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About us

There are over 1 million hospitalizations for heart failure per year in North America, most of which are driven by fluid overload. The gold standard therapy for patients admitted with congestive heart failure is IV diuretics. However, the process of treating patients with IV diuretics is challenging, with 1 in 4 patients having their diuretics stopped prematurely and 1 in 3 patients being discharged with residual congestion – factors that lead to increased lengths of hospital stays, and higher readmission rates. Much of this challenge is due to the lack of adequate hemodynamic monitoring of congestion in patients admitted to hospital with heart failure, particularly on general medical or cardiology wards where invasive hemodynamic monitoring is not permitted.

Venamic is an early-stage medical device company developing a novel non-invasive hemodynamic monitoring system for patients admitted to hospital with acute heart failure, particularly in non-critical care settings.

Program engagement

Venamics Medical

Leadership

Ankit Garg

Founder & CEO

Status

Fundraising

Sector

Subsector

Join Innovation Factory's Annual Open House - The Big DiF!

Network with 300+ industry professionals, discover emerging solutions from our innovators, and celebrate entrepreneurship within the Hamilton-Halton ecosystem.

May 14, 2026 | 4:00pm – 8:00pm | Hamilton, Ontario

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Attend HERhalton Women in Business Breakfast

Support and celebrate the achievements of women in business and entrepreneurship. HERhalton by Innovation Factory is the region’s go-to networking event for advocates of women entrepreneurs and features engaging guest speakers to inspire and drive engaging conversation.

Expand your network and connect with the region’s influencers and innovators in the world of women in business

June 4, 2026 | 8:00am – 12:00pm EDT

Meet the top 10 finalists, and watch as they pitch their innovations live to a panel of investors and experts for cash prizes at the 16th LiONS LAIR!

Celebrate the 16th anniversary of the LiONS LAIR pitch competition!

Since 2011, we’ve helped over 170 startups launch and scale their businesses. This fall, network with 350+ entrepreneurs, investors, and leaders at a milestone evening where community, growth & collaboration meet innovation.

Meet the top 10 finalists, and watch as they pitch their innovations live to a panel of investors and experts for cash prizes!

When: September 24, 2026 | 5:00pm – 9:00pm 

Where: Oakville Banquet & Conference Centre |
2515 Wyecroft Rd, Oakville, ON L6L 6P8