MerckInvents@ TEC Edmonton now accepting applications

MerckInvents@ TEC Edmonton now accepting applications

By Kenya Kondo

EDMONTON, Alberta, Jan. 16, 2018 (GLOBE NEWSWIRE) -- Recruitment is now open for MerckInvents@ TEC Edmonton, a new health technology accelerator and partnership between TEC Edmonton, Merck Canada Inc. and the University of Alberta. Set to open March 2018, the program goal is to advance the success of emerging health technologies to save and improve lives around the world. More specifically, the program creates collaborations between Merck, TEC Edmonton, and early-stage companies while advancing health-related technologies from Alberta and beyond.

Health companies and entrepreneurs can apply to the inaugural cohort and receive:

  • Funding to support the advancement of their technology.
  • Access to expertise from Merck Research Laboratories (MRL).
  • Access to University of Alberta facilities and equipment, and TEC Edmonton wet lab space.

“Merck could have gone anywhere in the world yet they’ve chosen to invest in Edmonton,” says Chris Lumb, CEO, TEC Edmonton. “This demonstrates the importance Edmonton places on entrepreneurship and research and we’re excited about the possibility for more health innovations to get the necessary support to thrive.”

Fostering innovation, entrepreneurship and competitiveness is essential to the future of the health sector and to providing meaningful benefit to patients,” says Jennifer Chan, Vice-President, Policy and External Affairs, Merck Canada Inc. “This partnership will provide the tools and resources to help advance research-based health innovation.”

“The university is proud to be a part of MerckInvents@ TEC Edmonton,” says Walter Dixon, Interim Vice-President (Research), University of Alberta. “Our advanced tools and facilities will play a key role in developing Alberta-made health innovations—innovations that will help save and improve lives at home, across Canada and around the world.”

MerckInvents@ TEC Edmonton is now accepting applications. An initial review of potential companies and entrepreneurs will begin on February 15, 2018. Program and eligibility information is available here:

Program funding support provided by the Alberta Merck Innovation (AMI) Health Fund, a collaboration between Merck Canada, the University Hospital Foundation and the Government of Alberta Ministry of Economic Development and Trade.