Government of Canada invests in southern Ontario’s life sciences sector
Backgrounder
February 14, 2025
Today, the Honourable Ruby Sahota, Minister of Democratic Institutions and Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), announced a combined investment of over $16 million to help six life sciences organizations as they develop and expand their manufacturing capabilities, commercialize new products, and create new programming to scale life sciences SMEs across southern Ontario.
| Recipient Name | Project | Funding Amount |
|---|---|---|
The Mississauga company will develop and commercialize a suite of innovative lighting products that enhance the safety and biological well-being of aging adults with a focus on hospitals and long-term care facilities. |
$900,000 |
|
The Brampton manufacturer will expand its manufacturing capabilities for generic pharmaceutical and nutraceutical products. |
$2,500,000 |
|
The organization will create and launch the Health Commercialization Access Program to support the growth 100 Canadian biotechnology and health technology companies. |
$5,000,000 |
|
The company will establish manufacturing capabilities of medical and imaging devices for MRI scanners at its existing facilities in London and Mississauga to enhance the Ontario supply and reduce dependence on supply chains abroad. |
$2,500,000 |
|
The not-for-profit organization will support 50 southern Ontario-based life sciences companies through the concept, commercialization and scaling stages by providing seed funding and a range of specialized services. |
$3,500,000 |
|
The Toronto company will build manufacturing capabilities to support the commercialization of their lung transplant organ transportation technologies in global markets. |
$2,075,000 |
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News Release: Government of Canada invests in southern Ontario's life sciences sector
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