ventureLAB, a leading global founder community for hardware technology and enterprise software companies in Canada, located in York Region, has announced a Memorandum of Understanding (MOU) with Sterling Industries, a top North American medical device contract manufacturer. This partnership underscores their mutual dedication to accelerating the growth of the MedTech ecosystem in Vaughan.
“As a strategic partner, Sterling Industries has been instrumental in advancing ventureLAB’s MedTech stream,” said Hugh Chow, CEO of ventureLAB. “With decades of experience in medical device development, Sterling’s leadership team has played a vital role in supporting our MedTech ecosystem. Our collaboration represents an exciting leap forward in driving MedTech innovation in Vaughan and across Canada, and we are eager to continue strengthening this partnership.”
Last year, ventureLAB celebrated the opening of its Hardware Catalyst Initiative (HCI) MedTech Lab at Sterling Industries, a state-of-the-art facility focused on advancing hardware devices for medical applications. Since its inception, Sterling Industries has supported ventureLAB through various initiatives, events, and workshops aimed at accelerating the commercialization of medical technologies for entrepreneurs in the hardware and semiconductor sectors.
“The MedTech Lab is a unique resource designed to help innovators develop and validate new medical solutions that will ultimately improve patients’ lives,” said David Van Slingerland, CEO of Sterling Industries. “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 creation of tomorrow’s life-changing medical devices.”
The MOU signing took place at Vaughan Studios & Event Space, where ventureLAB, Sterling Industries, and the City of Vaughan hosted a panel discussion uniting the MedTech ecosystem, followed by a networking event.
“The MedTech Lab is an unmatched resource among accelerators, offering essential medical device infrastructure to support entrepreneurs,” said Nima Mohtaram, Advisor Founder Services at ventureLAB. “We’re proud to have Sterling Industries as a partner and look forward to continuing our journey toward becoming a key hub for innovation in the medical device industry.”
For more information on engaging with ventureLAB’s MedTech stream or accessing the MedTech Lab, visit ventureLAB’s website.
