October 3, 2025

Investment will help two Sudbury companies develop innovative health-care technologies

SUDBURY — The Ontario government is investing $943,632 through the Northern Ontario Heritage Fund Corporation (NOHFC) to help two Sudbury-based medical device companies advance their life sciences projects. As part of the government’s plan to protect Ontario, the government is funding innovative work that boosts the province’s health-care system, supports jobs and secures the North’s position as a leader in the life sciences sector.

“Northern Ontario is home to incredible talent and bold ideas that are helping to build a stronger, more self-reliant province,” said George Pirie, Minister of Northern Economic Development and Growth. “These projects are leading the way to new possibilities for stroke and cardiac care and will have an immense impact on people’s lives in the North and beyond.”

As part of this investment, IRegained Inc. is receiving $443,632 for its MyHand® System, which helps people who have had a stroke or sustained injury regain mobility in their hands. The rehabilitation technology is clinically effective, customizable and more affordable. The funding will allow the company to buy equipment and supplies, fulfill regulatory and intellectual property requirements and advertise the MyHand® System.

“Continued support from the NOHFC has been instrumental to the progress that IRegained has made from inception to the commercial launch of its MyHand® System,” said Vineet Johnson, CEO, IRegained Inc. “We are committed to building the Northern Ontario innovation ecosystem with partners like the NOHFC.”

Furthermore, Flosonics Medical Inc. is receiving $500,000 from the NOHFC to create, test and promote its convenient, wireless heart monitoring patch. With the technology, health-care workers can spot heart failure faster in users and do so remotely. The device does not need to be operated by expert health technicians and is the first of its kind to have a sensor that tracks heart activity and blood flow.

“Support from the NOHFC has been instrumental in the development and commercialization of FloPatch, a technology now used across North America to improve the care of acutely ill patients,” said Joe Eibl, CEO, Flosonics Medical Inc. “Expanding its ease of use and connectivity – particularly in low-resource settings – is key to bringing advanced care to patients with limited access to specialty services.”

Announced in June 2025, the Ontario government is refocusing the NOHFC to prioritize investments that protect northern industries and jobs, mitigate the impacts of U.S. tariffs and trade disruptions and secure new opportunities for the long-term prosperity of Northern Ontario. The renewed focus is boosting competitiveness and ensuring the North remains a leader in Ontario’s economy. This new direction is in addition to the province’s recently announced investment of an additional $30 million over the next three years, bringing the NOHFC’s annual budget to a total of $110 million. Together, these initiatives will benefit communities of all sizes, both rural and urban, including Indigenous communities.

Quick Facts

• Through its funding programs, the NOHFC offers support to public and private sector economic development projects across Northern Ontario.
• Since June 2018, the NOHFC has invested more than $939 million in 7,563 projects in Northern Ontario, leveraging more than $2.8 billion in investment and creating or sustaining over 11,900 jobs.

Additional Resources

• The NOHFC, Northern Development Offices and Small Business Enterprise Centres support northern communities, businesses and other stakeholders in identifying economic development opportunities and government funding programs.