Kanata medical testing company receives $1M government investment
Posted Jan 25, 2023 03:00:00 AM.
Kanata-based medical diagnostics company Evik Diagnostics received a nearly $1 million investment from the federal government to scale up production and reduce their energy consumption.
Member of Parliament (MP) for Kanata-Carleton Jenna Sudds announced the investment, which will see the creation of a dozen jobs, on behalf of Filomena Tassi, the Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario).
“With this support, EVIK Diagnostics is contributing to a stronger, greener southern Ontario economy, while also creating 12 new high-tech jobs here in Kanata,” stated Sudds in a press release.
Evik Diagnostics manufactures single-assay beads, a reagent product used for detection and analysis of infectious diseases, including COVID-19, HIV and Anthrax.
The investment, administered through FedDev Ontario's Business Scale-up and Productivity stream, will help Evik Diagnostics ramp up production and modernize their freeze-drying equipment, reducing their energy consumption by165,000 kW annually, equivalent to approximately15 Canadian households.
Since 2015, FedDev Ontario has invested $240 million in health and bioscience businesses, and $210 million in total for Ottawa area businesses.
