March 7, 2017 – Halifax, NOVA SCOTIA – Local innovation start-up, Neck Tronics Inc., has been awarded a contribution for up to $202,000.00 in funding by the National Research Council of Canada Industrial Research Assistance program (NRC-IRAP). Neck Tronics Inc. will also contribute in kind toward the overall development costs.
The investment is directed toward the development of a ground breaking device to support the assessment and treatment of neck injuries, such as whiplash. Dr. Bill Smith, CEO of Neck Tronics Inc., says that this funding has enabled Neck Tronics Inc. to propel forward in the field of innovation and development.
The device integrates cutting edge technology with comprehensive data tracking techniques and intuitive design. “With the development of this leading edge Class II medical device for neck assessment and rehab”, explains Dr. Smith, “we will see more focused treatments, resulting in shorter rehabilitation periods.”
The company has established an office on King Street in Bridgewater, N.S., creating four new engineering positions in the past several months. We will be hiring support staff including a business development manager in the weeks to come. “The energy in our office is palpable. Our engineers are excited and steadily moving ahead with the development of our product,” says Dr. Smith.
The company is currently in an equity raise for $550,000.00 and intends to achieve commercialization by spring of 2018. Smith says,” we are in our third year and we are thrilled to have this level of support”.
Neck Tronics Inc. will launch their website next week at www.necktronics.com. An official office opening is slated for the third week of March, 2017.