québec Life Sciences Strategy, aimed in particular at increasing investments in research and innovation in this key sector of the Québec economy. "Dominique Anglade, Deputy premier, Minister of Economy, Science and Innovation and Minister responsible for the Digital strategy.

"We are very grateful for such a vote of confidence from the federal government and we would particularly like to thank the Government of Quebec for its significant support of this initiative. With this new program, tools in the field for the Quebec and Canadian medtech industry will increase significantly. I would also like to thank all our members and partners for their support: the CECR programs designed by and for them are now being deployed! "Diane Côté, President and CEO of MEDTEQ

About MEDTEQ

MEDTEQ's mission is, through collaborative industry led projects, to accelerate innovation and position, on a global scale, products and services developed by the Canadian medical technology industry, thereby generating major economic impacts while improving healthcare systems for the ultimate benefit of patients in Canada and around the world. http://www.medteq.ca

 

SOURCE Consortium for Research and Innovation in Aerospace in Québec (CRIAQ)

View original content: http://www.newswire.ca/en/releases/archive/August2018/22/c5104.html

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