Suppliers to showcase innovative products and solutions at MMI 2012
TORONTO, Oct. 18, 2012 /CNW/ - Canada has the resources to fuel Medical and Dental Device Manufacturing growth and make Canadian businesses successful on a global stage. That's why more companies are turning to Canadian suppliers to provide innovative solutions. OtoSim Inc., a Canadian start-up company running a Canadian-based virtual manufacturing operation sourced from all Canadian suppliers, will be among the featured exhibitors at Medical Manufacturing Innovations 2012 (MMI 2012). Their success demonstrates Canadian manufacturing can help companies to successfully compete in a global market.
"When you're a small start-up, local suppliers are a lifeline," says Andrew Sinclair, CEO, OtoSim Inc. "You can deal with them face-to-face and they bring expertise to the table that a distant supplier building to print cannot."
OtoSim makes the OtoSim™ device, an otoscopy training and simulation system that has been shown to improve the accuracy of diagnosing ear pathologies by 44 per cent. The device, based on research by doctors at the Hospital for Sick Children (SickKids), required materials that Sinclair and his team sourced from Greater Toronto Area companies including MaticAir Supply and Manufacturing Ltd (Concord), Formatic 2000 Inc. (Mississauga), Max Precision Turning Inc. Concord and CompuSoft Development Ltd (Toronto).
OtoSim Inc. has successfully brought its technology to market through its relationship with MaRS Innovation (MI), which commercializes the most promising technology breakthroughs from 16 of Toronto's top universities, hospitals and research institutes, including SickKids. MI worked with the technology's inventors to develop a business plan, raise funds to create and test a prototype, source suppliers and take the technology to market. In the year since its launch, OtoSim has closed nearly $500,000 in global sales.
Suppliers of the Medical and Dental Device industry will be on-site at the upcoming MMI 2012 next Wednesday, October 24 and Thursday, October 25 at the International Centre (Hall 6), showcasing their products and solutions for companies interested in growing their business and bringing their innovative ideas to market. Conference sessions on the MMI show floor will cover topics such as "Challenges and Solutions to Innovation" and "Take Back Manufacturing," which will examine manufacturing's importance to Canada's economy and how to revive this vital sector.
SOURCE: MaRS Innovation
For further information:
For media passes to Medical Manufacturing Innovations Toronto 2012, additional information, or to set up interviews, please contact:
MMI Event Manager, Society of Manufacturing Engineers