Government of Canada invests in Sudbury start-up to commercialize innovative medical device and create jobs
Ontario: Entrepreneurs and small businesses are the lifeblood of our communities. They create good jobs, grow our economies, bring life to our main streets and support local families. As we continue to overcome the challenges of COVID-19, the Government of Canada is committed to doing whatever it takes to support businesses, innovators and job creators in Greater Sudbury, Nickel Belt and across the nation. Their success is critical as we recover and rebuild from the pandemic.
Paul Lefebvre, Member of Parliament for Sudbury, and Marc G. Serré, Member of Parliament for Nickel Belt, today announced a repayable Government of Canada investment of $500,000 to help Flosonics Medical develop the IT infrastructure required to commercially roll out its FDA-cleared FloPatch medical device. In the summer of 2020, Health Canada granted Flosonics an authorization for the device under the COVID Interim Order. This investment is expected to help create five high-quality jobs and support 17 existing positions in the Greater Sudbury region.
Specifically, the funding will be used to hire a team of software developers and industry experts to ensure the FloPatch can be fully integrated with the various electronic medical records systems in hospitals and clinics across Canada and the United States. In addition to supporting the research and development of the product, a previous FedNor investment of $200,000 also assisted with clinical trials and preliminary market development for the FloPatch.
Today’s announcement is further proof of the Government of Canada’s commitment to Canadian businesses and entrepreneurs. Initiatives like this will help get Canadians back to work safely and ensure small businesses, like Flosonics Medical, can play a major role in Canada’s economic recovery.