New Industrial R&D Consortium a Strategic Asset for Québec's Medtech Sector

MONTREAL, Jan. 29, 2013 /CNW/ - MEDEC, Canada's Medical Technology Companies, is delighted with the announcement today of Quebec Government funding for the MEDTEQ Consortium by Mr. Pierre Duchesne, Minister for Higher Education, Research, Science and Technology (MESRST). MEDEC is a founding member of the new medical technology industrial R&D consortium, together with over thirty companies, universities and providers.

By building upon the strengths of representatives of these three key pillars, this open innovation initiative will facilitate the development of leading edge solutions for patients and address unmet needs of healthcare providers.

While the MEDTEQ Consortium will facilitate increased collaboration between companies of all sizes, it will also provide small to medium size companies the opportunity to highlight their capacity for innovation, both incremental and breakthrough, positioning them directly on the critical path to global markets.

« MEDEC will continue to support the consortium as it stimulates the vibrancy of our industry and the leadership of our partners» said Brian Lewis, MEDEC's President and CEO. "It highlights our commitment to the sector's innovation agenda and to the sustainability of healthcare."

About MEDEC
MEDEC (www.medec.org) is the national association representing the medical technology industry in Canada. Our members are committed to providing safe and innovative medical technologies that enhance patient care and advance patient outcomes. The medical technology industry in Canada employs over 35,000 Canadians in close to 1,500 corporate facilities, and has sales of nearly $7 billion per annum. We are committed to ensuring that Canada has a strong and vibrant medical technology industry.

SOURCE: MEDEC (Canada's Medical Technology Companies)

Claudia Ouellet
Director, Communications & Special Projects
514.871.8096 #31
[email protected]
www.medec.org