Innovation Anthology #252:
Over the last two years, Picomole Instruments has garnered many awards – including the TEC VenturePrize and BioAlberta’s Emerging Company of the Year.
Dr. John Cormier, the founder and CEO of Picomole, has invented an ultra sensitive diagnostic tool that can determine the state of your health by simply blowing into a machine.
But now, Picomole Instruments is moving from Edmonton to partner with a company in Quebec City.
DR. JOHN CORMIER: We’ve got a relatively small team. We’re only 5 right now. And it would be very difficult for us to productize our own technology with our limited experience in this area. But this company has over 200 engineers and scientists and so it’s a very large company with a lot of depth of expertise in a lot of areas that are very relevant to what we are doing. So it was just a logical next step for us to take to partner with this company. And the company felt, and we came to see it their way, that in order for us to make this happen as quickly as possible, we really needed to be co-located with them in Quebec City.
Cormier says the Quebec company will work on shrinking his invention from cart size down to palm size.
FOR INNOVATION ANTHOLOGY
I’M CHERYL CROUCHER
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Program Date: 2009-08-25