Government of Canada Invests in Southern Ontario’s Life Sciences Sector
February 13, 2025
The Government of Canada announced an investment of $50 million to support the growth and innovation of the life sciences sector in southern Ontario. This investment will help create jobs, strengthen the economy, and improve the health and well-being of Canadians.
The funding is part of the government’s Innovation and Skills Plan, a commitment to invest in initiatives that promote economic growth, create jobs, and improve the lives of Canadians. The investment will be used to support research and development, commercialization, and workforce training in the life sciences sector.
“Our government is committed to supporting the growth and innovation of the life sciences sector in southern Ontario,” said the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development. “This investment will help create jobs, strengthen the economy, and improve the health and well-being of Canadians.”
The life sciences sector is a key driver of economic growth in southern Ontario. The region is home to a number of world-leading life sciences companies, including Apotex, Biovail, and Patheon. The sector employs over 60,000 people in the region and generates over $20 billion in revenue annually.
The investment will help the life sciences sector continue to grow and innovate. It will support research and development of new drugs, treatments, and medical devices. It will also help commercialize new technologies and create jobs.
“This investment is a significant boost to the life sciences sector in southern Ontario,” said Dr. Michael May, President and CEO of the Ontario Bioscience Innovation Organization (OBIO). “It will help us continue to grow and innovate, and it will create jobs and improve the health and well-being of Canadians.”
The Government of Canada is committed to supporting the growth of the life sciences sector. This investment will help ensure that the sector continues to play a vital role in the Canadian economy and improve the lives of Canadians.
Background
The life sciences sector is a broad term that encompasses a wide range of industries, including pharmaceuticals, biotechnology, medical devices, and health care. The sector is a key driver of economic growth and innovation in Canada.
Southern Ontario is a major hub for the life sciences sector in Canada. The region is home to a number of world-leading life sciences companies, including Apotex, Biovail, and Patheon. The sector employs over 60,000 people in the region and generates over $20 billion in revenue annually.
The Government of Canada’s Innovation and Skills Plan is a commitment to invest in initiatives that promote economic growth, create jobs, and improve the lives of Canadians. The investment in the life sciences sector is part of this commitment.
Quotes
“This investment is a significant boost to the life sciences sector in southern Ontario. It will help us continue to grow and innovate, and it will create jobs and improve the health and well-being of Canadians.” – Dr. Michael May, President and CEO of OBIO
“Our government is committed to supporting the growth and innovation of the life sciences sector in southern Ontario. This investment will help create jobs, strengthen the economy, and improve the health and well-being of Canadians.” – The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development
Contact
Media Relations Innovation, Science and Economic Development Canada 343-291-1777 ic.media-medias.ic@canada.ca
Government of Canada investment to support southern Ontario’s life sciences sector
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