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The Ignite program provides funding to research projects to assist with commercialization. The projects cover a range of industries, including cleantech, transportation, agriculture, and biotech.
This funding comes on top of Align Technology’s $46.7 million investment in SmileDirectClub in 2016, and another $12.8 million investment in 2017 to own a total of 19 percent of the company.
A memorable year for financial health tech (MEDCITYNEWS)
Digital health technology, or health tech, companies had quite a year in 2017, but the size and number of large, late-stage deals appeared to be leveling off and exits were down 18 percent.
Over five years, TD will invest a total of $2.5 million towards the University of Toronto’s Creative Destruction Lab’s health stream operating out of the CDL-Toronto and CDL-West locations.
The startup will use the fresh capital to boost its technology platform. The startup will also use the funds to expand presence in non-metro cities and overseas in Asia Pacific countries.
MindBody-owned FitMetrix exposed millions of user records — thanks to servers without passwords (TECHCRUNCH)
It isn’t known how long the servers had been exposed, but the servers were indexed by Shodan, a search engine for open ports and databases, in September.
MaRS Health’s opioid data challenge (MARS)
Securing data on opioid-related overdoses and harms is crucial to the design and delivery of effective interventions. And yet, timely and accurate data, particularly on non-fatal overdoses occurring in communities, remains limited.
Brazil’s healthtech sector is new hot spot (TECHCRUNCH)
Like recent Brazilian investment booms focused on fintech innovation and new on-demand business models, there’s been a recent explosion in healthtech startups in Brazil.
3iOntario Digest presents a list of ongoing funding opportunities and other resources to accelerate health innovation.
CAD – Health Network System Managed Services Benchmarking and Value for Money Study (read more)
CAD – Automated Pharmacy Medication Packager/Labeller Systems (read more)
CAD – Canadian Health Technologies for Space Exploration (read more)