Dispension Industries is transforming the distribution of limited products with an built-in platform that combines market-major program, biometrics and components to create a secure, frictionless encounter for the customer
up-to-date: Mar 3, 2021 11:00 EST
March 3, 2021(Newswire.com) –
L-SPARK, Canada’s major accelerator for the Linked MedTech marketplace, announces that disruptive health care technological know-how from Dispension Industries, just one of the startups currently collaborating in L-SPARK’s initial MedTech Accelerator cohort, wins validation as Wellbeing Canada resources MySafe Society’s harm reduction initiative.
Health Canada has introduced $3.49 million in funding by means of the Compound Use and Addictions Method (SUAP) to the MySafe Society for a damage reduction initiative enabled by Dispension Industries’ integrated platform that brings together market-leading software program, biometrics, and components to aid the safe, frictionless distribution of restricted merchandise.
MySafe, which introduced in 2019 in Downtown Vancouver, stops drug overdoses by delivering controlled, harmless quantities of pharmaceutical-grade opioids to qualified members.
Main to the alternative is Dispension’s safe kiosks which help participants to securely obtain individually approved medicines, as effectively as build chances for reliable checking, education, and help to control drug use, and lower drug overdoses.
“In addition to directly addressing the poisonous drug supply, MySafe enormously reduces the have to have to receive funds and medication as a result of the informal financial system, which is everyday living-modifying for men and women caught up in the desperate pursuit of procuring medicines. Early effects of the MySafe Challenge analysis point out that all participants have been in a position to lower their use of street opioids and most lessened their engagement in the avenue financial system,” said Dr. Mark Tyndall, Executive Director of the MySafe Society.
Dispension’s Confirmed Identification Dispenser (VID) system is outfitted with biometric palm vein engineering that permits precise verification of a registered user’s identification before enabling them to accessibility the restricted merchandise saved safely within.
It is well timed that Dispension is a single of eight startups currently taking part in L-SPARK’s initially MedTech accelerator cohort which started in late 2020.
Dispension’s involvement in this plan has given the corporation pre-industrial obtain to a technological know-how platform intended by company associates TELUS, BlackBerry, Solace, and the Canadian Internet Registration Authority (CIRA) to accelerate the development, integration, and commercialization of related IoT professional medical units.
“Through access to this engineering, Dispension is nicely-positioned to scale to tackle requires connected to safely and securely and securely dispensing a vary of restricted items, which includes achieving underserved and remote communities,” claims Leo Lax, Executive Taking care of Director at L-SPARK. “We look forward to watching as Dispension scales its arrive at nationwide and internationally.”
Corey Yantha, CEO of Dispension, suggests, “We’re excited by the opportunity to validate our technological know-how in the market, specially as the driving force at the rear of this very essential existence-conserving initiative. Canada proceeds to wrestle with historic prices of lethal overdoses and MySafe is the most scalable way of addressing the overdose disaster head-on.”
L-SPARK is Canada’s foremost accelerator for the Related MedTech industry as very well as Software package as a Support (SaaS) companies. The accelerator offers systems concentrated on future ground breaking B2B and B2B/B2C companies, as properly as targeted packages that husband or wife with foremost businesses in Linked Cars and trucks (AV), IoT and CyberSecurity.
Considering the fact that the start of its initially cohort in January 2015, L-SPARK has accelerated 61 companies across Canada. With more than 10,000 buyers, corporate associates and startups now in its network, L-SPARK has curated a dynamic Canadian tech community for collaborating providers to join.
About Dispension Industries
Dispension Industries is a Dartmouth, Nova Scotia-primarily based technology company pioneering safe IoT kiosks outfitted with innovative biometrics and virtual treatment abilities for restricted product or service distribution and immediate-from-client data selection. Dispension’s mission is to use automatic distribution know-how to resolve genuine community health and safety challenges.
Name: Jacob Crompton-Schreiber
Email: j[email protected]