The Richmond Hill Center for Business Development (CBD) drives collaboration between Canadian based Pro-Lab Diagnostics and Finland based Medicortex, bringing groundbreaking research for early detection of Traumatic Brain Injury (TBI) to Canada
Medicortex Finland is dedicated to improving the diagnosis, treatment and prevention of acute neurodegenerative conditions and is currently focused on developing a diagnostic kit for the detection of Traumatic Brain Injury (TBI).
Toronto, May 24, 2018 – The Richmond Hill Center for Business Development (CBD) today announced an Agreement that will see an investment by Richmond Hill-based Pro-Lab Diagnostics into Medicortex, a Finland – based company that is developing a unique biomarker test based on one of the body fluids to determine whether victims have sustained a brain injury as a result of a hit to the head from a fall, a vehicular accident or a sports related activity. At this time, no accurate and definite diagnostic tool exists for such brain injuries.
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Pro-Lab Diagnostics will also serve as a general distributor for Medicortex in Canada while, at the same time, providing assistance in regulatory work including Health Canada approval.
The Agreement between the two companies is the result of efforts initiated and orchestrated by the Richmond Hill based, CBD, who specialize in international trade and business development consulting, assisting Israeli and other international companies in developing sustainable and long term growth strategies through successful expansion into the North American markets. The Center offers a wide range of business services designed to help successfully expand a company’s product or service offering in the local markets. The “Center” is located in, and supported by, the Town of Richmond Hill. Local sponsors of the CBD also include Sun Life Financial, Compugen, and Pro-Lab Diagnostics.
Medicortex
Medicortex Finland Oy was founded in June 2014 as a BioTurku member; its laboratories are located in the Turku Science Park Bioincubator. The company is developing a novel diagnostic kit and new drugs to halt the process of neuronal degradation that persists following brain injury. Medicortex’s aim is to develop a simple, easy-to-use and inexpensive test based on a biomarker found in one of the body fluids.
Pro-Lab Diagnostics
Pro-Lab Diagnostics’ mission is to deliver today, and research for tomorrow. This is accomplished through extensive onsite research and development, leading to the manufacture of high quality and cost effective immunodiagnostic reagents.
Additionally, Pro-Lab Diagnostics distributes a wide array of innovative products sourced from leading companies from around the globe. Disciplines covered include Clinical Microbiology, Molecular Biology, Transfusion Medicine, Instrumentation, Women’s Health and much more. Pro-Lab Diagnostics also specializes in OEM (private label) packaging and welcomes new business opportunities.
Simi Grosman, Managing Director, Richmond Hill Center for Business Development
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Heartbeat Technologies Inc., A Leading Provider Of Remote Patient Monitoring Solutions, Opens Canadian Office In Richmond Hill Ontario As Part Of Its Global Expansion Strategy
Israeli based company recently selected by Baycrest Health Sciences-Led Centre for Aging + Brain Health Innovation (CABHI) to test their comprehensive Patient Monitoring System At Ontario Seniors Care Organizations
TORONTO, Jan. 18, 2018 – HeartBeat Technologies Inc. is one of two Israeli companies that have been awarded the opportunity to test their innovative aging and brain health solution at two Canadian seniors care organizations, after being selected for a joint partnership program operated by the Baycrest Health Sciences-led Centre for Aging + Brain Health Innovation (CABHI) and the Israel Innovation Authority (IIA).
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HeartBeat Technologies is one of the first companies to become part of the recently established Richmond Hill Center for Business Development (CBD). The CBD specializes in international trade and business development consulting, assisting Israeli and other international companies in developing sustainable and long term growth strategies through successful expansion into the North American markets. The Center offers a wide range of business services designed to help successfully expand a company’s product or service offering in the local markets. The “Center” is located in, and supported by, the Town of Richmond Hill. Local sponsors of the CBD also include Sun Life Financial, Compugen, and Pro-Lab Diagnostics.
The joint partnership initiative recently announced by Baycrest Health Sciences and the Israel Innovation Authority (IIA) is part of a Canada-Israel Collaboration Program that provides up to $250,000 (CAD) from CABHI and additional funding from IIA that can be leveraged by commercial organizations in Israel to test their aging and brain health innovations at Ontario senior’s care organizations. This program supports Israeli companies in deriving international scientific evidence to accelerate their innovations. In turn, Canadian organizations will have the opportunity to test cutting edge solutions addressing key challenges in seniors’ care. Moreover, the program contributes to Canada’s innovation economy, building on our strengths to turn ideas into action.
Heartbeat Technologies
HeartBeat Technologies (HBT) has developed proprietary software that enables doctors, nurses and individuals to remotely monitor heart related parameters and provide non-invasive care management. HBT’s solution combines off-the-shelf wearable sensors with powerful proprietary cloud-based software to form a comprehensive patient monitoring system. Monitored parameters include heart rate, oxygen levels, continuous blood pressure, cardiac output, hydration and more. The system aims to prevent hospitalization and re-admissions using smart, affordable remote patient monitoring. The HeartBeat Technologies Canadian head office is located in Richmond Hill. Ontario.
Simi Grosman, Managing Director, Richmond Hill Center for Business Development
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There’s A Reason North America’s Tech Talent Is Heading To Toronto
Let’s take a closer look at the circumstances that have helped Toronto become a serious player in the tech industry.
Compugen and CBD Join Forces to Promote Richmond Hill as Home for International Businesses
Richmond Hill, Ontario—DATE. Richmond Hill, Ontario-based Compugen Inc. is pleased to announce it has become a Corporate Sponsor of the Richmond Hill Center for Business Development (CBD). The CBD is a not-for profit organization that provides essential business services to international clients seeking global expansion into the North American market and with a specific emphasis on selecting Richmond Hill as a destination point.
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“We are in an intense competition with other jurisdictions throughout North America for those high-tech, entrepreneurial businesses that are successful at home and want to take the next step to tap into the Americas market,” said Harry Zarek, President and CEO, Compugen Inc. “Compugen is interested in helping introduce emerging Israeli-based high-tech companies to Canadian customers looking for innovative technologies in IT and security. Simi Grosman and Sam Carmon, principals in the CBD, are looking to share their deep knowledge of the North American business environments and engage other local enterprises in partnerships to make Richmond Hill a compelling draw for biomedical, high-tech and renewable-sector international business. They are engaging the Town of Richmond Hill, the Province of Ontario, and the Federal Government, as well as local businesses, to encourage international success stories to settle here, and I’m thrilled to be able to sponsor them as they provide direct support to those that decide to make Richmond Hill their North American home.”
“The Richmond Hill Center for Business Development provides a new and innovative service that is designed to attract and assist Israeli and other High-Tech companies, to conduct their Business Development & some of their R&D efforts here in Ontario – but with the critical value-add of services that will help take them beyond the R&D phase and into full commercialization resulting in new local job creation and new revenue streams,” said Simi Grosman, Managing Partner at the CBD “Support from sponsors such as Compugen and the Town of Richmond Hill are helping to make this new initiative a reality,” Grosman added.
About Compugen
One of Canada’s top IT solutions and services providers, Compugen works with mid- to large-sized organizations to help them maximize the business value of their investment in information technology.
Compugen’s award-winning service quality, unequalled depth and breadth of technical expertise and international footprint have made them the partner of choice for Canadian businesses and government organizations for more than 35 years. www.compugen.com
Compugen, Simplifying the Business of Technology . . . Together
To learn more about Compugen, Contact:
Donald Anderson, Croporate Communications Manager, Compugen
To learn more about the Center for Business Development, Contact:
Simi Grosman, Managing Director, Richmond Hill Center for Business Development
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The CBD management team and several of its clients will be participating in the upcoming Discovery 2017 event.
Discovery is Canada’s leading innovation-to-commercialization conference. Hosted by the Ontario Centres of Excellence (OCE), Discovery brings together key players from industry, academia, government, the investment community as well as entrepreneurs and students to pursue collaboration opportunities. Discovery is a showcase of leading-edge technologies, best practices and research from sectors such as health, manufacturing, digital media and CleanTech, including energy, environment and water.
Ontario Centres of Excellence (OCE) is funded by the Government of Ontario