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PEI supports innovation

Six business ideas have received funding from the Prince Edward Island innovation agency.

Each business initiative received $25,000 to support research to move its ideas closer to the market. “In order to grow the provincial economy, we must invest in research and pre-commercial projects,” said innovation minister Allen Roach. “These projects have been chosen because of their potential to lead to strong economic development within Prince Edward Island, and the opportunities they will allow for future economic development.”

The winners include three academics at the University of Prince Edward Island in Charlottetown, for projects involving stem cell therapy for bone healing, an exercise training and recovery device, and integrating radio-frequency ID chips with Stepscan tiles used to measure gait.

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