MEDTEQ+ and AGE-WELL announce 16 envisAGE collaborative projects to enhance older adults' quality of life with Canadian innovations
MEDTEQ+ and AGE-WELL recently announced the first 16 collaborative projects resulting from an unprecedented national mobilization through envisAGE, an initiative created to propel Canada to the forefront of the AgeTech sector and foster quality aging nationwide.
Each project brings together a small or medium-sized enterprise (SME) with a later-stage technological solution, an envisAGE Beachhead™ or an Innovation Hub, experts that will assess the integration of the solution, and a Community Lab, such as an organization working with seniors and caregivers, in a real-world setting where the solution will be implemented.
In all, the projects involve 16 SMEs and 11 organizations across Canada and will receive a combination of funding, expert coaching, and supportive resources through envisAGE to grow and scale innovations and ensure they meet the needs of older adults.
The total ecosystem investment in these 16 projects amounts to almost $20M, including contributions from collaborative partners and $5M through the envisAGE initiative which is supported by the Government of Canada's Strategic Innovation Fund.