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Why Ryerson Venture Zone is building a healthtech hub in Brampton fuelled by pilot programs
Despite the increased interest in telehealth brought on by the COVID-19 pandemic, for healthtech startups in Canada, a key challenge remains commercialization. Whether navigating the murky waters of public or private sector procurement, “you can’t do healthcare innovation unless you figure out who pays,” according to MedStack CEO Balaji Gopalan.
One of the best bridges over these murky waters is a pilot program, which provides startups with a first customer to unlock revenue, credibility, and needed feedback. So when Ryerson University expanded its Venture Zone programs to Brampton and opened applications for its first healthtech incubator program, sourcing corporate pilots became a key focus.