Issue 13/2016 - Ontario invests in a biotechnology hub

Ontario recently announced a partnership with Bioindustrial Innovation Canada to establish a new Biotechnology Hub in the Sarnia-Lambton region to promote innovation in biotechnology and address the challenges of biotechnology commercialization while further enhancing Ontario's image
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Ontario will allocate $3 million over the next four years from initiatives to promote business growth to invest in a centre
of excellence for the commercialization of sustainable chemistry innovations at the Western Sarnia-Lambton Research Park, Canada's largest cleantech incubator.
The establishment of this Center of Excellence will help address the challenges of cleantech development and further break through development bottlenecks
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Murray McLaughlin, Executive Director of the Canadian Centre for Bioinnovation, said: "We are excited to work with Ontario to bridge the theoretical concepts of the bioeconomy with commercial trade
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Through this investment, we will drive the further development of the biotech ecosystem in Sarnia and Southern Ontario, thereby making a positive and long-term contribution
to the overall economic development of Ontario.
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