MEDTEQ is an industrial R&D program that supports collaboration between industry, public research institutions, and healthcare providers to reduce risks and facilitate knowledge transfer. The objectives are to intersect industrial and public research and support strategic alliances. MEDTEQ consortia operate in various medical technology sectors in Quebec. Key benefits include collaboration across the technology spectrum, between large multinationals and small and medium enterprises, and development of highly qualified personnel. Participating industry members provide mandatory funding towards innovation projects, while MEDTEQ and other public agencies provide additional funding. This leverages resources to shorten product development cycles and engage healthcare institutions as partners to build products for international markets and establish a medical technology community of practice.