Government of Canada invests $6 million to drive growth in B.C.’s life sciences sector
February 7, 2025
The Government of Canada is investing $6 million to support the growth of British Columbia’s life sciences sector. This investment will help to create jobs, attract investment, and drive innovation in this important industry.
“Our government is committed to supporting the growth of the life sciences sector in Canada,” said the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry. “This investment will help to create jobs, attract investment, and drive innovation in this important industry.”
The investment will be used to support a number of initiatives, including:
- The creation of a new life sciences innovation hub in Vancouver. This hub will provide a central location for life sciences companies to collaborate, innovate, and grow.
- The development of new training programs for life sciences workers. These programs will help to ensure that the industry has the skilled workforce it needs to succeed.
- The provision of funding for life sciences research and development projects. This funding will help to drive innovation and bring new products to market.
“This investment is a significant boost to the life sciences sector in British Columbia,” said the Honourable Bruce Ralston, Minister of Jobs, Economic Recovery and Innovation. “It will help to create jobs, attract investment, and drive innovation in this important industry.”
The life sciences sector is a key driver of economic growth in British Columbia. The industry employs over 28,000 people and generates over $10 billion in annual revenue. This investment will help to further grow the sector and create even more jobs and economic opportunities for British Columbians.
“This investment is a testament to the strength of the life sciences sector in British Columbia,” said Ingrid Tyler, CEO of LifeSciences BC. “It will help to drive innovation, attract investment, and create jobs in this important industry.”
Government of Canada invests $6 million to drive growth in B.C.’s life sciences sector
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