Entrepreneurs and government come together to further advance medical technology

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.