The investment will allow Flosonics Medical to scale up the manufacturing and distribution of cutting-edge medical solutions while strengthening the province’s pandemic supply chain
Flosonics Medical received over $1.5 million through the province’s Ontario Together Fund to scale up the manufacturing and distribution of FloPatch, the world’s first wearable wireless Doppler ultrasound system.
The investment will support a $3 million project to purchase advanced equipment for a state-of-the-art manufacturing facility that will allow Flosonics Medical to increase production capacity and introduce cutting-edge medical solutions around the world. It will also create 10 new jobs in northern and southern Ontario while strengthening the province’s pandemic supply chain.
“Flosonics Medical is pleased to partner with the Government of Ontario on this important project. The investment will enable scale-up capacity and secure local manufacturing for the production of wearable and wireless medical solutions in Ontario,” said Joe Eibl, co-founder and CEO of Flosonics Medical.
Founded in 2015, Flosonics Medical is a Sudbury-based medical device startup engaged in the research and development of non-invasive sensors aimed at improving patient care.
FloPatch is the world’s first wireless, wearable Doppler ultrasound system that enables rapid, repeatable, and trusted hemodynamic assessments throughout the continuum of care. The medical device adheres to a patient’s neck and wirelessly delivers actionable clinical data to a clinician’s tablet via Bluetooth.
“The pandemic highlighted the importance of being able to respond quickly to emerging medical needs. The wireless functionality of FloPatch enables rapid deployment across most health care settings, and it is especially well suited to resource limited environments,” said Eibl.
Supporting innovative projects like Flosonics Medical’s FloPatch is why the Government of Ontario has invested an additional $50 million in the Ontario Together Fund in 2021-22.
The fund supports local innovators and businesses to further enhance Ontario’s domestic supply chain capacity, promote the province’s MedTech ecosystem, and build the manufacturing sector to ensure Ontario is well-prepared for future challenges.
It also provides other goods critical to the health, safety, and security of Ontarians through the COVID-19 pandemic and beyond.
“Through the Ontario Together Fund, our government is supporting innovative medical technologies so we can unleash Ontario’s economic potential. We are proud to partner with Flosonics Medical to increase their production capacity which will help secure additional Ontario-made medical device manufacturing,” said Minister of Economic Development, Job Creation and Trade Vic Fedeli.