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TEC Edmonton partners with Merck Canada on new technology accelerator

By David Schwartz
Published: September 12th, 2017

TEC Edmonton last week broke ground on a new business accelerator for technology companies. The accelerator, a partnership with pharmaceutical company Merck Canada Inc., will connect emerging Alberta-based healthcare companies with the health research expertise of Merck to bring innovative technologies to the marketplace.

“Working in partnership with TEC Edmonton to provide both scientific expertise and funding to this new business incubator will help propel Alberta-based, health-focused start-ups to new heights, all the while fostering the innovation, entrepreneurship and competitiveness of the region,” said Mr. Chirfi Guindo, president and managing director of Merck Canada Inc. “This type of collaboration with promising, key players is essential to the future of the health sector, as we work together to provide meaningful benefits to patients.”

“It’s a great time to be a start-up company operating in Alberta’s health innovation space,” said TEC Edmonton CEO Chris Lumb. “Merck Canada will provide important connections and expertise that young companies otherwise would not have access to.”

Companies accepted into the program will gain access to experienced mentors and assistance in defining market needs and go-to-market strategies.

The accelerator was funded by Western Economic Diversification Canada and the Alberta Merck Innovation (AMI) Health Fund, a larger collaboration between Merck Canada, the University Hospital Foundation and the Government of Alberta Ministry of Economic Development and Trade. The space will be shared with the University of Alberta’s Faculty of Medicine & Dentistry.
“Partnerships like this one — partnerships that connect industry, government and researchers –bring tremendous capacity to the university’s work. The new health-technology incubator will help to magnify the impact of health research at the U of A — it’s a key part of how we can serve the public good. We’re fortunate to draw on the expertise and support that Merck, the provincial government, and the University Hospital Foundation have to offer,” says David Turpin, president and vice-chancellor of the University of Alberta.

Source: GlobeNewswire

Posted under: Industry-Sponsored Research Week

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