Ontario Community Newspapers

Waterloo Chronicle (Waterloo, On1868), 11 Mar 2015, p. 15

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l . two i kiimtiunoNit‘tt -\s‘ntiii-siitiv ‘vldrth ll 2tlIW-15 N t i] t t ' C ’ Feds muests more than $1. 775 mtllzon to help get new products to market Rt BUB VRRANM "‘ ‘ casting and streaming accessible join“ ll'jfrit} 3 ’ from the palm of a reporter's hand. if if ‘ the next step is to take that reliable. he lederal goteriiitieiit‘s ‘ A; , immediate and eos‘teffective sen”? I push to help (Ullllllt‘l’tlallm‘ JV? 7 f {i icetoawider market. new tet htiology and get it to ~4’ f £53 M 3 fa '" i, ”t This is the second round of lllttlkt‘l Lister was on display again ’ 73s} ‘ 3 t ' funding the company has received lttsr week with a SI 773 million f‘““‘ H V???“ - 1 K i from the Investing in Business ll H‘sltllt‘ltl iii three lotal high teeh ‘ Innovation initiative and they've r ttrtatmtttes t been able to leverage that futiding ‘r‘t.::erloo \ll’ l’eter Braid was on , . d, ; to attrat‘t more outside investors: l tllill ltl\l iridas to make the , ' " ~. "This allows you to attract more rlllllt tit lll t‘lllt'lll on behalf oi the ' investors iii addition to hiring more o it t :l gtiti-riiiiteiit and ledl let “3 people." said Fnisinat "this funding srtttrltt-rtt (llllill'lll I he funding. ~- 3 l is the perfect thitig for this eeosvs ttttttttii; horn ledl )e\‘s Investing iii tent to evolve lt rstriess ltiiittsation initiative Will i “It will allow our company to h» it lttt .il ioiiipanies ‘\ll\lk Net- i grow to that next stage. This fund at ttks Hetero and llllt‘lllllllnl \lll’gt ”fl . mg allows you to get over the hump ltll :.=ke the nest step in bringing 7 l and deal With the international "it tr ‘te'w prtxltit’ts to market 3: u ‘ h“ “on! - competition " i ”tut. tk Networks \\lll get up to 1, _ y. ’ ' A _ ffrtisitia said there is a lack of st tll out» to market and (Ulllltlt'f ' l " funding itt the midâ€"tier between zit/e lls network titaniigeinetit I " ’ angel investors and venture capital llll'i‘itflt‘ Hetero \\lll get up to “I“ ists. [he government investment \,“ r not) to toinplete the (l('\t‘l(lpâ€" q H 3 3 fills that gap, "We've been fortunate l“l ttt or its wireless liroadi .isi solo -. q " D that the federal government hasthis lt rlt.:r “axon displat at the sot hi 5 “h ‘ ”ya program in plate," he said, ltl fll'.lll|ll( (tttlllt‘s to Russia l“ ' ”43“ for Armen Bakinziant ( H1 and l ' tr til ”a? ' coâ€"founder of liitellitoint Surgical it lrtreltitottit Mirgti til whit h host ’ fl- , Will help the launch out of its set tt‘ ‘lll‘ ttirtiliiigaiiiioiiiit eiiietit .it its 4? â€" a f - ond generation system that hopes ‘lt tltio produt tioti lat llll\ last to eliminate (‘oniplit‘ations frotti ’ ‘sdat will get up to S’t’iottht to , . t hip replacement surgeries using -, tarp rilltl rotiiitieri rah/e its su ' â€"-3 â€"â€" ' . s... ,., disposable sensors that help stir it: generation siiiatt tool for f m be «â€"r Est geons iti the seleftioti and position til ‘ttmt'dtt surgi-rt .ilter already Waterloo MP Peter Braid looks on as Arman Bakirtzuan, CEO and «flounder of lntellitomt Surgical, demonstrates iiig t)f()r1h()pd(‘dl( implants it i t t. trig approxals front llll'tlll a] how his (ornpany‘s neirt generation devt(e hopes to help orthopaedtr surgeons eliminate complications assoctatâ€" "It's a fttll featured and full sen ‘r u tutors and stir ressfiillt using its ed With hip replarement surgenes The federal government announeed $1 775 million in funding to support teed product that really S()|\'('s, d” t - generation ilet H .r t“ mp lntellttornt and next stage companies Auvrk Networks and Detero wow-um mm the problems that onhopaedtt stir ‘t lltrlt t‘ltil‘lll surgeries iit ( .iti.id.i , germs might experience." he said t: rt the ll \ and putting our region oii the map” trim“ the opporttitiitt that we have “ People are inundated With "were rezdlvexeited to release it this 'tt total the investment sliotild said Braid in front of us." said Morin "We're iii tethnology and all they really want year, and have our first intertiatioii i , tit t n-.ite Ti highlv skilled tolts as \1r|lh Vlotrtt ro louniler and that phase where when you hate it to do is help thentf said Morin al trade show in a i'oiipleofweeks " it, tittipatiies look to expand the t llttrf \ii\ik Networks, said the more hands on (leek we have more "lt‘s about making it easier and Braid said the funding Wlll allow ttktt tor their prodtir ts It will funding will help the \\.iterloo sales and we ran move that snow making the network iti the offite the ronipantes to expand both t t slippfll’l .iiiothi-t HR positions lttlst‘tl 1 ontpaiit build tip its sales hall forward ' like using the power You don‘t have nationally and iiilertiatioiialls tttt rl1l\ treated to help these 1 out ti rid llltt tit-ting initiatives .is ll [he strength of their ptodiit t is it an on site elet tnr‘tart, it lust works " "We want to see ( ortipanies sup ‘rlllt‘*s iii their (letelopitient rtiiit l.llllll lies \%<|\\ to iti,ike network keeps network tii.iti.igenietit siiii lot l)(‘|(‘Nt founder and ( hiel ported along the growth totitittit tr llll)‘rllNl\4ll1"s(It'lldfllllt’lll's llttlllttul‘llll‘lll ‘sllllltll‘l plr lhe want to treat it like a titilttt lei linology ”flit er Bogtlan l rusititi. lint"? he said ”When the federal l ltese three ittrtitmttii-s All “it II he .llllt‘ to.itld Illllll‘ lllt‘lll so when you throw oii the sum h it they‘ve already demonstrated how govertittietit is as the table it helps tittttti' stitllt’ prettt atria/trig things ltl ts to til” learn tilltl iiuillt ll|.|ll is there .iiid .i\.iilahle to use flies (an make professtotial broad .ittrart further interest tlllll t .iptt.il AI I ENTION BUSINESSES " ' ‘ ' I“ ‘ ' ' ' I. n M i? 33: 33?- ~3 «fl . w r“ if; 3 _ Gift ' t : , 14 ‘ r, w x I; D =' 3 . ‘f'tl. r. a lMPRESS|0N [ L; l. , i , i at; f» > , a; 3MW&)SItQ. ~3 vr‘ -' J fit ;3 r 3; ‘ 3 .3 . m _ , -- ‘ l a?!“ j t _-.. " l a , ' ‘ , t? is A I _ . u ‘q 3 . , 3 f” L __ ”' ~ " â€"â€" e 3. ‘ I N, ‘- \ a ,_ .W, to NICLECafl Tod Anderson 519 623 3050 ext. 232 ’ ‘ U' “ “U“U“ .

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