Ontario launches Phase 2 of life sciences strategy, investing $146M with a focus on R&D, entrepreneur support, and innovation.

Ontario has initiated Phase 2 of its life sciences strategy, committing $146 million, with an additional $40 million from the Venture Ontario Fund. This follows $5 billion invested since 2018, creating 5,000 jobs. The new phase focuses on advancing R&D, supporting entrepreneurs, and fostering innovation. It includes the Health Innovation Pathway to aid healthcare organizations in adopting new technologies, aiming to strengthen Ontario's position in biomanufacturing and life sciences.

October 15, 2024
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