The investment will support the company in product innovation and adoption while deepening its expansion into the private sector
TORONTO, Canada, January 11, 2023, — BlueDot Inc., a global leader in infectious disease intelligence, announced today that is has received a $3-million investment from the Government of Canada through the Federal Economic Development Agency for Southern Ontario ( FedDev Ontario ). FedDev Ontario recently provided over $14 million towards the scale-up and growth of eight Greater Toronto Area (GTA)-based companies to enhance data in healthcare settings and improve monitoring and tracking software.
Founded in 2013, Toronto-based BlueDot has built and commercialized a real-time early-warning service that combines artificial and human intelligence to anticipate and manage disruption from the growing number of infectious disease threats appearing around the world. The company gained international recognition after detecting and warning its public and private sector clients of COVID-19, nearly a week before the World Health Organization, and for using its predictive modelling technology to accurately forecast its spread and global impact.
“Supporting Canadian innovators, like BlueDot, as they modernize and develop new processes, technologies and products to improve the way Canadians live and do business is critical,” said the Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario. “Today’s over $14-million investment from the Government of Canada for eight GTA businesses highlights our commitment to creating jobs, investing in clean technologies and growing the economy.”
“We’re thrilled to have been selected as a recipient of this funding, which recognizes the urgent need to accelerate the adoption of innovative technologies that protect lives by strengthening resilience to global infectious diseases,” stated Dr. Kamran Khan, CEO and founder of BlueDot. “This investment will help BlueDot empower a broader set of public and private sector organizations in their readiness to respond to infectious disease threats.”
As a result of this investment, BlueDot will expand its client base, help detect future outbreaks and meet the increased demand for its technology, while also creating 40 skilled jobs.
About BlueDot
BlueDot’s intelligence platform empowers public and private sector organizations to rapidly identify, understand, and effectively respond to global biothreats. Combining human and artificial intelligence to track hundreds of infectious diseases and syndromes worldwide, it applies academic data science expertise to anticipate global spread and impact. BlueDot ensures clients know first when disease events emerge, are prepared to respond, can focus on what matters, and can act swiftly and confidently when needed. Founded in 2013 and used by the City of Chicago, Taiwan CDC, Air Canada and more, BlueDot helps clients make critical decisions with clarity and confidence. Learn more at www.bluedot.global.
About FedDev Ontario
For 13 years, the Government of Canada, through FedDev Ontario, has worked to advance and diversify the southern Ontario economy through funding opportunities and business services that support innovation, growth and job creation in Canada’s most populous region. The Agency has delivered impressive results, which can be seen in southern Ontario businesses that are creating innovative technologies, improving productivity, growing revenues, creating jobs, and in the economic advancement of communities across the region. Learn more about the impacts the Agency is having in southern Ontario by exploring our pivotal projects, our Southern Ontario Spotlight, and FedDev Ontario’s Twitter, Facebook, Instagram and LinkedIn.
Contacts:
Jenny Cade
PR & Digital Communications Manager
BlueDot
jenny@bluedot.global
Edward Hutchinson
Press Secretary
Office of the Minister responsible for the Federal Economic Development Agency for Southern Ontario
edward.hutchinson@feddevontario.gc.ca
