Vancouver, British Columbia, July 10, 2024 /CNW/ – Digital, Canada’s The Global Innovation Cluster for Digital Technologies today announced its largest investment yet in innovative Canadian health technology companies and researchers to accelerate the development and adoption of AI-powered technologies to better support healthcare providers and improve patient outcomes.
Led by ORX, in collaboration with teams across Canada from Tali AI, HEALWELL AI, Phelix AI and WELL Health Technologies, Simon Fraser University (SFU). DIGITAL’s investment in the Health Compass II project will introduce an innovative suite of four AI-driven modules that improve patient engagement, reduce administrative attrition, assist providers with documentation, and enhance clinical decision-making. These modules will be integrated through an electronic medical record (EMR)-agnostic mobile app to further drive patient engagement. WELL’s capabilities as a Canadian leader in EMR innovation, AI healthcare solutions, and information security services will support the consortium’s joint efforts in privacy, cybersecurity, and ethical AI implementation for Health Compass II.
Digital Investment $15.3 million To support the consortium of organizations, the total value of the project is increased by investments from project partners. $44 millionThis new initiative is the original $3.1 million The 2022 investment showcased the potential of an AI-powered ecosystem to transform electronic medical records (EMR) via WELL’s EMR, leveraging ORX’s predictive AI technology and Tali AI’s AI assistant.
“C“Canada has a tremendous opportunity and obligation to leverage our global leadership in AI research to accelerate the commercialization of Canadian AI applications and tools. These tools will help solve some of the world’s biggest challenges while accelerating the growth of Canadian companies. DIGITAL’s continued investment in its Health Compass initiative supports improving the health of Canadians, while also supporting Canadian innovators.”” Said Sue PaishCEO of DIGITAL.Since 2018, DIGITAL has been working to foster innovation, support the growth of Canadian businesses and spur private investment in digital solutions that make a positive difference in the lives of Canadians.”
DIGITAL’s new investment underscores DIGITAL’s commitment to helping competitive Canadian companies scale by leveraging and accelerating private investment in innovation. The collaboration will consolidate tangible intellectual property (IP) developed through previous DIGITAL investments, while enabling the growth of Canadian companies and supporting Canadian industry leaders and Canadian AI research.
“This is a monumental milestone and we are honored and grateful for DIGITAL and Minister Champagne’s office’s commitment to supporting healthcare innovation.,” Said Hamed ShahbaziCEO and Founder of WELL Health Technologies.”At WELL, we are committed to leveraging technology to help healthcare providers ultimately improve patient outcomes, and projects like Health Compass II directly support this mission and are essential in accelerating the digital transformation of healthcare.“
His Excellency FrancoisPhilippe ChampagneMinister of Innovation, Science and Industry, Tlaib Noor-Mohamed and Member of Parliament for Vancouver-Granville attended WellHealth’s digital launch. Vancouver In the office, we had a live demo of one of Tali AI’s Health Compass AI-powered modules, showcasing how the company’s AI assistant technology collects medically important information through natural conversations without distracting healthcare professionals from the patient, reducing a significant administrative burden.
“Artificial intelligence offers transformative opportunities for healthcare professionals to innovate and improve patient experiences. Canada We are at the forefront of this vital field.” His Excellency François said:Philippe ChampagneMinister of Innovation, Science and Industry. “Our government is proud to advance the digital technology cluster, working with industry partners and researchers to transform the delivery of health care services to Canadians.“
“From helping medical professionals take notes and record diagnoses, to streamlining paperwork and enhancing the patient care experience, this innovative project is using AI to build a better future for Canadians.” said Tlaib Noor-Mohamed, Parliamentary Secretary to the Minister of Canadian Heritage.The government is hopeful that the Health Compass II project will be a success, as well as other made-in-China projects.Canada Innovation that brings social and economic benefits to all“
Since 2018, DIGITAL has $200 million Total $255 million Invested in Canadian-led AI technology development, commercialization and adoption. DIGITAL’s co-investments will spur private industry investment and $637 million The portfolio spans healthcare, natural resources, agriculture and workforce development. DIGITAL’s private sector partners include: $1.2 billion We raised additional capital and generated over 630 Canadian-owned IP assets and patents.
More information on this investment and the Health Compass projects it supports can be found here.
The release can be accessed in French here.
About Digital
Digital, Canada’s The Global Innovation Cluster in Digital Technologies grows Canadian businesses through the development, adoption and deployment of Canadian-made technologies, working with industry to develop a digitally skilled workforce and positively impact life across the country.
We bring together business, academia, communities and government agencies to solve some of industry and society’s greatest challenges better and faster than any single organization could do alone. Through a powerful model that combines cross-sector collaboration, the creation of Canadian intellectual property and outcomes-based co-investment, we unlock the potential for Canadian industry to lead and thrive in the digital world.
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