The W. Garfield Weston Foundation, through its Weston Brain Institute, has made a landmark $16.7-million philanthropic grant to establish the Weston Family Focused Ultrasound Initiative at Sunnybrook.
With this grant, the Foundation is spearheading a $33-million initiative to develop and bring novel focused ultrasound technology to Canadians. The Weston Family Initiative will accelerate development of a powerful new focused ultrasound device to enable the personalized treatment of brain disorders as never before. This initiative will culminate in the launch of three world-first clinical trials and bring this breakthrough technology to more patients faster.
In what is believed to be the largest single philanthropic contribution to focused ultrasound in the world, this one-of-a-kind grant will also ensure a steady stream of resources for ongoing development of this game-changing technology and other related endeavors. That means if the device is commercialized, a portion of the income generated will be reinvested in Canadian focused ultrasound research and innovation.
The creative structure of this grant serves as a new template for philanthropic grant-making in Canada, one that may be scaled and modeled by other Canadian charitable foundations for the purposes of fueling discovery and potential reinvestment in homegrown innovation.