We are happy to announce the incorporation of a Canadian subsidiary, Mind the Byte Ltd, and the opening of a new office in Toronto. The new location in the heart of city’s tech hub is ideally situated in Canada’s largest biotech cluster, offering a range of opportunities for collaboration and partnership.
So far, our experience in Canada has been very positive. Since the acquisition of Intelligent Pharma early this year, Mind the Byte is present in the country with an office in Calgary (Alberta) and has started doing business with some clients. With the opening of the subsidiary company and the new office we plan to increase our Canadian biopharma market deployment and further expand our business in the area.
With this in mind, Dr. Alfons Nonell-Canals, CEO and founder of the company, participated this month in a business mission to Toronto to start scouting for new clients, partners and investors in one of the most advanced ecosystems in the world.
The business mission, organised by ACCIÓ in collaboration with the Canadian consulate in Barcelona, Biocat and the Canadian ToHealth cluster, coincided with Toronto Health Innovation Week (THIW), which offered more than 30 activities and attracted 3,500 participants to debate the future of technology in the health sector. Nonell-Canals pitched Mind the Byte at the conference Building Bridges Canada-Catalonia in healthcare, part of the THIW. During the same event, he also promoted the CataloniaBio & HealthTech as a member of the board.
Toronto hosts the largest geographic concentration of health science assets in Canada, with strong connections to other global knowledge and market centres in the health sciences, as well as the MaRS Discovery District, one of the most innovative hubs in Canada. A series of characteristics that have helped to create a prosperous ecosystem for the region with a great potential for growth and investment that would place it among the most important in the world.
The health system of the country is similar to the Catalan and the European ones, since it also promotes the entry of new technologies. In this regard, the objective of the company is to sell its products and services in the country. However, according to Nonell-Canals, “Canada is also an excellent gateway to the United States market, enjoys an excellent technological offer and has investment availability.”
This new subsidiary office is part of Mind the Byte’s business plan for the company’s growth and internationalisation. In 2015 it opened its first European subsidiary in the Copenhagen Bio Science Park (Denmark) while in 2016 it moved into the Japanese market in partnership with several local firms.