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Why Ryerson Venture Zone is building a healthtech hub in Brampton fuelled by pilot programs

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.

Tech startups can apply for funding and get in front of industry partners with this opportunity

The seven-month incubator program is completely free of charge to start-ups. With the backdrop of a global pandemic that’s lasted almost a year so far, it’s never been more clear: Health is an extreme priority, and one that we can’t innovate enough. However, building your own tech startup is already challenging enough as it is, and even more so when it comes to rapidly evolving health situations like the ongoing COVID-19 pandemic.  For those reasons and more, Ryerson Venture Zone (RVZ) in Brampton is launching its a golden opportunity for entrepreneurs who want to develop and innovate in the health and wellness sector. Applications are now open until February 5, 2021.

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