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Smartphone app reads blood oxygen levels to hospital standards, advances to global obstetrics tests
Date:3/9/2014

ment opportunity, which would not have otherwise occurred."

Noting the poignant timing of the announcement, right after International Women's Day (March 8), Grand Challenges Canada's Chief Executive Officer Dr. Peter Singer said: "This life-saving device is the 'double-double' of global health it leverages both the global ubiquity of mobile phones and the know-how and financial resources of the private sector. We hope this innovation will move swiftly from its invention in a Vancouver lab to villages around the globe, creating jobs in Canada while saving lives around the world."

Grand Challenges Canada's $1 million contribution comes from funds available under a new $10 million strategic partnership agreement announced today between Grand Challenges Canada and DFATD. The new funds will accelerate the scale up of highly promising health innovations in developing countries. It will also enable innovators to access funding, technical and business support and other resources to accelerate their transition to scale.

Said Tom Walker, President and CEO of LGTmedical: "Thanks to this private and public investment, we can produce a tool with the potential to save the lives of women and children in remote, resource-poor communities around the world. We encourage other impact investors to join us in this landmark venture."

"This innovation by LGTmedical is a great example of how we stimulate bold ideas with big impact in global health while mobilizing private sector partners," said Grand Challenges Canada's Chairman Joseph L. Rotman." Tackling global health while creating jobs is the best of both worlds."

After initial funding from the Bill & Melinda Gates Foundation, the innovation was subsequently awarded a seed grant in 2011 by Saving Lives at Birth, a partnership between Grand Challenges Canada (GCC), the U.S. Agency for International Development (USAID), the U.K. Department for International Development (DFID), the Governmen
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Contact: Terry Collins
tc@tca.tc
416-538-8712

Lode Roels
lode.roels@grandchallenges.ca
647-328-2021
Grand Challenges Canada

Tom Walker
tom.walker@lgtmedical.com
778-968-8582
LGTmedical


Source:Eurekalert  

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