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Since its launch, MI has assessed over 1,500 technology disclosures, invested $22 million in 169 projects, secured $159 million in external investment ($95 million from outside of Canada), created 370 jobs, and launched 41 companies and more than 80 technologies across several sectors, from drug development, molecular diagnostics and medical devices to solar energy, water reclamation and mobile apps. As part of its mandate to achieve self-sustainability, MI takes a 25 percent equity stake in its portfolio companies, equity that will later be converted to revenue to finance MI's operations and future investments.
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