July 23, 2009, Charlottetown, Prince Edward Island
The Honourable Gary Goodyear, Minister of State (Science and Technology), today announced a contribution to Timeless Technologies Inc. from the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP).
The funding supports an innovative research and development project that will support Timeless Technologies in designing and constructing a knowledge-based decision system using artificial intelligence technologies to help veterinarians with diagnostic, therapeutic and prognostic decisions.
"Our government is committed to building a competitive advantage for the Canadian private sector and supports these leading-edge technology solutions," said Minister Goodyear. "The Government of Canada is investing in science and technology to create jobs, strengthen the economy and improve Canadians’ quality of life."
Founded in 1997, Timeless Technologies Inc. develops advanced technology, software applications, hardware and information technology systems for the health-care industry. Timeless Technologies has developed a hospital traceability application for breast milk that has been adopted by several hospital systems in the U.S. and Canada. The $345,000 funding will support the Charlottetown-based company in developing software that will connect the latest veterinary information with symptoms observed by an attending veterinarian to help in making the best decision on choice of treatment or medication.
"Investing in science and technology is critical for developing highly skilled people and improving the long-term competitiveness of Canadian firms," said NRC President Dr. Pierre Coulombe. "That's why NRC-IRAP is helping innovative Canadian businesses such as Timeless Technologies grow stronger, faster and bigger."
"Timeless is extremely pleased to be receiving this NRC-IRAP investment today," said John Rowe, President of Timeless Technologies Inc. "This funding will allow our firm to further our research and development in computer-aided decision support systems for veterinary medicine, and it will help to establish Canada as a leader in this emerging field."
The NRC Industrial Research Assistance Program (NRC-IRAP) provides a range of both technical and business-oriented advisory services along with necessary financial support to qualified innovative Canadian small- and medium-sized enterprises.
The program is delivered by a field staff of 240 professionals in more than 100 communities across Canada. NRC-IRAP is committed to working with small and medium-sized enterprises while they realize their full potential, turning knowledge and innovation into strategic opportunities, jobs and prosperity for all Canadians.
The Government of Canada’s Economic Action Plan has provided new resources of $200 million over the next two years to bolster NRC-IRAP support for innovative Canadian firms. To learn more about Canada’s Economic Action Plan, visit www.actionplan.gc.ca.
