OBIO Niagara Forum featured in VC Michael Greeley's Blog
Michael Greeley, Co-Founder and General Partner at Flare Capital Partners, an early stage healthcare technology venture firm, and a Founding General Partner Flybridge Capital Partners blogged about Ontario's Health Tech Scene. Michael was a panelist at OBIO's recent Niagara on the Lake Health Sciences Emerging Company Forum, and wrote about his experience at the forum as well as his overall impression of Ontario's emerging health technology companies.
“Many of the entrepreneurs I met were developing fundamental technologies, often addressing infrastructure issues in healthcare – not light-weight engagement apps ... notably all of the entrepreneurs were scaling their businesses with quite modest burn rates and were knocking down important milestones ... Perhaps this is not so surprising given the concerted efforts to strengthen the local healthcare ecosystem. In January 2017, the Ontario Bioscience Innovation Organization published a report highlighting a set of initiatives centered around (i) commercialization, (ii) local healthcare system engagement, and (iii) global engagement with leading multinationals. Such a dedicated effort so far as resulted in $109 million of capital invested in 45 companies and has seen those companies grow the combined employee base by 49%.”