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Toronto, ON, Oct. 09, 2020 (GLOBE NEWSWIRE) — Today, the Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) announced a FedDev Ontario contribution of $6.5 million to Toronto Innovation Acceleration Partners (TIAP). This funding will be used to leverage TIAP’s decade-long expertise in scouting and incubating health science technologies; to enable access to management talent for health science ventures; and to support the growth of health science companies into domestic anchor companies. By supporting venture creation in therapeutics, medical devices and health science AI from our academic members, and through new collaborations with Queen’s and McMaster universities, the program aims to broaden the life science innovation infrastructure in southern Ontario.

This commitment is made by the Federal Economic Development Agency for Southern Ontario through the Regional Innovation Ecosystem stream.

Based in Toronto, Ontario, TIAP

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