London, Ontario is quickly becoming a hub for medical technology innovation. With a growing number of start-ups and established companies in the industry, the city is attracting top talent from around the world. This trend is due to several factors, including the city's strong healthcare system, supportive business environment, and access to research facilities and funding.
Healthcare
London's healthcare system is one of the best in Canada, with world-class hospitals and research centers. St. Joseph’s Health Care London is a leading teaching hospital with several locations and operates as one of Ontario’s most complex healthcare organizations.
London Health Sciences Centre (LHSC) was recently awarded Accreditation with Exemplary Standing, a pursued designation to maintain its commitment to providing the highest level of care. the highest level of performance, having exceeded all requirements of the hospital accreditation program.
Education
Western University, ranked among the top 1% of higher education institutes in the world, excels in its research efforts, and through the Faculty of Health Sciences (FHS), strives to be a world leader in research and education in health. One of Ontario’s largest colleges, Fanshawe serves the greater London region with campuses in London, Simcoe, St. Thomas, and Woodstock.
This has led to a wealth of expertise in the medical field, which has attracted many med-tech companies to the city. In addition, the city has a large pool of skilled workers, including doctors, nurses, and researchers, who can collaborate with these companies to develop cutting-edge technologies.
Business Environment
London's business environment is highly supportive of start-ups and entrepreneurs in the med-tech industry. The city offers a range of resources and programs to help new companies get off the ground, including access to funding, mentorship, and networking opportunities.
The city has a strong history of positive municipal support and a leading economic development structure, with many established companies willing to work with start-ups and share their expertise. This has created a vibrant ecosystem that encourages innovation and growth.
Research Facilities
London is home to several world-class research facilities, including the Robarts Research Institute and the Lawson Health Research Institute. These institutions provide access to state-of-the-art equipment and expertise, making them attractive partners for med-tech companies.
With its strong academic community, Western University and Fanshawe College both offer programs in health sciences and engineering. This has led to a steady stream of talent and ideas that fuel the city's med-tech industry.
Success Stories
London has already produced several successful med-tech companies, including Synaptive Medical, a neurosurgery technology company that raised $25 million in funding in 2018, and StarFish Medical, a medical device design and development firm that has won numerous awards.
These success stories have helped put London on the map as a hub for med-tech innovation, attracting even more investment and talent to the city.
Future Outlook
The future looks bright for London's med-tech industry. With a supportive ecosystem, a world-class healthcare system, and access to research facilities and funding, the city is well-positioned to continue attracting top talent and producing innovative technologies.
As the industry continues to grow, it will bring economic benefits to the city and improve healthcare outcomes for patients around the world.
To learn more about what London Ontario can offer, please visit London Economic Development Corporation.