Posted: June 30, 2016
June 30, 2016 – Edmonton, AB – The Canadian headquarters of the globally-operated pharmaceutical company, Boehringer Ingelheim has joined business incubator TEC Edmonton’s group of industry partners to deliver advanced services and resources to Alberta entrepreneurs through the TEC Health Accelerator program.
Led by TEC Edmonton, in partnership with Innovate Calgary, the TEC Health Accelerator is a program within the TEC Business Development team. Designed to accelerate the growth of Alberta biotechnology companies, the TEC Health Accelerator assists in bridging the gap between Alberta start-up companies, service providers, investors, Alberta Health Services (AHS), potential industry partners and large animal orhealth agriculture companies. By connecting these entities, TEC Health Accelerator brokers major financing, partnership deals, and revenue growth for clients in the healthcare space.
“Forming a strategic partnership with Boehringer Ingelheim, a global leader in healthcare is a natural fit for the TEC Health Accelerator. This new alliance is a valuable addition to our growing network of multi-national industry partners, enabling us to deliver world class services to help grow Alberta-based medical innovation,” said Chris Lumb, CEO of TEC Edmonton. “We aim to support Edmonton’s growing reputation as Canada’s health city, and our partnership with Boehringer Ingelheim means exciting new things for healthcare commercialization.”
Named the number four-ranked incubator in North America by the 2015 University Business Index (UBI), TEC Edmonton has led the TEC Health Accelerator program since September, 2014.
For more information, visit www.tecedmonton.com or contact:
Executive VP, TEC Edmonton
Phone: (780) 492-5744
Program Director, TEC Health Accelerator
Phone: (780) 803-8677
About Boehringer Ingelheim
The Boehringer Ingelheim group is one of the world’s 20 leading pharmaceutical companies. Headquartered in Ingelheim, Germany, Boehringer Ingelheim operates globally with 145 affiliates and a total of more than 47,500 employees. The focus of the family-owned company, founded in 1885, is researching, developing, manufacturing and marketing new medications of high therapeutic value for human and veterinary medicine.
Social responsibility is an important element of the corporate culture at Boehringer Ingelheim. This includes worldwide involvement in social projects, such as the initiative “Making More Health” and caring for employees. Respect, equal opportunities and reconciling career and family form the foundation of the mutual cooperation. In everything it does, the company focuses on environmental protection and sustainability.
In 2015, Boehringer Ingelheim achieved net sales of about 14.8 billion euros. R&D expenditure corresponds to 20.3 per cent of its net sales.
The Canadian headquarters of Boehringer Ingelheim was established in 1972 in Montreal, Quebec and is now located in Burlington, Ontario. Boehringer Ingelheim employs approximately 600 people across Canada.
For more information please visit www.boehringer-ingelheim.ca
About TEC Edmonton
A unique not-for-profit, TEC Edmonton is a joint venture of the University of Alberta and the Edmonton Economic Development Corporation. TEC Edmonton helps technology entrepreneurs accelerate their growth. In addition to being the commercialization agent for University of Alberta technologies, TEC Edmonton operates Greater Edmonton’s largest accelerator for early stage technology companies, including both university spinoffs and companies from the broader community.
TEC Edmonton provides client services in four broad areas: Business development, funding and finance, technology commercialization and entrepreneur development.
TEC Edmonton’s clients are an outstanding group of companies. Since 2011, TEC Edmonton clients have generated $680M in revenue, raised $354M in financing and funding, invested $204M in R&D, grown employment by 21-26% per year and now employ over 2326 people in the region. In addition, TEC Edmonton has assisted in the creation of 22 spinoffs from the University in the last five years.
In 2015, TEC Edmonton was identified by the Swedish University Business Incubator (UBI) Index as the 4th best university business incubator in North America, and was also named Canadian “Incubator of the Year” at the 2014 Startup Canada Awards.
For more information, visit www.tecedmonton.com.
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