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Ontario Brain Institute receives $11M investment

The Ontario Brain Institute was founded in 2010 to foster collaboration among brain researchers, and develop relationships between those researchers and industry partners who can bring innovations to market.

Helping the institute make good on that goal is the federal government, which recently announced an $11-million investment in OBI. The money will aid the commercialization of 14 separate projects, devices and therapies, and is bolstered by an additional $11 million in private investments OBI has already raised.

A sampling of the projects that will supported by the funding:

- A study of the potential benefits of deep brain stimulation in the treatment of Alzheimer's, led by Dr. Andres Lozano of Toronto Western Hospital
-  A clinical trial of a "site-specific and sustained release-microparticle technology platform" that can deliver drugs directly to the brain, a collaboration between Dr. Robert and Edge Therapeutics Inc.
- Bringing Smarter Kids, a learning tool for pre-school children, online through a variety of virtual platforms, a project coordinated by Dr. Sylvain Moreno (Baycrest Centre for Brain Fitness) and Cookie Jar Entertainment

A total of 28 partners are involved in the projects supported by this funding, including both nonprofits, local private companies and five multi-national corporations.

Writer: Hamutal Dotan
Source: Michele-Jamali Paquette, FedDev Ontario
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