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Ontario funds Kitchener med-tech firms with $5.8M to expand AI-driven production and create jobs.
Two Kitchener-based medical tech firms, Intellijoint Surgical and Vena Medical, received $5.8 million in Ontario government funding to expand production, enhance AI integration, and create new jobs.
Intellijoint gets $450,000 to boost automation and retain 34 jobs, while Vena Medical receives $1.5 million to build a new facility for its AI-powered micro-camera, creating 13 new positions.
The investment, part of Ontario’s $24 million Life Sciences Scale-Up Fund, aims to strengthen domestic manufacturing, support innovation, and reduce reliance on overseas supply chains amid global uncertainty.
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Ontario financia a las empresas de tecnología médica de Kitchener con $ 5.8 millones para expandir la producción impulsada por IA y crear empleos.