Burlington healthcare tech company gets provincial funds to help meet demands

Burlington healthcare tech company gets provincial funds to help meet demands

By Gene Pereira

Revealed April 14, 2022 at 3:18 pm

Burlington healthcare tech company gets provincial funds to help meet demands

Burlington’s AceAge Inc. has acquired provincial funding for Karie, a intelligent pill dispenser that provides, reminds, connects, and secures treatment to advertise medication adherence for seniors. ACEAGE INC. Photo

A Burlington-dependent healthcare technology enterprise is obtaining $616,000 in provincial funding to scale up domestic production and assembly for one of its merchandise.

AceAge Inc., which produces intuitive items to relieve the getting old system and improve wellbeing outcomes, will use the revenue from the Ontario Jointly Fund in aspect to build 25 new work opportunities.

The area business is investing $1,540,000 to scale up domestic production and assembly of its Karie products to fulfill domestic and intercontinental demand and to make upgrades to their application.

Karie will help reduce individuals using medicine from needing emergency care visits or assisted dwelling care admissions.

It’s a smart capsule dispenser that delivers, reminds, connects, and secures treatment to encourage medication adherence for seniors.

“Karie supports seniors and other Ontarians to sustain their independence and wellness, regardless of whether they are growing old at residence, supported by dwelling care or in Retirement Living residences,” stated John Simmons, CEO of AceAge.

“The OTF aid is substantial and will allow us to continue on to develop our small business though developing producing, science and engineering work in this article in Ontario.”

The Burlington-based firm is a single of a few corporations obtaining $1.9 million from the provincial fund to aid their jobs.

A overall of 41 new jobs are predicted to be created in growing manufacturing of domestic health-related materials and the progress and export of homegrown solutions and innovations.

KA Imaging in Waterloo ($967,200) and Microbonds Inc. ($334,000) in Markham are also getting cash from the fund.

“Through the Ontario Together Fund, our government is generating strategic investments in modern homegrown businesses with the thoughts and answers to assist us support Ontario’s vibrant innovation and medtech ecosystem,” mentioned Vic Fedeli, Minister of Financial Improvement, Work Creation and Trade.

“Ontario is very pleased to assistance these three corporations, and we thank them for their answers that are improving our ability to support our health care program though producing good, regional employment for our proficient workforce.”

AceAge introduced their Karie professional medical machine in 2018 right after 3 yrs of development.

“To make it easier for folks and their liked kinds to just take the proper medicine at the ideal time,” claimed Jane McKenna, MPP for Burlington. “Our government is happy to help AceAge in the advancement and distribution of easy well being tools that enable encourage superior wellness outcomes.”

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