SURREY — The City of Surrey and Simon Fraser University (SFU) have joined forces to incorporate Innovation Boulevard.
Innovation Boulevard is a one-square-mile centre of health-care technology anchored by Surrey Memorial Hospital and SFU Surrey, designed to accelerate real-world patient solutions.
Over the past three years, the project has secured $45 million in grant funding, created 17,000 square feet of embedded lab space, and taken three new health technology products to market.
The new corporation will be led by a board of directors.
The partners have also committed to invest nearly $1 million over the next three years.
Mayor Linda Hepner is co-chair of Innovation Boulevard.
“Creative partnerships are the key to solving some of today’s biggest challenges and addressing issues such as the pressure on the health-care system,” Hepner said.
“Innovation Boulevard uses collaboration to link and leverage universities, hospital campuses, companies and other assets in Surrey, across the region and around the world.”
SFU President Andrew Petter said the corporation supports the university’s recently launched SFU Innovates Strategy which aims to “harness SFU’s strength of putting research into practice by engaging with industry and the community to solve real-world problems.”