The Government of Canada announced $2 million in funding to FluidAI Medical (FluidAI) through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), as part of a broader investment aimed at supporting Waterloo Region businesses.
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The funding will be used to enhance FluidAI’s manufacturing processes and expedite the commercialization of its advanced postoperative care technologies for global markets. FluidAI’s Stream™ Care, which integrates state-of-the-art AI algorithms and advanced sensing hardware like Origin™, empowers healthcare professionals to make data-driven decisions that may aid them in improving patient outcomes and shortening hospital stays.
“We are honoured to receive this funding from the Government of Canada,” Youssef Helwa, CEO of FluidAI. “This validates our commitment to revolutionizing postoperative care through innovative AI technology and is a strong endorsement of our vision to drive forward healthcare innovation.”
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“AI is revolutionizing patient care and improving lives,” said the Honourable Evan Solomon, Minister of Artificial Intelligence and Digital Innovation and Minister responsible for the Federal Economic Development Agency for Southern Ontario. “We’re proud to support Canadian innovators, like FluidAI, who are dedicated to putting people at the heart of healthcare. Their AI-driven solutions empower healthcare professionals to make informed decisions that enhance patient outcomes and reduce hospital stays. This commitment to people-focused innovation is helping Canada lead the way in life-saving medical technology.”
This funding will support ongoing research and development, optimize production capabilities, and enable FluidAI to expand its market reach—ensuring that more patients around the world benefit from its breakthrough solutions.
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Source – PR Newswire
