NorDocs Technologies awarded $149,000 from Ontario Centres of Excellence
Ottawa, Ontario, October 26, 2012 — NorDocs Technologies has received $149,000 through Ontario Centres of Excellence’s (OCE) Market Readiness program to take its product development to the next stage.
“We would not be where we are today without the support and guidance of OCE,” said Stanley Shapiro, MD, CEO NorDocs Technologies. “This award is just another indication of the important relationship we have developed with OCE’s Ottawa office over the last two years. The Market Readiness funds will help NorDocs move closer to entering the medical devices market. This makes all the difference in the world.”
The $149,000 award will go toward the overall project cost, estimated at $330,000. The project is the continuation of a previously approved initiative that was done in conjunction with the University of Ottawa. Funding for the project will go toward intellectual property, integration and verification of the product components, fabrication and certification of the product.
“NorDocs is an Ottawa and OCE success story having already created more than 15 high quality engineering and research jobs since 2011,” said John Fielding, OCE’s Regional Director, Eastern and Northern Ontario. “We have supported this company through various stages of its development and look forward to their future innovations.”
NorDocs Technologies was founded in 2010 by addiction medicine physicians with the purpose of finding a better way to treat addiction. The company offers a complete suite of services to addiction clinics with the goal to improve treatment outcomes and reduce the long-term costs of care for addiction therapy. NorDocs is located in Sudbury, Ontario with R&D in Ottawa, Ontario, and is currently developing technologies for the assessment and treatment of addiction, beginning with nicotine and narcotic addictions. To learn more about NorDocs Technologies, visit www.NorDocs.com
About Ontario Centres of Excellence (OCE) Inc.
Ontario Centres of Excellence (OCE) Inc. drives the commercialization of cutting-edge research across key market sectors to build the economy of tomorrow and secure Ontario’s global competitiveness. In doing this, OCE fosters the training and development of the next generation of innovators and entrepreneurs and is a key partner with Ontario’s industry, universities, colleges, research hospitals, investors and governments. A champion of leading-edge technologies, best practices and research, Ontario Centres of Excellence invests in sectors such as advanced health, digital media and information communications, advanced manufacturing and materials, and cleantech including energy, environment and water. OCE is a key partner in delivering Ontario’s Innovation Agenda as a member of the province’s Ontario Network of Excellence (ONE). Funded by the Government of Ontario, the ONE is made up of regional and sector-focused organizations and helps Ontario-based entrepreneurs rapidly grow their company and create jobs. For more information visit www.oneinnovation.ca
VP Business Development, NorDocs Technologies
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