The provincial government has released its 2024-26 HealthTech and BioTech Ecosystem Action Plan.
What that means essentially, says Technology Minister Andrew Parsons, is that the province is willing to support start-ups and other companies exploring opportunities in the health and bio tech fields.
“Health tech is how we apply tech to health care, which could be…tools, using AI, data analytics,” says Parsons, and includes things like wearables, or using health care apps on your phone. BioTech, meanwhile, uses living cells to better understand human health.
“The plan is a way for use to support these companies, to encourage new companies and to shepherd them over a three-year period.”
TechNL hosted its annual Innovation Week conference this week.