Great things happen when organizations across the province and beyond come together. That was the sentiment on display last week at the breaking ground of our newest accelerator for health technology companies.
With representatives from Merck, all levels of government, Alberta Innovates, the University of Alberta, EEDC, and the University Hospital Foundation, the event truly showcased the community partnerships involved with the launch of the accelerator.
So what makes this accelerator different? First of all, it’s been developed especially for the needs of emerging health and life sciences companies in partnership with Merck Canada – meaning that companies have access to Merck’s expert mentors as well as TEC Edmonton’s.
The accelerator will become an entry point for health technology startups (in Alberta and beyond) to connect with industry and Alberta’s healthcare system. Emerging health and life sciences companies will access expertise while utilizing the TEC Edmonton work and wet lab spaces.
Once renovated, the accelerator will also include dedicated space for spinoffs from the University of Alberta Faculty of Medicine and Dentistry, which has played a lead role in putting this new space and programming in place.
“When innovations get to market faster, we improve patient outcomes, reduce the burden on the health care system, and strengthen Alberta’s research ecosystem,” said University of Alberta President Dr. David Turpin.
“Successful innovation comes from the support of the community,” stated TEC Edmonton CEO Chris Lumb, stressing that companies who seek out assistance with their innovations have an advantage.
The goal of the accelerator is to attract world-class talent in Alberta, leverage existing partnerships to help grow new life sciences companies here, and become a signature part of Edmonton’s Health City.
Learn more about the Merck Accelerator here.