Illumisonics Inc. reposted this
Today, with the support of the Government of Canada (Innovation, Science and Economic Development Canada), we announced a $10.7 million investment in contributions to seven commercialization-focused R&D projects under our #FocusFund program. We were delighted to have Parliamentary Secretary Pam Damoff join us to celebrate this milestone in our network's history. Through this iteration of the Focus Fund, the seven selected high-potential projects, including: Illumisonics Inc. MIMOSA Diagnostics MOLLI Surgical Oncoustics Profound Medical Inc. Radialis, and Rogue Research Inc, will integrate #machinelearning capabilities into their #imageguidedtherapy technologies. Focus Fund recipients will also invest an additional $21.3 million into their projects for a total influx of $32 million into the Canadian #IGT sector. The Focus Fund contributions will help attract investments into these Canadian technology companies, create jobs for highly skilled professionals, and cement Canada’s status as a global leader in IGT and #AI innovation. Thank you to everyone who joined us this morning for the 2024 #INOVAITFocusFund announcement. Did you miss the announcement? Learn more about the funding announcement via our press release here: https://lnkd.in/gmNkfpub