In person and virtual
The TAP Life Sciences program by World Trade Centre Toronto empowers SMEs in the MedTech industry for strategic international growth. With top commercialization advisors, tailored coaching, and essential resources, it equips businesses to scale successfully.
This program, hosted in partnership with MaRS, is designed for leaders, CEOs, owners, and C-suite executives of Ontario-based MedTech companies. Over seven weeks, through a mix of virtual and in-person hands-on workshops and mentoring sessions, seasoned professionals help participants develop an effective commercialization strategy for international markets.
Canadian MedTech companies often secure their first clients internationally before establishing a significant presence in Canada. Early-stage ventures must quickly understand user, payer and regulatory preferences in global markets. Given the industry's rapid growth, international readiness is crucial for initial commercialization. Canadian companies must prioritize export readiness and international business skills early to succeed globally and build sustainable businesses.
Unlock Global Opportunities with TAP Life Sciences. This program is designed to equip SMEs in the Medical Technology industry with:
- Understanding key concepts in Medical Technology commercialization for international market access.
- Ensuring product meets healthcare needs and demonstrates value.
- Validating target markets and creating a tangible export plan to serve as a blueprint to support commercialization efforts.
- Creating profitable entities with a local and global customer base.
Contact:
Hamza Abid
Coordinator, Business Development
World Trade Centre Toronto
habid@bot.com
The Trade Accelerator Program is supported by several partners, including Innovation, Science and Economic Development, in delivering Canada’s Export Diversification Strategy.
Agenda
Week 1: Mindsets and Blind Spots for Scaling Internationally // (In-Person): September 5, 2024; 9am to 5pm | Location: Toronto, TBD
- Preparing Medical Device Companies to Export Globally
- Innovative Thinking: A Framework for Contextual Creative Problem Solving in Healthcare
- Systems Mapping: Integrating Technology into Healthcare Systems & Necessary Adaptions
Week 2: Market Access // (90-minute Virtual): September 10 & 12, 2024
- EU Market Access Fundamentals
- US Market Access Fundamentals
Week 3: Understanding the Nuts & Bolts // (In-Person): September 17, 2024; 9am to 5pm | Location: Toronto, TBD
- Business Case Fundamentals
- Medical Device Regulatory Approval – Fundamental Considerations
Week 4: IP, Privacy, & Commercialization // (90-minute Virtual): September 24 & 26, 2024
- IP Protection and Commercialization of Medical Devices – Part 1
- Privacy Implications and IP Q/A – Part 2
Week 5: Show me the Money! // (In-Person): October 1, 2024, 9am to 5pm | Location: Toronto, TBD
- Reimbursement Strategy and Health Economic Fundamentals
- Panel: Financing International Expansion
- Fireside Chat: CEO Spotlight. A Canadian Success Story – From Concept to Acquisition
- Panel: International Expansion: Pitfalls and Opportunities Through the Lens of Seasoned Entrepreneurs and Business Leaders
Week 6: Export Plan Check-in & Working Group // (90-minute Virtual): October 8, 2024
- Key Deliverable: An export plan to be vetted by a series of experts to support their international expansion
Export Plan Submission // (Virtual Submission): October 15, 2024
Week 7: One-on-one mentoring // (Virtual): October 29, 2024
- Details: 30-minutes one-on-one meeting with industry experts
Speakers
Tickets & Registration
Eligibility Criteria
- Life sciences companies post-seed with over $1 million in non-dilutive and equity financing.
- Have a differentiated and validated technology or product with market traction, including at least a minimum viable product and quantifiable evidence of maturity (revenue, number of users, investment, or TRL 6 or greater).
- Can demonstrate product-market fit by defining the target audience and the problem being solved.
- Have a passionate, strong, and committed management team with at least one senior manager (C-level or founder) who can commit to participating in the entire program, and a seasoned advisory board.
- Demonstrate readiness to talk with potential partners.
- Demonstrate financial resources to cover in-market costs.
- Registered as a business in Canada
Apply for the session
TAP is designed for export-ready companies meeting the eligibility requirements outlined above. Your application will be reviewed by one of our team members, who will connect with you within 3-5 business days to discuss your program status.