Click here to read the full press release. Source: Wire ServiceMarket Wired – October 22, 2014
As a former military surgeon, Innovative Trauma Care (iTraumaCare) Chief Medical Officer Dennis Filips knows trauma injury, which led to his development of an innovative hemorrhage control device that has been welcomed in markets around the world. He sees TEC Edmonton’s new partnership with Toronto-based investment bank Bloom Burton & Co. (“Bloom Burton”) as a way to bring needed growth capital to companies like his. “We have a great product. We have great customers. We’ve had great support from local investors, and now, as we launch worldwide, we welcome the opportunity for the new TEC Edmonton – Bloom Burton partnership to help us grow our business.”
Companies like iTraumaCare, and their needs for growth capital, led incubator TEC Edmonton to form a new partnership with Bloom Burton, Canada’s premier healthcare investment banking firm.
Recently named “2014 Incubator of the Year” by Startup Canada and “10th Best University Incubator in the World” by the 2014 University Business Index (UBI), TEC Edmonton will launch its new TEC Health Accelerator initiative on November 27, 2014, with the support of Bloom Burton.
The TEC Health Accelerator, an initiative led by TEC Edmonton and partnered with Innovate Calgary, accelerates the growth of Alberta biotechnology companies and will help to connect community entrepreneurs with medical and scientific researchers in Alberta, investors, Alberta Health Services (AHS) and industry partners in the human health, animal health and agriculture sectors. By bridging the gap between these entities, TEC Edmonton and Bloom Burton aim to broker major financing or partnership deals for clients in the healthcare space.
“Bloom Burton’s successful track record, approach to growing companies and exclusive dedication to healthcare make it a natural partner for TEC Health Accelerator,” said Chris Lumb, TEC Edmonton CEO. “By combining Bloom Burton’s resources with our Alberta innovation connections and expertise, our clients will gain access to new markets, funding, research, and innovation services to help them grow even faster.”
“In our view, TEC Edmonton has assembled every ingredient necessary to help healthcare companies succeed in Alberta,” commented Brian Bloom of Bloom Burton. “Our firm is dedicated to providing advice and capital to extraordinary Canadian healthcare companies, and by partnering with TEC Edmonton, we are excited to identify and support those in Alberta.”
The official TEC Health Accelerator launch event will take place on November 27, 2014, at The Westin Edmonton where more details on the new program will be announced. For more information, visit www.tecedmonton.com or contact:
Program Director, TEC Health Accelerator
Phone: (780) 492-8977
Executive VP, TEC Edmonton
Phone: (780) 492-8977
President, Bloom Burton & Co.
Phone: (416) 640-7580
About TEC Edmonton
TEC Edmonton helps tech entrepreneurs accelerate their growth. In addition to being the commercialization agent for University of Alberta technologies, TEC Edmonton operates Greater Edmonton’s largest accelerator for early stage technology companies, including both university spinoffs and companies from the broader community.
TEC provides services in three broad areas: client business development, technology commercialization, and entrepreneur development.
TEC’s ~125 active clients are an outstanding group of companies. Since 2011, TEC clients have generated $310M in revenue, raised $160M in financing and funding, invested $85M in R&D, grown both revenue and employment by 25% per year, and now employ over 1800 people in the region. In addition, TEC has assisted in the creation of 14 spinoffs from the University in the last two years.
In 2013, TEC Edmonton was identified by the Scandinavian University Business Incubator (UBI) Index as the #1 university business incubator in Canada, and in 2014 ranked #10 in the world by the UBI Index. TEC Edmonton was also named “Incubator of the Year” by the 2014 Startup Canada Awards.
For more information, visit www.tecedmonton.com.
About Bloom Burton & Co.
Bloom Burton & Co. is an investment banking firm dedicated to accelerating returns for both investors and companies in the healthcare sector. Bloom Burton has an experienced team of medical, scientific, pharmaceutical, legal and capital markets professionals who perform a deep level of diligence, which combined with a creative and entrepreneurial approach, assists to lead to our clients to the appropriate monetization events. Bloom Burton and its affiliates provide capital raising, M&A advisory, equity research, business and scientific consulting services, direct investing and company formation and incubation services. Please visit www.bloomburton.com to learn more.