Merck and TEC Edmonton partner to create health innovation incubator

Merck Canada Inc has tagged TEC Edmonton to establish a business incubator linking Alberta-based health tech firms to the health research expertise of the Canadian subsidiary of Darmstadt Germany-based Merck Group. The initiative is part of the larger, newly established Alberta Merck Innovation in Health Fund — a partnership between Merck Canada, the University Hospital Foundation and the Alberta Ministry of Economic, Development and Trade. The incubator is intended to create several start-ups in the province’s health innovation space, leveraging business accelerator acumen of TEC Edmonton — a joint venture between the Univ of Alberta and the Edmonton Economic Development Corp.