Funds $ 1M per team
Takes 0-10% equity
Funds 2 startups per year
Markets Hardware Health/Medical Robotics Software Artificial Intelligence +9
Invests in North America Canada
*** FOR CANADIAN COMPANIES ONLY ***

MEDTEQ is focused on coordinating participants, resources, and funding for health-technology (hardware, software, diagnostics, medical devices) collaborative projects.

Collaborative projects are when start-ups and SMEs sponsor projects in public, not-for-profit, institutions (e.g.: hospitals, universities, etc.) as a way to offset costs or seek out a particular external expertise.

For this program, projects should be focused on Technology Readiness Level (TRL) 6, or above (e.g.: Product demonstrating the critical functions of the element in a relevant environment all the way to selling).

Previous collaborative projects have been of the following type:
1. multisite trial supporting regulatory applications for high-risk implants.
2. previously cleared adult medical device, now focusing on determining pediatric-specific parameters.
3. health technology assessments to clarify an economic case for a health product.
4. comparative studies contrasti...
*** FOR CANADIAN COMPANIES ONLY ***

MEDTEQ is focused on coordinating participants, resources, and funding for health-technology (hardware, software, diagnostics, medical devices) collaborative projects.

Collaborative projects are when start-ups and SMEs sponsor projects in public, not-for-profit, institutions (e.g.: hospitals, universities, etc.) as a way to offset costs or seek out a particular external expertise.

For this program, projects should be focused on Technology Readiness Level (TRL) 6, or above (e.g.: Product demonstrating the critical functions of the element in a relevant environment all the way to selling).

Previous collaborative projects have been of the following type:
1. multisite trial supporting regulatory applications for high-risk implants.
2. previously cleared adult medical device, now focusing on determining pediatric-specific parameters.
3. health technology assessments to clarify an economic case for a health product.
4. comparative studies contrasting the safety and efficacy of multiple products.

MEDTEQ is offering to purchase equity, up to $1,000,000 CAD, to help finance collaborative projects.

Features:
> We will subscribe to your current term sheet.

Requirements:
> Primary use of proceeds is the collaborative project. In the event that the project budget is satisfied, remaining proceeds can be deployed elsewhere in the company at the discretion of the CEO.
> The funds are, at most, 50% of the value of the collaborative project total budget.
> The Company must show concurrent or recent private investment of at least 5X the value of MEDTEQ's amount. Matching funds will have been raised within the trailing 6 months.

Eligibility:
> Target companies: Health-technology companies looking to engage in collaborative innovation projects with industry partners and university researchers.
> SME: companies must have less than 500 employees.
> Canadian companies: Companies should have meaningful, and sustained operations in Canada.
> Location of Work: Activities must occur within the Canadian tax base.
> Benefits to Canada: Our funds must generate incremental economic activity and improved quality of life in Canada.
> The project work must be performed in Canada.
> You must have less than 500 employees.
> Innovative: Must be able to demonstrate that the product is innovative, game-changing & scalable.
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Jenny Diep
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