This afternoon an announcement by FedDev Ontario Minister Gary Goodyear , along with MP for Mississauga—Streetsville Brad Butt and MP for Mississauga, South Stella Ambler, about an important investment that will accelerate the development and commercialization of new, first-in-Canada medical devices to be used by physicians during heart procedures.
Baylis Medical, a manufacturer and distributor of medical devices, will receive a $15.2 million repayable contribution under FedDev Ontario’s Advanced Manufacturing Fund.
The Government of Canada’s investment will allow Baylis to commercialize and manufacture three new medical device product lines and improve productivity for in-house manufacturing.
Baylis is also expected to create 30 research and development jobs and 60 manufacturing jobs at the company’s facilities in Mississauga, Ontario . This is in addition to new jobs created through the company’s Canadian supply chain.
To read the complete news release click here
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