Government of Canada Invests $36.1 Million in Southern Ontario’s Life Sciences Sector
OTTAWA, ONTARIO, February 14, 2025 – The Government of Canada, through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), is investing $36.1 million in the life sciences sector in southern Ontario. This investment will support innovative research, create jobs, and strengthen the region’s economy.
“Our government is committed to supporting Canada’s life sciences sector,” said the Honourable Mélanie Joly, Minister of Economic Development and Official Languages. “This investment will help businesses in southern Ontario scale up their operations, develop new products and services, and create jobs. It will also strengthen Canada’s leadership in this important sector.”
The funding will be used to support a range of initiatives, including:
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Research and development: The government will provide $20 million to support research and development (R&D) projects in southern Ontario’s life sciences sector. This funding will help businesses develop new products and services, and bring them to market.
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Scale-up and expansion: The government will provide $10 million to help businesses in southern Ontario scale up their operations and expand into new markets. This funding will help businesses create jobs and increase their production capacity.
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Commercialization: The government will provide $6.1 million to help businesses in southern Ontario commercialize their products and services. This funding will help businesses bring their products to market and generate revenue.
“This investment from the Government of Canada is a major boost for the life sciences sector in southern Ontario,” said David Barrett, CEO of Life Sciences Ontario. “This funding will help our members continue to develop innovative products and services, create jobs, and strengthen our economy.”
The life sciences sector is a key driver of economic growth in southern Ontario. The region is home to a number of leading research institutions, including the University of Toronto, the University of Waterloo, and McMaster University. The region is also home to a number of innovative life sciences companies, including Amgen, AstraZeneca, and Pfizer.
The Government of Canada’s investment will help to position southern Ontario as a global leader in the life sciences sector. This investment will create jobs, boost the economy, and improve the lives of Canadians.
For more information, please contact:
Media Relations FedDev Ontario Toll-Free: 1-866-593-5505 Email: fdo.media-medias.fdo@canada.ca
Government of Canada invests in southern Ontario’s life sciences sector
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