Burlington healthcare tech firm gets $616,000 investment from provincial government
Published May 4, 2022 at 2:21 pm
A Burlington-based healthcare technology company has been awarded a provincial investment of more than $600,000.
AceAge Inc. creates intuitive products to ease the aging process and improve health outcomes.
AceAge’s product, Karie, is a smart pill dispenser that delivers, reminds, connects, and secures medication to promote medication adherence for seniors. Karie helps to reduce those taking medication from needing emergency care visits or assisted living care admissions.
“Karie helps seniors and other Ontarians maintain their independence and wellness, whether they are aging at home, supported by home care or in Retirement Living homes,” said John Simmons, CEO of AceAge.
“The OTF support is significant and will allow us to continue to grow our business while creating manufacturing, science and engineering jobs here in Ontario.”
The money is part of the Ontario Together Fund, which is seeing the province invest more than $1.9 million and expected to create at least 41 new jobs.
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The goal of the funding is to increase the manufacturing of domestic medical supplies and the development and export of homegrown solutions and innovations.
“After three years of development, AceAge launched its Karie medical device in 2018 to make it easier for people and their loved ones to take the right medication at the right time,” said Jane McKenna, MPP for Burlington.
“Our government is proud to support AceAge in the development and distribution of simple health tools that help encourage better health outcomes. As a direct result, AceAge will add 25 new jobs to its workforce in Burlington.”
AceAge is investing $1,540,000 to scale up domestic manufacturing and assembly of Karie devices to meet domestic and international demand and to make upgrades to their app.
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