CHARLOTTETOWN -- Six Island business initiatives will receive Innovation P.E.I. support in carrying out new research and in moving their ideas ands products towards the marketplace.
“In order to grow the provincial economy, we must invest in research and pre-commercial projects,” said Allen Roach, Minister of Innovation and Advanced Learning, in announcing funding for Somru Biosciences, Mugisha Enterprises, Checkmate Solutions and three projects headed up by University of Prince Edward island professors.
“I am tremendously grateful for the grant funding from Innovation PEI in the support of our science,” said Dr. Jamie Burr who is researching an exercise training and recovery device. “We are extremely hopeful that our progress will offer benefits to a host of potential users ranging from persons with chronic disease to elite athletes. This funding brings us one step closer to a product that will benefit the lives of Islanders and Canadians across the country.”
Each project receives a $25,000 provincial grant from the Pilot and Discovery Fund. The aim of the fund is to support early stage proof-of-concept projects that will lead to the development of new products, services or processes in the strategic sectors.
Somru Biosciences is working to develop an autoimmune diagnostic for Infliximab therapy, Mugisha Enterprises is working on video assistant; Checkmate is doing business software and application development; and UPEI’s Dr. Qianq Ye is integrating RFID and Stepscan tiles and Dr. Laurie McDuffee is researching stem cell therapy and bone production/healing.