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Ontario’s New Life Sciences Commercialization Strategy Announced by Minister of Research and Innovation John Milloy

At a press conference in London today, Ontario’s Minister of Research and Innovation, John Milloy, is scheduled to announce the Province’s new $161 million Life Sciences Commercialization Strategy.

The bulk of the money ($114 million) is allocated to the Global Leadership Round in Genomics & Life Sciences (GL2), though $100 million of that was announced last year. Recent announcements under this program include $8.1 million for the International Barcode of Life Project, an $8.8 million grant to SickKids for autism genomics research, and $24.8 million to a posse of University of Toronto genomics researchers.

Of the remaining new money:

 The Ministry is also planning to:

  • Build out investontario.com, and
  • Initiate a Life Sciences Partnership Council to facilitate inter-ministry communication with industry

Other than the shut-down of BIP (not before a last hurrah), no program changes are being made right now.  OETF, OVCF and OITC will continue in their current form.

Here’s a link to the full strategy document (pdf).

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2 responses to “Ontario’s New Life Sciences Commercialization Strategy Announced by Minister of Research and Innovation John Milloy

  1. Pingback: Monday Biotech Deal Review: May 3, 2010 « The Cross-Border Biotech Blog

  2. Pingback: U.S. Therapeutic Discovery Stimulus Reaches Biotechs in Canada, Israel, Germany | The Cross-Border Biotech Blog

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