What’s New

September 30, 2013
Medical Device Startup Avenir Medical Secures $3.3M in Financing; Intelligent Instrument improves accuracy in hip replacement, attracts investors and surgeons to Avenir Full Press Release

June 2013
Avenir CEO Armen Bakirtzian nominated for Ernst and Young Entrepreneur of the Year 2013.

June 2013
Avenir’s Armen Bakirtzian selected to third consecutive Canadian G20 Young Entrepreneur Summit delegation in Moscow, Russia.

Dec 2012
Avenir CEO Armen Bakirtzian is considered a future entrepreneurial leader of Canada, wins the 2012 FuEL Award.

October 2012
Avenir wins Best Innovative Business: 2012 CYBF Chairman’s Award. Read more.

October 2012
FedDev Ontario, leveraging angel investment, announces additional $950,000 investment in Avenir Medical. Read more.

May 2012
Avenir CEO Armen Bakirtzian selected to second consecutive Canadian G20 Young Entrepreneur Summit delegation in Mexico City. Read more.

April 2012
Georgian Angel Network Closes $725,000 Investment in Medical Device Technology Company Avenir Medical Inc. Read more.

October 31st - November 2nd, 2011
Avenir CEO Armen Bakirtzian representing Canada at the G20 Young Entrepreneur Summit in Nice, France. Read more.

July 19th, 2011
Avenir Medical places in top 5 of over 600 applicants in VISA elevator pitch competition… in an actual elevator. Full story.

April 27th, 2011
Avenir Medical, recipient of the Spinmaster Innovation Fund, is featured in a live interview on the Business News Network. View the clip now.

In the News

September 30, 2013
Waterloo, Ontario, - Avenir Medical Inc., an innovator in developing intelligent instruments to improve joint replacement surgery, announced today that it has closed $3.3M of Series A financing. The round was led by MaRS Investment Accelerator Fund, Toronto, and included a syndicate of Angel Groups in Waterloo, Toronto, and Boston. Full Press Release

December 2012
Waterloo, Ontario - Armen Bakirtzian, 2012 FuEL Award Winner: Looking for ideas for a fourth-year engineering project, Armen Bakirtzian took the advice of his father, an orthopedic surgeon, and came up with a solution for aligning joints during hip-replacement surgery… Link.

October 2012
Toronto, Ontario - During Small Business Week, the Canadian Youth Business Foundation (CYBF) is pleased to announce the winners of the Best Business Awards for the 2012 CYBF Chairman’s Awards program, including Avenir Medical, Best Innovative Business. Read more.

October 2012
Waterloo, Ontario — Five innovative early-stage businesses in Kitchener-Waterloo will be able to get their products to market faster while creating jobs and economic growth in southern Ontario, thanks to an investment from the Government of Canada. This includes a contribution of up to $950,000 for Avenir Medical.
Read full Government of Canada press release here.

May 2012
Twenty Two Young Canadian Entrepreneurs Selected to Join Canadian Delegation at the G20 Young Entrepreneur Summit in Mexico, including consecutive selections for Avenir Medical CEO Armen Bakirtzian.
Read full Marketwire press release here

April 2012
Georgian Angel Network Closes $725,000 Investment in Medical Device Technology Company Avenir Medical Inc. “The investment in Avenir Medical Inc. is one of two recently made by GAN in the medical technology sector, and represents a significant step forward in financing the commercialization of Avenir’s PelvAssist(TM) technology. We are extremely pleased to be involved with this energetic and entrepreneurial management team, and look forward to working with them in meeting their future financing requirements” said Sandy Robertson, Founder and Managing Director of GAN…
Read full Marketwire press release here

August 2011
Following a five-week-long call for applications, The Canadian Youth Business Foundation announced today the names of the 30 young entrepreneurs who will form the official Canadian delegation at the G20 Young Entrepreneur Summit (G20 YES) in Nice, France, this fall…
Read full Marketwire press release here

July 2011
Avenir Medical co-founder Armen Bakirtzian knows the value of an elevator pitch for business, and he recently put his to the test as a finalist in Visa Canada’s GoBiz elevator pitch competition.
Read full Waterloo Chronicle story here

August 2010
If PelvAssist can reduce the number of follow-up interventions, there’s potential for substantial health care savings. More than that, it’s a quality-of-life issue. “It’s important to underline the fact that going in for a repeat surgery is far more traumatic than the first.”
Read full University of Waterloo article here

May 2010
When Armen Bakirtzian and his team of students were assigned a design project for their fourth year mechatronics engineering course at the University of Waterloo, he consulted his father, an orthopedic surgeon…
Read full Toronto Star article here

May 2010
Avenir Medical, a company that has developed a technology to greatly enhance hip replacement surgery, was announced today as the winner of the Ontario’s Next Top Young Entrepreneur Start-Up Pitch Competition.
Read full Marketwire press release here