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Entrepreneurs and government come together to further advance medical technology
After six years of developing their product, Intellijoint finally saw their medical technology used in the operating room.
A medical device startup founded in Ontario, Intellijoint’s goal is to improve the accuracy of positioning during hip replacement surgery.
Co-founders Armen Bakirtzian, Andre Hladio and Richard Fanson state that they are thankful for early-stage funding obtained from government loans, grants, and competitions.
Group manager Gerry Fung states, “Securing government funding can be time-consuming, but the effort can be worth it.” Many startups neglect applying for grants, but Intellijoint was able to secure $18,000 in 2010 and four years later, the company has raised about $7 million in financing.
Read the full article here.
