One of the fastest-growing cities in Canada, Mississauga, Ont. is home to a booming medtech sector and some of the biggest names in innovation, including Boston Scientific Corporation, which made headlines recently with its $1.75B USD acquisition of Mississauga’s home-grown Baylis Medical Company.
The list of Mississauga success stories just keeps growing. Roche Canada recently announced plans to launch a Global Artificial Intelligence Centre of Excellence, with an investment of $500M to expand operations in Mississauga. Meanwhile, PointClickCare, which is headquartered in Mississauga and employs over 1,000 people, was recognized by the Globe and Mail as one of the fastest-growing companies in the country.
Over 165 medtech companies now call Mississauga home, and as this list continues to grow, many are asking what makes the city such a great place to set up operations:
- Long track record – The success of medtech businesses is made possible by Mississauga’s life sciences cluster dates back over 60 years to when a company called AstraZeneca opened a manufacturing facility. It has since become one of the life sciences clusters on the entire continent.
- Overflowing with talent – Scientists, engineers, and other professionals who have contributed to the development of technology and inventions live in the city. With 64% of residents holding a post-secondary degree or diploma and 620,000 employees holding a STEM degree, Mississauga has an amazing talent pool within the Toronto region.
- Smart, strategic partnerships – With a portfolio of partnerships including BioTalent and Life Science Ontario, the City amplifies its reach in supporting talent acquisition by partnering with top tier research institutions including the University of Toronto Mississauga.
- Big community support – Over 30 universities and colleges, offering over 300 technology focused medical and life sciences-related programs, are within commuting distance of the city.
The Good Life
Mississauga is a vibrant city with a rich and diverse culture, top-tier restaurants, exciting outdoor activities, and world-class events to enjoy.
With so much to see and do, it’s easy to stay active and engaged living in Mississauga. And for those who crave a bit of relaxation and downtime, there are plenty of parks and green spaces to enjoy.
The City of Mississauga offers people the good life. A recent survey of residents found that 89% consider the quality of life in the city to be “excellent” or “good”; 90% consider Mississauga an “open and welcoming community”; and 77% think the city is moving in the right direction.
The Presence of Medtech Sector Heavyweights
Medtech and life sciences businesses in Mississauga are flourishing. Here are just a handful of them:
- PointClickCare Technologies. The leading healthcare technology platform enabling meaningful collaboration and access to real-time insights has recently acquired Audacious Inquiry – a highly innovative connected care solution. Together they will improve patient outcomes through an integrated care delivery system powered by one of largest networks in North America.
- Roche Canada – In an effort to help Canada stay on top of its game when it comes to improving health care, Roche Canada has launched the AI Centre Of Excellence. This center focuses all efforts in digital transformation for healthcare delivery and outcomes while reducing costs with quality AI-based solutions.
- GE Healthcare announced the launch of an AI accelerator program targeting mature Canadian startups with innovative solutions for the healthcare industry. The program will enable qualifying startups to bring their solutions to market through GE’s Edison Digital Health Platform. This will put hundreds of clinical, workflow, analytics and AI tools at the fingertips of clinicians around the world.
- Abbott announced that their Neuro Sphere Virtual Clinic has been licensed by Health Canada, making it the first-ever remote programming technology in North America. This tool helps patients living with chronic pain or Parkinson’s Disease, who might otherwise find access challenging due to location, enjoy quality care.
- Novo Nordisk The Novo Nordisk Network for Healthy Populations is a $40 million investment ($20M from Novo Nordisk and $20M from University of Toronto) that will improve the lives of people with diabetes, and those at risk, by funding initiatives to prevent the disease and to diagnose early cases, as well as educate people about healthy living habits.
Mississauga has all the elements necessary to push emerging technologies forward and cement its reputation as a global leader in the medtech sector. Here, companies get to collaborate with top talent from around the globe, unlocking unparalleled potential and driving progress in every field. Whether you are an established company or entrepreneur in search of success, there truly is no place quite like Mississauga.
From October 24-26 at the Boston Convention & Exhibition Center, City of Mississauga will be exhibiting at The Medtech Conference. This event will feature: panel discussions on a wide range of topics, including MDR/IVDR, breakthrough designation and supply chain issues; and plenary sessions featuring speakers from the medtech sector.