The program will provide a platform allowing founders to advance their products.
The new six-month accelerator program will provide business mentorship to accelerate the growth of the participating companies and facilitates relationships with healthcare organizations to provide feedback and help validate the companies’ solutions.
“COVID-19 has accelerated the adoption of telehealth applications, and the ability to deploy various health monitoring devices that can securely connect patients and clinicians remotely will further enhance the accessibility of care,” said Leo Lax, executive managing director of L-Spark. “These technologies will be essential to the future of healthcare.”
In addition to mentorship and technical support, the program is intended to provide a technology platform that allows entrepreneurs to advance the creation, integration, and commercialization of connected medical devices and associated software.
The program’s technology platform is designed to allow medical devices to be securely connected from any location and be immediately usable and remotely manageable. The program will also provide access to technical support to help entrepreneurs integrate their medical devices and software solutions into the platform.
The MedTech accelerator builds on L-Spark’s Secure IoT accelerator program that also saw companies build solutions on a proof-of-concept platform created by Telus, BlackBerry, and Solace in 2019. The MedTech program is intended to help shorten the platform’s time to market by two to three years.
“Through secure, connected and privacy-enabled medical and wellness devices, clinicians can improve health outcomes for their patients and alleviate pressure in hospital emergency rooms and clinics,” said Ibrahim Gedeon, CTO of Telus. “Through our collaboration with L-Spark, we can help expedite the adoption of medical IoT technology and boost Canada’s economic recovery.”
The accelerator program is currently accepting applications from companies developing medical devices and applications. Ideal applicants will have a Canadian headquarters as well as the required team and capacity to execute projects during the accelerator program timeframe.
Image source L-Spark.