Montreal, June 21, 2018 – The TransMedTech Institute, a living lab that supports the development and implementation of medical technologies, and the Consortium for Research and Innovation in Medical Technologies in Quebec, MEDTEQ, are proud to announce the signing of a partnership agreement that confirms the terms of collaboration for the structuring, approval, funding and management of innovative projects in medical technology.

Simplifying and accelerating the implementation of innovative medical technology projects

This agreement will simplify and accelerate the steps to be taken by TransMedTech researchers by harmonizing the project selection processes of the two organizations.

This agreement also allows MEDTEQ’s Scientific Committee to evaluate joint projects (eligible for both TransMedTech and MEDTEQ funding), as well as projects eligible for TransMedTech funding only. This committee is composed of industrial and academic members of the consortium as well as external experts, recruited on a case-by-case basis for their expertise in the specific field of the project to be evaluated.

The agreement also confirms the implementation of a project co-financing system. Indeed, TransMedTech and MEDTEQ have developed complementary skills in this field, and their alliance will allow collaborative research and innovation projects eligible for funding from both organizations to be funded first by TransMedTech, and then to access MEDTEQ funding once they have reached a sufficient level of technological maturity.

TransMedTech and MEDTEQ: complementary strengths for innovation !

TransMedTech and MEDTEQ are also joining forces to co-manage collaborative research and innovation projects eligible for funding from both organizations. This co-management is made possible by the sharing of expertise, infrastructure and human resources, which the agreement also provides for. Thanks to the agreement, Ms. Djazia Liamini was hired a few weeks ago to manage joint R&D projects.

Propelling Québec to the forefront of medical technology innovation

The Chief Executive and Scientific Officer of TransMedTech Institute, Prof. Carl-Éric Aubin, and Diane Côté, President and CEO of MEDTEQ, are very enthusiastic about the prospects of this agreement:

“Our combined skills and expertise will undoubtedly create a value chain, as well as bridges to industry and enable medical technology R&D projects that will have a real impact on society to be implemented more quickly and easily”. -Prof Carl-Éric Aubin, Executive and Scientific Director of the TransMedTech Institute.

“The complementarity of TransMedTech’s research skills, and MEDTEQ’s expertise in establishing the industrial sector in medical technology innovation projects and commercialization, is certainly a winning formula for research teams, industrial partners, healthcare centers and ultimately the patient”. -Diane Côté, President and CEO of MEDTEQ.

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About TransMedTech

The TransMedTech Institute (iTMT) is a living lab supporting fast-tracked development and deployment of next-generation medical technology solutions in healthcare settings in three complex disease categories: cancer, cardiovascular illnesses and musculoskeletal disorders. TransMedTech originated with an initiative led by Polytechnique Montréal in collaboration with four founding institutions (CHU Sainte-Justine, Montreal University, CHUM and the Jewish General Hospital) and about thirty other partners. iTMT is supported by the Canada First Research Excellence Fund, Québec Ministry of Economy, Science and Innovation and the Fonds de recherche du Québec along with multiple government, philanthropic, socio-economic and industry partners.

About MEDTEQ

MEDTEQ is the Consortium for Industrial Research and Innovation in Medical Technology. Its mission is to accelerate the development of innovative technological solutions to improve patients’ health and quality of life. MEDTEQ supports their validation and integration in the healthcare system and maximizes their impact, both locally and globally, by bringing together the complementary skills of industrial and academic partners, and those of healthcare providers. https://www.medteq.ca/en/