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Ontario backs the biotech industry

|13 June 2016|

Canada

Ontario’s ambitions to become a leading global hub of the biotechnology industry will be boosted by the creation of a new $3 million centre of excellence.

The Centre of Excellence for the Commercialization of Sustainable Chemistry Innovations at the Western Sarnia-Lambton Research Park, Canada’s largest clean-tech incubator, will be built over the next four years. Its remit is to focus on bridging critical gaps and addressing the commercialisation challenges faced by the biotechnology sector, including developing expertise and forging commercial partnerships.

“Ontario’s Business Growth Initiative is supporting highly skilled jobs by promoting an innovation-based economy. This Sarnia-based centre of excellence will provide our province with a powerful new hub to align and advance the commercialisation of industrial biotechnologies.This strategic investment will help accelerate the great work already taking place at the Western Sarnia-Lambton Research Park and propel Ontario to the forefront of the biotechnology sector, leading to further economic growth and prosperity in the Sarnia-Lambton region,” Reza Moridi, Ontario’s Minister of Research and Innovation said.

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Iain Robertson
Written By

Iain is an experienced writer, journalist and lecturer, who held editorships with a number of business focussed publications before co-founding and becoming editor of Innovators Magazine. Iain is also the strategic director for OnePoint5Media.

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