Ontario launches economic strategy for bioscience sector

An economic strategy to ensure the sustainability and success of Ontario’s commercial bioscience sector has been launched, comprising nine priority initiatives, of which five are for implementation by industry and four by industry partnering with government. “We have put the onus on our industry to implement this strategy and on government to put supportive policies [...]

Ontario group to push for health-sciences industry sustainability

The Ontario Bioscience Economic Strategy Team (OBEST), consisting of industry leaders and experts, has initiated the first phase of an evergreen strategy for sustainability of the province’s health-sciences industry, once the world’s third largest biotechnology cluster. In order to achieve sustainability of the industry, OBEST is focusing on the coalescence of industry, academia, government, patients, [...]

Ontario to provide new bioscience financing

The Ontario government is providing one-time special financing of $7 million exclusively for Ontario-based bioscience companies to help the sector advance programs to treat, prevent and diagnose disease. The Ontario Bioscience Industry Organization (OBIO) is recommending that eligible companies be permitted to match this money with funds from other investors, creating up to $14 million [...]