CAN Health Network
Canada
Medical technology development opportunities for SMEs
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|openingDateJuly 09, 2023
- grant_single|closingDateJune 12, 2024
grant_single|financingType
Expert Advice
grant_single|eligibleIndustries
- Health care and social assistance
grant_single|grantors
- CAN Health Network
grant_single|status
grant_card_status|open
grant_single_labels|preview
Get paired with a health care organization in this national network and get access to facilities in order to develop, refine and commercialize a solution to a major health care challenge.
grant_single_labels|projects
This grant is structured around regional participation across Canada within the CAN Health Network. The eligible geographical areas include specific provinces as part of two regions within the network framework.
- Five provinces currently included within the CAN Health Network framework.
grant_single|admissibleProjectsExample
$500,000
Development of wearable devices to monitor cardiovascular health
$360,000
Creating an online mental health support platform for youth
$280,000
Implementation of a telemedicine platform to improve rural healthcare access
$400,000
Development of an AI-based diagnostics tool for early cancer detection
$384,000
Developing a platform for remote monitoring of elderly patients
$416,000
Launching a mobile app to manage chronic diseases
grant_single_labels|admissibility
Eligibility for this grant is focused on supporting Canadian health technology companies in overcoming access barriers and scaling their operations.
- The applicant must be a Canadian health technology company.
- The company should be mid-to-late stage, ready to embed into a CAN Health Network Edge.
- The technology solutions proposed should address market-ready challenges identified by the CAN Health Network.
- The company must be ready to operate within the procurement guidelines established by the Network.
- The applicant should have products with potential for scaling across the CAN Health Network.
grant_eligibility_criteria|who_can_apply
Innovative Canadian health technology companies that are seeking to scale their operations and need access to an integrated and receptive marketplace can apply to join the CAN Health Network. These companies benefit from opportunities to overcome structural barriers, gain insights and mentorship, and access buyer sites within the national health care system.
grant_eligibility_criteria|eligible_expenses
The CAN Health Network facilitates projects that aim to remove barriers to market access for Canadian health technology companies. Eligible projects emphasize scaling technologies and creating job opportunities while addressing systemic healthcare challenges.
- Embedding ventures into health region Edges to address market-ready challenges.
- Utilizing innovative procurement models for scaling solutions across the network.
- Facilitating collaboration between health systems and technology companies for joint problem-solving.
- Providing technology demonstration opportunities and customer insights for companies.
- Coordinating regional needs and opportunities across provincial networks.
grant_eligibility_criteria|zone
Summary: The grant specifies eligible geographic areas in Canada.
- Atlantic region
- Ontario region
- Western region
grant_single_labels|criteria
There are evaluation and selection criteria for this grant, as outlined below:
- Alignment with the objectives of the CAN Health Network
- Demonstrated potential for economic prosperity and job creation
- Innovative solutions and scalability
- Market readiness and customer insights
- Regional needs and opportunities recognition
grant_single_labels|register
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- Successful products in the Edge model are adopted within that Edge and can be scaled across the network.
- The CAN Health Network facilitates collaboration across regional boundaries.
- Mid-to-late stage ventures are expected to embed with an Edge for up to a year.
- The Network leverages existing procurement guidelines to accelerate growth.
Apply to this program
Driving Growth in Canada's Health Tech Sector
The CAN Health Network grant focuses on supporting Canadian health innovation companies by providing a collaborative platform that eliminates barriers to growth and scale. This initiative accelerates commercialization, fosters job creation, and enhances technology solutions within the national healthcare system.
Understanding the CAN Health Network Grant and Its National Impact
The CAN Health Network grant is a transformative initiative aimed at bolstering Canada's health technology sector by creating a seamless and supportive marketplace for innovative companies. In a bid to create economic prosperity and domestic job opportunities, this grant facilitates the integration of cutting-edge health technologies into the national healthcare system, encouraging companies to overcome traditional barriers to market entry and scale effectively.
Through a national framework, companies under the CAN Health Network enjoy unparalleled access to a receptive market where demand for innovative solutions is pre-established. This proactive approach ensures that enterprises are paired with relevant healthcare organizations that can benefit from their technological offerings. Such a setup not only accelerates the adoption of new technologies but also enhances system-wide efficiencies and cost-effectiveness in healthcare service delivery.
The Network's strategy is built upon a structure that recognizes the unique needs of various regional markets within Canada, thereby establishing itself across two regions and five provinces. This structure allows health operators within these regions to serve as collaboration sites, known as 'Edges', where mid-to-late-stage ventures can test and refine their technologies over periods up to a year. These Edge sites represent cooperative hubs where healthcare challenges are tackled collectively, projecting successful products towards broader adoption across the entire Network.
Moreover, the CAN Health Network facilitates a marketplace for innovation by leveraging existing procurement guidelines that fast-track the deployment of technologies. By focusing on scalability, participating companies are better positioned to realize rapid growth and adaptation to evolving healthcare needs, thus contributing to a more competitive economy and more robust job creation within the sector.
Additionally, the Network imparts significant value to innovators through access to healthcare sites and mentorship. Such opportunities enable companies to glean critical insights directly from their target users, allowing for the fine-tuning of their products and ensuring they meet the practical demands of healthcare providers. These exchanges foster an environment where health systems can collaborate directly with technology firms to address shared challenges, resulting in better tools, innovative solutions, and reduced costs for all stakeholders.
The impact of the CAN Health Network is profound, providing a foundation for a sustainable and responsive healthcare economy in Canada. By directly addressing the structural barriers impeding the growth of health tech enterprises, the grant promotes both technological advancement and economic development. The initiative stands as a testament to Canada's commitment to nurturing homegrown companies and maintaining leadership in healthcare innovation on a global stage.
