Intellectual Property Ontario aims to make more of discoveries made in province

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By Murad Hemmadi

May 30, 2023

Sadegh Raeisi thinks he has a way to shorten the long times that patients must wait for—and in—medical-imaging machines. Foqus, his Toronto-headquartered startup, uses quantum and machine-learning algorithms to hasten scans. “We are able to make MRI faster because of our technologies,” Raeisi says. “If we cannot protect that secret sauce, we don’t have a business.”

To safeguard that proprietary recipe, Foqus is enrolled in the first cohort of a program run by Intellectual Property Ontario (IPON), a new agency set up to help commercialize more of the innovations made in the province. 

Innovation economy executives and economists have long argued that…

Read more in The Logic. (paywall)