FedNor invests more than $2.3 million in medical technology and innovation in Thunder Bay region

Federal Economic Development Agency for Northern Ontario - FedNor

Federal funding to support technology development that will fuel job creation, and improve health outcomes for Canadians

July 19, 2022 - Thunder Bay, ON - Federal Economic Development Agency for Northern Ontario - FedNor

Growth in medical technology and innovation helps build and maintain strong regional economies while improving foundations of local health services. This support of the medical sector will help Canadians everywhere experience the high quality of living for which our nation is recognized globally.

The Honourable Patty Hajdu, Minister of Indigenous Services and Minister responsible for FedNor, and Member of Parliament for Thunder Bay-Superior North, today announced a FedNor investment of $2,324,776 in support of three medical technology and innovation projects in the Thunder Bay region.

Of the total, the Thunder Bay Regional Health Sciences Centre (TBRHSC), will receive $1,228,005 to enhance and expand its Radiopharmacy/Cyclotron technology, which makes radioactive isotopes for medical imaging and research. TBRHSC will also receive $684,110 to renovate and upgrade its medical imaging suite and purchase cutting-edge equipment to expand the research and development capacity. As part of the announcement, the Lake Superior Centre for Regenerative Medicine (RegenMed), will receive FedNor funding of $412,661 to purchase and install a patented acellular dermal matrix product that will improve health outcomes for diabetes and other chronic wound and burn patients.

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