Grants and Contributions:

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Title:

812968

Agreement Number:

812968

Agreement Value:

$49,000,000.00

Agreement Date:

Aug 26, 2020 - Sep 30, 2035

Description:

Sunnybrook Research Institute's INOVAIT network will transform Canada's image-guided therapy sector into a global leader by integrating artificial intelligence and data advances into the creation of new medical technologies and firms that use imaging to treat, diagnose and monitor disease. The project’s work phase is scheduled to end on September 30, 2027.

Organization:

Innovation, Science and Economic Development Canada

Expected Results:

The network will work to provide a viable solution to the image-guided therapy market by directing project funding to support collaborative research and development initiatives, address issues in medical data storage, access and security, and deliver training programs focused on medical imaging and AI. INOVAIT will help create jobs, grow SMEs and will better the health of Canadians by providing faster diagnosis and safer treatments, reducing the length of hospital stays.

Location:

Toronto, Ontario, CA M4N3M5

Reference Number:

033-2020-2021-Q2-812968

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

813563665

Recipient Type:

For-profit organization

Additional Information:

Please note these updates include changes to improve standardization of reporting across projects. The original start date was updated to reflect the correct execution date. The end date was updated from the end of the work phase (31/03/2027) to the current end date of (30/09/2035). This includes an extension of 6 months. The end date now reflects the entirety of the agreement duration, including the benefit phase and residual audit period.

Amendment Date

Jun 19, 2026

Recipient's Operating Name:

Sunnybrook Research Institute

Recipient's Legal Name:

Sunnybrook Research Institute

Federal Riding Name:

Don Valley West

Federal Riding Number:

35021

Program:

SIF Stream 4 - Demonstration

Program Purpose:

Encourage R&D that will accelerate technology transfer and commercialization of innovative products, processes and services; Facilitate the growth and expansion of firms in Canada; Attract and retain large scale investments to Canada; and-Advance industrial research, development and technology demonstration through collaboration between academia, non-profit organizations and the private sector.

NAICS Code:

621510

Amendments:

See Amendments