FedDev Ontario supports innovative home healthcare management service
Investment of $750,000 improves remote access and creates 11 jobs
July 25, 2017 – Toronto, Ontario – Federal Economic Development Agency for Southern Ontario (FedDev Ontario)
The Government of Canada is investing in innovative healthcare solutions that will keep our nation strong and thriving.
Healthcare systems are impacted by the aging baby boomer generation and are looking to the tech and software community to provide solutions that are more affordable and outcome-driven. AlayaCare’s system supports more cost-effective, efficient delivery of healthcare, especially for post-acute and chronic disease patients who need 24/7 healthcare services. This includes remote monitoring services that allow health care agencies and patients to access and receive care from home.
FedDev Ontario funding, through the Investing in Business Innovation initiative, will allow AlayaCare to commercialize its home healthcare system throughout the North American home health care industry – which consists of more than 29,000 agencies and hospice providers, including homecare. This project will strengthen the medical software and service industry in southern Ontario and build on Canada’s technology expertise, by supporting the development of innovative software solutions for the healthcare sector and creating up to 11 permanent full-time jobs.
“Today’s announcement is great news for Canadians, as it will support the growth of an innovative and cost-effective resource for healthcare management. The Government of Canada is proud to support AlayaCare through this project.”
- Ali Ehsassi, Member of Parliament for Willowdale
“Canada’s publicly funded, universal healthcare system is a great source of national pride. Supporting companies, like AlayaCare, which are making advancements in healthcare services is what will keep our nation strong and thriving now and in the future. FedDev Ontario’s investment in AlayaCare reflects our government's commitment to improving the quality of life of Canadians, while also supporting economic development through innovation.”
- The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for the Federal Economic Development Agency for Southern Ontario
“Our employees, customers and their patients have all witnessed the benefits of well designed and developed software. This FedDev Ontario contribution will increase AlayaCare’s scale to push our success further and faster.”
- Adrian Schauer, CEO, AlayaCare Inc.
AlayaCare Inc., established in 2014, is a Canadian software company that provides cloud-based software to help healthcare providers, including home healthcare agencies, administer and deliver care to patients remotely, using tools such as mobile apps, online patient reporting, billing tools as well as portal access to schedules and patient information.
The FedDev Ontario repayable contribution of up to $750,000 is leveraging up to $1.5 million in matched funding from Recap Health Venture and five Maple Leaf Angel investors.
- Date modified: