May 2, 2016 – Edmonton, AB – Business incubator TEC Edmonton has announced a strategic partnership with Sanofi Canada, a leading healthcare company, to provide new opportunities for Alberta healthcare professionals and researchers through its TEC Health Accelerator program.

Led by TEC Edmonton, in partnership with Innovate Calgary, the TEC Health Accelerator is an initiative designed to accelerate the growth of Alberta biotechnology companies and connect community entrepreneurs with medical and scientific researchers in Alberta. The program also assists in bridging the gap between investors, Alberta start-up companies, Alberta Health Services (AHS), potential industry partners and large animal/health agriculture companies. By connecting these entities, TEC Health Accelerator aims to broker major financing, partnership deals and revenue growth for clients in the healthcare space.

As a leading healthcare company, Sanofi Canada provides medicines in several therapeutic areas, including diabetes, cardiovascular disease, oncology, renal disease and hematology. Backed by decades of service to Canadian healthcare professionals and patients, Sanofi Canada forms strategic partnerships to support solutions to address Canada’s healthcare challenges.

“The support from an industry leader like Sanofi Canada is what makes programs such as our TEC Health Accelerator possible, allowing us to promote, facilitate and accelerate Alberta’s health-related business innovation,” said Chris Lumb, CEO of TEC Edmonton. “Partnering with Sanofi Canada allows us to provide new services, resources and opportunities to the Alberta healthcare community, and we look forward to collaborating with them.”

“The partnership with TEC Edmonton is a strong example of how partnerships can help drive and grow innovation,” claims Franca Mancino, Head of Medical Affairs, Sanofi Canada. “We are committed to investing in R&D which contributes to establishing an environment that fosters greater collaboration and brings solutions for the benefit of society as well as the healthcare environment.”

Sanofi joins Merck, Johnson & Johnson and Sanofi Genzyme as partners of the TEC Health Accelerator.

Named the #4-ranked Incubator in North America by the 2015 University Business Index (UBI), TEC Edmonton has overseen the TEC Health Accelerator program since November 2014.

For more information, visit www.tecedmonton.com or contact:

Randy Yatscoff
Executive VP, TEC Edmonton
Phone: (780) 492-5744
Email: randy.yatscoff@tecedmonton.com

Jason Ding
Program Director, TEC Health Accelerator
Phone: (780) 492-8977
Email: Jason.Ding@tecedmonton.com

 

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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