Biotwin

Nov 23, 2023

Life Sciences British Columbia All News November 17, 2023 LSBC Communications Canadian small and medium-sized businesses play a vital role in driving innovation and contributing to Canada’s vibrant research and development ecosystem. As more and more companies harness the power of artificial intelligence, the Government of Canada is delivering on its commitment to support the growth of Canadian businesses while helping to position Canada as a world leader in responsible artificial intelligence research and innovation. The Honourable Jean-Yves Duclos, Minister of Public Services and Procurement and Member of Parliament for Québec, on behalf of the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, celebrated the success of BioTwin  and announced that the company is receiving advisory services and up to $425,000 in funding through the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP). The funding will support the development of BioTwin’s virtual twin technology, which uses patients’ metabolomic profiles and artificial intelligence to detect and predict early cancer development to better assist health care professionals. Today’s announcement further demonstrates the Government of Canada’s commitment to supporting innovative Canadian businesses, helping them take their big ideas to the next level. By helping to revolutionize our health care industry, this contribution also aligns with Canada’s  Biomanufacturing and Life Sciences Strategy  and supports the growth of Canada’s life sciences ecosystem. Quotes “When we support Canada’s small and medium-sized businesses to help them take their innovative ideas to the next level, great things happen. By supporting BioTwin and other innovators like them, we are helping solve some of the biggest challenges Canadians face.” – The Honourable Jean-Yves Duclos, Minister of Public Services and Procurement and Member of Parliament for Québec “Artificial intelligence is one of the greatest technological advances of our generation and already has a significant impact on the daily lives of Canadians. Our government is committed to supporting Canadian companies developing responsible artificial intelligence technologies that allow them to tackle big challenges through innovative solutions, helping to shape a better future for all Canadians.” – The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry “NRC IRAP supports innovative Canadian small and medium-sized businesses in developing, commercializing and launching new technologies. Companies like BioTwin are making Canada’s research and technology landscape stronger and more innovative, and we are committed to providing them with the support they need to successfully grow and take these ideas to market.” – Iain Stewart, President, National Research Council of Canada “We are grateful for the continued support of the Government of Canada and energized by our shared vision that innovation and equitable access to early detection tools are the pillars that will tip the scales in our favor in the fight against cancer.” – Louis-Philippe Noel, General Manager and Co-Founder, BioTwin Quick facts The National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) provides advice, connections and funding to help Canadian small and medium-sized businesses increase their innovation capacity and take ideas to market. Through its network of over 265 industrial technology advisors in over 110 locations across Canada, NRC IRAP provides customized solutions to Canadian small and medium-sized businesses through expert advice, funding, and access to national and international networks across all industry sectors. In fiscal year 2022–23, NRC IRAP assisted more than 9,000 firms, funded over 3,000 projects and provided advisory services to more than 6,000 unfunded firms. On February 16, 2023, the Government of Canada released its  blueprint for the Canada Innovation Corporation , which will integrate NRC IRAP activities. The Canada Innovation Corporation will help drive Canadian business investment in research and development and foster economic growth. Contacts