Organizations to work together to promote technology adoption
May 14, 2021 (Toronto, ON) – The Coordinated Accessible National (CAN) Health Network and the Centre for Aging + Brain Health Innovation (CABHI), powered by Baycrest, recently signed a Memorandum of Understanding confirming their plans to work together to promote the adoption of Canadian technology that will enhance the delivery of healthcare in older adults. Today, they are launching their first joint initiative, with an open Call for Innovation.
The CAN Health Network works directly with healthcare operators to identify their biggest challenges and partner them with Canadian-made technology solutions. The ultimate goal is to enable Canadian companies to be rapidly validated, procured, and scaled across the country and abroad.
CABHI, a solution accelerator focused on driving innovation in the aging and brain sector, will introduce scalable, market-ready agetech and healthtech companies to the Network through their Mentorship, Capital, and Continuation (MC2) program, in partnership with National Bank.
With today’s joint Call for Innovation, one successful health tech company will receive an opportunity to demonstrate their solution’s benefits via a commercialization project with a CAN Health Network member (known as an Edge). At the conclusion of the project, all Edges will have an opportunity to purchase the solution through a competitive process. The company may also receive an investment and tailored acceleration services from CABHI.
“As our country continues the fight against COVID-19, Canadian agetech companies are ready to play a significant role in helping reopen our national economy and simultaneously provide much-needed support to older adults—the population hit hardest by this pandemic. CABHI’s collaboration with the CAN Health Network will accelerate the uptake of cutting-edge agetech amongst Canadian healthcare and long term care operators, leading to a more effective system and better health outcomes for the most vulnerable among us.”
Dr. Allison Sekuler, Managing Director, CABHI, Sandra A. Rotman Chair in Cognitive Neuroscience and Vice-President of Research, Baycrest
“The CAN Health Network aims to provide Canadian technology companies with an integrated marketplace by removing barriers that prevent businesses from growing and scaling to their full potential. Partnering with CABHI provides us with access to some of most advanced, creative, and innovative Canadian technology, and expertise and knowledge from a world renowned organization. ”
Dr. Dante Morra, Chair, CAN Health Network
CABHI gratefully acknowledges the support of its funders: the Government of Canada through the Public Health Agency of Canada, the Government of Ontario through the Ministry of Colleges and Universities, and the Baycrest Foundation.
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ABOUT CABHI
A solution accelerator for the aging and brain health sector, CABHI provides funding and support to innovators for the development, testing, and dissemination of new ideas and technologies that address unmet brain health and seniors’ care needs. Established in 2015, it is the result of the largest investment in brain health and aging in Canadian history. CABHI is a unique collaboration of health care, science, industry, not-for-profit and government partners whose aim is to help improve quality of life for the world’s aging population, allowing older adults to age safely in the setting of their choice while maintaining their cognitive, emotional, and physical well-being.
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ABOUT CAN HEALTH
The CAN Health Network is a Canada-first approach to technology adoption. It helps break down barriers to scaling in the healthcare system and provides an environment for companies to scale to their full potential. The CAN Health Ontario Network was created in July 2019 with a $3.5-million investment from the Federal Economic Development Agency for Southern Ontario (FedDev Ontario). The CAN Health West Network also received an investment of $3.5 million from the Western Economic Diversification Canada (WD). The Network plans to expand to the East, Quebec and the North in the future. To learn more about the CAN Health Network, visit www.canhealthnetwork.ca.
