SURREY, BC – A new first of its kind HealthTech accelerator, focused exclusively on the commercialization of medical technology, was recently launched in Surrey BC’s HealthTech district.
Innovation Boulevard’s HealthTech accelerator is the 14th technology accelerator in the province funded by BC Innovation Council. It has a strategic collaboration with IBM Canada and will serve the Province . The goal of the accelerator is to enable technology developers at various stages through Entrepreneurs/Executives in residence (EIRs), collaboration, and support – specializing exclusively in the commercialization of medical devices, software, and processes.
According to stakeholders, Innovation Boulevard will build its accelerator out of a 6,000-square foot facility by SFU in Surrey where it will leverage its proximity to and connections with the Fraser Health Authority (FHA), universities and researchers. It is led by Dr. Peter Payne, a serial entrepreneur with deep HealthTech domain expertise.
“There is no shortage of data in the health sector and we are going to see more data. We have the talent here, and now with this marvellous partnership with IBM Canada, our local organizations will have the tools to help make sense of the data to improve health care delivery,” said Dr. Peter Payne, Innovation Boulevard CEO.
He adds that the accelerator’s strategic collaboration with IBM Canada will allow member companies to access and leverage IBM disruptive and emerging technologies such as Bluemix, IBM’s Cloud platform, and IBM Watson services to address big data challenges in health tech such as data analysis, population health trends, and medical resource management. Member companies will also benefit from technology and support from IBM that will expedite their innovation and commercialization efforts.
“The healthcare industry needs innovation that fosters discovery and accelerates time to market, without the added burden of significant capital requirements,” said IBM Canada president, Dino Trevisani. “With the help of IBM’s powerful cognitive and cloud technologies, Innovation Boulevard will enable local organizations to incubate and innovate ideas much more rapidly to ultimately help solve global health problems. This is a true example of innovation that matters, and we are proud to be a part of it.”
The new accelerator is strategically located in Surrey to take advantage of the proximity and relationships with Fraser Health Authority (FHA), Surrey Memorial Hospital, Simon Fraser University’s Engineering and Business schools, and the School of Interactive Arts and Technology (SIAT).