North American medical device contract manufacturer, Sterling Industries signed a MoU with Canada’s ventureLAB to accelerate the growth of MedTech ecosystem in Vaughan.
“As our strategic partner, Sterling Industries has been instrumental in the development and advancement of ventureLAB’s MedTech stream. With their decades of experience in medical device development, Sterling’s leadership team has played an important role in supporting our MedTech ecosystem. Our collaboration represents an exciting step forward in driving MedTech innovation in Vaughan and across Canada and we are excited to continue strengthening this partnership,” said Hugh Chow, CEO of ventureLAB.
Since its inception in 1984, Sterling Industries has lent its support to ventureLAB through various initiatives, events, and workshops focused on accelerating the commercialization of MedTech for entrepreneurs in the hardware and semiconductor sectors. Last year, ventureLAB opened its new Hardware Catalyst Initiative (HCI) MedTech Lab at Sterling Industries. The HCI is a state-of-the-art facility dedicated to the advancement of hardware devices for medical applications.
“The MedTech Lab is a one-of-a-kind resource, built to help innovators develop and validate new medical solutions that will ultimately improve patients’ lives,” said Sterling Industries CEO, David Van Slingerland. “We’re excited to build on our long-standing partnership with ventureLAB. We share the same passion and vision to strengthen the local MedTech community, and support the development of tomorrow’s life-changing medical devices.”
The MoU signing took place at Vaughan Studios & Event Space.
“The MedTech Lab as a resource is unparalleled among accelerators, providing critical medical device infrastructure to support entrepreneurs,” said Nima Mohtaram, Advisor Founder Services at ventureLAB. “We are proud to have Sterling Industries as a partner, and we look forward to continuing our journey toward becoming a key destination for innovation in the medical device industry.”
