{"id":501336,"date":"2026-02-26T18:26:10","date_gmt":"2026-02-26T18:26:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/501336\/"},"modified":"2026-02-26T18:26:10","modified_gmt":"2026-02-26T18:26:10","slug":"cash-ai-support-create-new-jobs-in-kitchener","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/501336\/","title":{"rendered":"Cash, AI support create new jobs in Kitchener"},"content":{"rendered":"<p>Over two dozen jobs will follow after a big cash announcement for the health technology sector in Kitchener.<\/p>\n<p>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.<\/p>\n<p>The two companies are both on Wellington Street in Kitchener, near the expressway.<\/p>\n<p>The combined cash will support nearly 60 jobs, which include 16 new positions.<\/p>\n<p>\u201cThis funding strengthens Intellijoint\u2019s ability to innovate, create high quality jobs in Kitchener, and build a globally competitive business,\u201d said Armen Bakirtzian, co-founder and CEO of Intellijoint Surgical.<\/p>\n<p lang=\"en\" dir=\"ltr\">This morning in Kitchener, our government announced the first two recipients of the Life Sciences Scale-Up Fund.<\/p>\n<p>Through their $5.8 million investment, <a href=\"https:\/\/twitter.com\/intellijoint?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">@Intellijoint<\/a> Surgical and <a href=\"https:\/\/twitter.com\/vena_medical?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">@Vena_Medical<\/a> will commercialize their Ontario-made technologies to new markets and play a key role\u2026 <a href=\"https:\/\/t.co\/dBuP3t3nV6\" rel=\"nofollow\">pic.twitter.com\/dBuP3t3nV6<\/a><\/p>\n<p>\u2014 Victor Fedeli (@VictorFedeli) <a href=\"https:\/\/twitter.com\/VictorFedeli\/status\/2026726774642516386?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">February 25, 2026<\/a><\/p>\n<p>The hip and knee joint replacement company specialist said the $1.3 million coming its way will help \u201cleverage AI and automation technologies to enhance sales, streamline organizational workflows and increase production capabilities.\u201d<\/p>\n<p>A $4.5 million boost for Vena Medical will go towards a new facility featuring an AI-powered micro-camera to support stroke interventions.<\/p>\n<p>\u201cOur 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,\u201d said Phillip Cooper, co-founder and COO of Vena Medical<\/p>\n<p>\u201cWe are ready to take this Kitchener-Waterloo-born innovation to the rest of the world.\u201d<\/p>\n<p>The funding is part of the province\u2019s Life Sciences Scale-Up Fund (LSSUF).<\/p>\n<p>\t\t\t\t\t<script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"Over two dozen jobs will follow after a big cash announcement for the health technology sector in Kitchener.&hellip;\n","protected":false},"author":2,"featured_media":501337,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[62,276,277,49,48,61],"class_list":{"0":"post-501336","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-artificialintelligence","11":"tag-ca","12":"tag-canada","13":"tag-technology"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/501336","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=501336"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/501336\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/501337"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=501336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=501336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=501336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}