Able Innovations, a Toronto, Canada-based robotic medical device startup, raised USD $6M in total venture capital and grant funding.
Investors and funders included:
- Champion physicians Dr. Gaurav Puri and Dr. Andrew Vellathottam
- NorthSpring Capital Partners
- University of Waterloo’s incubator, Velocity, and its Health Tech Fund
- Ontario Centre of Innovation’s Market Readiness Fund
- Federal and provincial government grants
Co-founded by Jayiesh Singh and Philip Chang, Able Innovations is using robotics to transform processes for healthcare staff by incorporating safety and dignity into a routine procedure that affects providers and patients.
Its ALTA Platform automates the demanding task of patient transfer: moving a patient from one surface to another — e.g.: from bed to stretcher. Such transfers occur frequently and require 2 or more staff to exert back-breaking effort. In a post-pandemic system that is seeing nurses burn out and facilities short-staffed, ALTA enables workers to do more with less.
Able’s solution has resulted in partnerships with Canadian and American systems including the U.S. Veterans Health Administration (VHA), Toronto’s University Health Network (UHN), and Ottawa’s Élisabeth Bruyère Hospital.
FinSMEs
14/06/2022