ONtrepreneurs Program

Epineuron Technologies, Inc., a bioelectronic medicine company, announced the completion of a financing round to support production development and clinical validation for its neuroregenerative technology - designated a breakthrough device by the FDA.

Spiderwort, an Ottawa-based healthtech and biomaterials startup, has raised a seed round of funding at $3.4 million CAD ($2.5 million USD).

Spiderwort is developing a new biomaterial that uses plant-derived cellulose to create a variety of “scaffold architectures” for regenerative medicine. It is currently in the pre-clinical stage of this product. The startup plans to use the funding to continue its work towards clinical trials, which it called “key” to bringing its biomaterial to market.

In the most rewarding relationships, everyone brings something to the table. When OBI partners with other organizations, we consider the ways each party can be of value to a mutually shared goal.

The Welbi platform is a perfect example. The innovation of an innovative Ottawa startup, Welbi helps senior living communities reduce social isolation, and acts as a personal assistant automating administrative tasks, providing alerts and making recommendations to staff so that they can better tailor their services to the needs of their community.

Congratulations to OBI’s ONtrepreneur, Mohammad Amini from Nanology Labs on winning the 2020 MEDTEQ Innovation Summit of $200,000.

Nanology Labs is developing safe and smart MRI contrast agents for early detection of brain tumors. A revolutionary non-toxic MRI contrast agent Manganescan™, uses the element manganese to illuminate early stage tumors, specifically in the brain. Early stage detection provides clinicians advance knowledge for diagnosis, better treatment options.