The Cross-Border Biotech Blog

Biotechnology, Health and Business in Canada, the United States and Worldwide

Tag Archives: Ontario Ministry of Research and Innovation

Monday Biotech Deal Review: January 31, 2011

Welcome to your Monday Biotech Deal Review for January 31, 2011.  Angiotech has voluntarily entered into CCAA proceedings and will continue its restructuring efforts there.  There was also some investment activity involving government agencies in Ontario, Quebec and Prince Edward Island.  Read on to learn more, as well as the usual assortment of biotech news [...]

Ontario Budget 2010: Reserving Final Judgment

In the post below, I noted the increased budget for the Ministry of Research and Innovation. More than one little birdie says this increase portends significant pending program changes. So put away your poison pens for now and we’ll keep our ears to the ground for good news from the deployment of that additional funding. [...]

OBIO Panel Presents OETF and BIP Information

The Ontario Bioscience Industry Organization (OBIO) and the Ministry of Research and Innovation (MRI) co-hosted an event a few days ago entitled: “Funding Opportunities in 2009-2010 for Bioscience Companies: What CEO’s Need to Know About Ontario’s ETF and BIP Programs.” The speakers were: Chair: Kevin French, Senior Act. Manager, RBC; Industry: Rocky Ganske (President & [...]

Ontario’s $250 million Emerging Technology Fund Launches!

The $250 million Emerging Technolgies Fund announced by Ontario as part of the Budget in March and recently the subject of an RFP process to find a fund administrator launched today! Details are on the OETF homepage, including: Fund Guidelines [PDF 2.7 MB] FAQs [PDF 673 KB] Application to seek qualification as a Venture Capital or [...]

Pfizer and Ontario BIP Program Funding New $6.9 million “POP-CURE” Project for Colorectal Cancer Genomics

Pfizer Global Research and Development is contributing $6 million and the Ontario government is contributing $900,000, through the Biopharmaceutical Investment Program (BIP), for a new project “to discover and validate new targets for the diagnosis, prognosis and treatment of colorectal cancer.”  Brad Wouters, a Senior Scientist with the Ontario Cancer Institute (OCI) and a Senior Investigator [...]

Ontario Emerging Technologies Fund: Q&A From MRI Briefing

The questions and answers from last Friday’s MRI information session have been posted on MERX.  Here’s the link to the whole thing (if you have MERX access), but I’ll save you some time: There are two parts to the bid — one for evaluating Qualified Investors and one for evaluating Qualified Investments.  The same bidder might [...]

Ontario Emerging Technologies Fund RFP: Excerpts from MRI Presentation

A couple of weeks ago, Ontario’s Ministry of Research and Innovation put out an RFP for the new $250 million Emerging Technologies Fund, looking for a third party to evaluate co-investor and investment applications, and to administer and monitor investments for the fund. Last Friday, they held a briefing for interested parties where they presented [...]

MRI RFP ISO for Emerging Technology Fun(d)

Ontario’s Ministry of Research and Innovation has put out an RFP for the new $250 million Emerging Technologies Fund. They are looking for someone to evaluate co-investor and investment applications, and to administer and monitor investments for the fund. Here’s the blurb from the RFP Abstract: The OETF is a new $250 million program announced [...]

Brain Drain and Ontario Genomics Funding: Globe and Mail Prefers to Hear the Bad News First

On the front page of the Globe and Mail this morning: Top AIDS researcher lured away, urges Harper ‘soul-searching’, citing $148 million in cuts to the Canadian funding agencies. Buried several links down below the fold in the National section: Ontario to provide major new research funding – in fact, $100 million to retain researchers, which [...]

It’s a Bird! It’s a Plane! It’s Super Provincial Genomics Funding!!

You may remember Genome Canada’s reaction to the 2009 Canadian Federal budget.  Here’s one bit from ScienceInsider at the time: Researchers funded by Genome Canada … are reacting with shock to news that the Canadian government is withdrawing funding from the 9-year-old organization. Not true! Cried the Canadian government. Well, this week Genome Canada’s Board [...]

$250 million Ontario Emerging Technologies Fund Seen, Raised by $825 million Quebec Venture Capital Fund

Ontario announced the $250 million Emerging Technologies Fund yesterday … pretty much exactly what Monday’s letter to McGuinty from the CVCA requested. That has got to be, by the way, either: the world’s first psychic government relations campaign, or the world’s fastest government stimulus. Not to be out-done, the Québec budget today included an $825 [...]

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