Organization: Univ of Toronto

New institute to move discovery into clinical trials

University Health Network and the Univ of Toronto have launched The Techna Institute for the Advancement of Technology for Health to integrate and fast track the R&D and commercialization of new healthcare technologies. The institute was launched with $10 million in start-up funds. The Princess Margaret Hospital Foundation committed $4 million after receiving a $5-million…

Government launches second CERC competition

A second smaller round of the Canada Excellence Research Chairs (CECR) program has been launched, with 10 chairs worth $10 million each up for grabs in the four large priority areas outlined in the 2007 S&T strategic plan with an added emphasis on the digital economy. The two-stage process for selecting the winners involves universities…

IBM acquires Toronto-based Platform Computing Inc

IBM Corp, Armonk NY, has purchased Toronto-based Platform Computing Inc for an undisclosed sum to boost its capabilities in the emerging high-performance computing sector. As an early entrant into the field of grid computing, Platform has seen success with its Load Sharing Facility software which allows information technology departments of companies to manage exploding data…

SGC launches third phase with $49.9 million in funding

The Toronto-based Structural Genomics Consortium (SGC) has received $48.9 million to launch its third four-year phase. The funding is 30% less than in previous phases due primarily to the closure of the SGC laboratory at Karolinska Institutet in suburban Stockholm last June. The funding — 45% of which comes from commercial entities — will support…

DVS Sciences receives $14.6 million in series A financing

DVS Sciences — a Univ of Toronto spin-off — has secured $14.6 million in series A financing, the largest venture-based series A equity financing in the life sciences and medical technology fields in recent years. DVS has developed CyTOF, an analytical instrument that dramatically speeds up the analysis of biomarkers. It recently analyzed 34 biomarkers…

CANARIE supports R&D to ease traffic congestion

CANARIE has invested $700,000 to establish an On-Line Network-Enabled Intelligent Transportation System (ONE-ITS) platform to reduce traffic congestion, fuel consumption and enhance safety in modern urban environments. The platform has been installed at the Univ of Toronto‘s ITS Centre and Testbed allowing collaborative R&D to be conducted among widely dispersed researchers. The platform will utilize…

Automotive partnership fund makes four awards

The Automotive Partnership Fund (APF) has invested $14.9 million in four university-based projects worth a total of $28.7 million. The largest award ($10.6 million) goes to a $16-million R&D project at McMaster Univ for a project entitled Network for the Engineering of Complex Software Intensive Systems for Automotive Systems in collaboration with General Motors Canada,…

QS ranking includes 10 Canadian universities

McGill Univ is the top ranked of 10 Canadian university that were placed in the latest world university ranking by Quacquarelli Symonds (QS), a UK-based student services firm. McGill ranked 19th in the 2010 ranking of 400 institutions and was one of four that placed in the top 100 ahead of the Univ of Toronto…

MaRS Innovation to commercialize two technologies

MaRS Innovation has announced its first two medical technologies for commercialization. MaRS Innovation — funded through the Centres of Excellence for Commercialization and Research program (R$, October 7/08) — is collaborating with the Samuel Lunenfeld Research Institute (SLRI) to commercialize an umbilical cord stem cell technology to initially treat diabetes and possible cardiovascular disease and…

IBM and OCE launch cloud computing pilot

IBM, the Ontario Centres of Excellence (OCE) and several Ontario-based universities and health institutes are participating in a pilot project to deliver anywhere, anytime access to IBM’s proprietary business software via cloud computing – an emerging compute model for delivering and consuming information technology capabilities as a service. The software — IBM’s WebSphere Integration Developer…