Over two dozen jobs will follow after a big cash announcement for the health technology sector in Kitchener.
Minister of Economic Development, Job Creation and Trade Vic Fedeli was in town Wednesday to announce $5.8 million for two Kitchener companies, Intellijoint Surgical Inc. and Vena Medical.
The two companies are both on Wellington Street in Kitchener, near the expressway.
The combined cash will support nearly 60 jobs, which include 16 new positions.
“This funding strengthens Intellijoint’s ability to innovate, create high quality jobs in Kitchener, and build a globally competitive business,” said Armen Bakirtzian, co-founder and CEO of Intellijoint Surgical.
This morning in Kitchener, our government announced the first two recipients of the Life Sciences Scale-Up Fund.
Through their $5.8 million investment, @Intellijoint Surgical and @Vena_Medical will commercialize their Ontario-made technologies to new markets and play a key role… pic.twitter.com/dBuP3t3nV6
— Victor Fedeli (@VictorFedeli) February 25, 2026
The hip and knee joint replacement company specialist said the $1.3 million coming its way will help “leverage AI and automation technologies to enhance sales, streamline organizational workflows and increase production capabilities.”
A $4.5 million boost for Vena Medical will go towards a new facility featuring an AI-powered micro-camera to support stroke interventions.
“Our team has engineered a highly complex, microscopic medical device, and now we have the state-of-the-art cleanroom and manufacturing infrastructure to build it at scale,” said Phillip Cooper, co-founder and COO of Vena Medical
“We are ready to take this Kitchener-Waterloo-born innovation to the rest of the world.”
The funding is part of the province’s Life Sciences Scale-Up Fund (LSSUF).