Canada: BLG Launches Catalyst Program To Support Life Science Start-Ups
Last Updated: June 17 2015

In recent years, early stage life science ventures have faced serious challenges raising financing. In the Life Science Ontario Sector Report 2015, Ontario's life science stakeholders identified access to capital as the key barrier to growth. Borden Ladner Gervais LLP (BLG) understands that obtaining financing is a substantial hurdle and is committed to help life science start-ups reduce this burden by offering early stage companies legal support to protect their intellectual property and to structure their corporate operations through the launch of the BLG Catalyst Program.

The BLG Catalyst Program is designed to offset legal fees by providing access to a multi-disciplinary team of tech-savvy lawyers, patent and trademark agents specializing in intellectual property protection, corporate, labour & employment law. For companies who have attracted eligible government funding, BLG's Catalyst Program will match every dollar that those companies spend on legal services with BLG, up to $10,000 per company. This matching will be provided in the form of additional legal services.

As part of the BLG Catalyst Program, BLG will offer ongoing training sessions and consultation to any startups that choose to participate in the program. The program gives start-ups access to an experienced team of legal professionals who will provide both strategic and tactical advice to companies at a critical phase in their development.

BLG has a long history of supporting the life sciences community in Canada and this new initiative further emphasizes its commitment to help build and maintain a thriving life sciences community in Canada. For example, BLG lawyers were instrumental in creating or supporting Life Sciences Ontario, BioFinance Canada and the Sanofi BioGENEius Challenge.

In the commercial life sciences sector, Ottawa-based start-up Impakt Protective Inc., a leading developer of sports sensor and software systems, and successful participant on the CBC television show Dragons' Den, has leveraged BLG's services in intellectual property protection. "Without the steadfast direction of BLG, we would not have such strong intellectual property protection in place, which protects both the founders and our shareholders," said Danny Crossman, CEO of Impakt Protective. "The lawyers and professionals at BLG helped us avoid several potential costly mistakes along the way, and guided us in creating a solid foundation for our business."

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