Ottawa is set to become the country's leading authority in medical devices commercialization.
The federal government has invested nearly $15-million in the new Medical Devices Commercialization Centre, which will be housed at the University of Ottawa Heart Institute.
Dr. Thierry Mesana, the president and CEO of the Heart Institute told CFRA their goal is to help inventors create all kinds of medical devices.
"It's not only about cardiac devices," he said. "It's about medical devices, whether they are implanted in the body, like inserted in the body, like for instance a stint - a device to prevent blockage of an artery. There can also be devices used outside the body, like in the hospital... like a monitoring device."
"Ideally the inventor would come with a prototype, something," said Dr. Mesana. "There are many people out there who have a prototype for something. They don't know how to go to the next step."
He said the centre would help those inventors create their product.
"We're just helping the inventor," said Mesana. "Sometimes these people have already their company set up, but they lack some funding. If we estimate that we can help the inventor with his company or without his company, help him to structure his business and connect him to the right people with industry and the investors, then we will help the project."
He said many Canadians have been forced to take their patents out of country in order to produce their products and this centre will help Canada reap the benefits of the $335-billion worldwide market for medical devices.