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DIAGNOS Announces Financial Contribution of $400,000 from the Government of Canada

Jan 30, 2025 - financialpost.com
Diagnos Inc., a Canadian corporation specializing in early detection of critical health issues through its AI-based FLAIRE platform, has received a financial contribution of up to CA$400,000 from the Canada Economic Development for Quebec Regions (CED). This funding will support Diagnos in implementing an international marketing strategy for its CARA (Computer Assisted Retina Analysis) project. The contribution, covering 50% of eligible expenses, is set for the period from June 7, 2024, to June 30, 2026, with repayment beginning 24 months after the project's completion over a span of 60 months, interest-free.

Diagnos President and CEO André Larente expressed gratitude for CED's support, highlighting the company's recognition as a key asset in the Canadian economy. CED, focused on fostering economic development in Quebec, supports SMEs in becoming more innovative and competitive. Diagnos's CARA tool enhances retinal image analysis, providing a cost-effective solution for real-time patient screening. Further details are available in the press release from CED dated January 29, 2025.

Key takeaways:

  • DIAGNOS Inc. received a financial contribution of up to CA$400,000 from the Canada Economic Development for Quebec Regions organization to implement an international marketing strategy for its CARA project.
  • The financial assistance agreement specifies that CED will cover 50% of eligible expenses related to the project, with repayment starting 24 months after the project's end and spanning over 60 months without interest.
  • DIAGNOS is recognized for its FLAIRE AI platform, which aids in the early detection of critical health issues, and its CARA tool provides cost-effective real-time screening of retinal images.
  • CED is focused on fostering business start-ups and growth in Quebec, aiming to make enterprises more innovative, productive, and competitive to boost economic well-being in the region.
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