2024–2025 Annual Report

What if we could?

Welcome

Ontario Genomics 2024-2025 Annual Report

It’s 25 years down and decades more to go at Ontario Genomics! This year’s annual report comes at a milestone time for our organization and we’re going all out with coverage of everything from commercialization and food innovation to personalized medicine and simplifying medical diagnostics. We also delve into helping researchers more efficiently understand data, showing multiple industries that upcycling is the way to go, and we’re even getting in touch with nature by uncovering environmental DNA. Read on the learn all about it!

Land Acknowledgement

Ontario Map

Introduction

This annual report comes at a very significant time for Ontario Genomics. We’ve officially entered our 25th anniversary! For a quarter century, we’ve been supporting academics and researchers in over 360 game-changing projects, growing our partnerships to more than 600, creating over 11,000 jobs and securing over $3.5 billion in investments. As impressive as all that is, we’re just getting started. 

We tip our hat to the past while working enthusiastically on progress for the future bioeconomy. Since 2000, we’ve partnered with researchers, visionaries and industry leaders on exciting and awe-inspiring projects in health, food and agriculture and cleantech to make this province a better place to live, work and thrive. They were all motivated by the same question: “What if we could?” That is the inspiration for this year’s annual report and our 25 Years of Inspiring Innovation Gala, which we’ll tell you more about in next year’s report, but here’s a sneak peek of our celebration of outstanding biotechnology contributions.

Government

Message

“This milestone marks a quarter-century of groundbreaking genomics research and innovation that has positioned Ontario as a global leader in the health, agrifood and environmental sectors. Our government has proudly supported Ontario Genomics by investing over $20 million in their operations since 2018.”

The Honourable Nolan Quinn
The Honourable
Nolan Quinn
Minister of Colleges, Universities, Research Excellence and Security

A Message from our

Board Chair, Ann Marie Vaughan & President & CEO, John M. Rafferty

“As Ontario Genomics marks its 25th year, we celebrate our organization’s role in helping fund cutting-edge science projects that are producing homegrown solutions to some of humanity’s biggest problems.”

A Year in Review 2024–2025

It’s been a banner year for Ontario Genomics with incredible progress since our last annual report. We’ve increased our projects to 386 with 595 patents awarded and over 630 partnerships. But that’s not all! Check out some more of our achievements over the past year:

Impact During this Year
(2024-2025)

$ 0 M+

Funds Raised

Follow-On Funding

0

Jobs Created or Maintained

$ 0 M+
Active Portfolio
(Including co-funding)
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Impact Since 2000

$ 0 B

Investments (Federal, Provincial, PPP Funding)

Follow-On Investments (Companies & Research)

0

Projects

0

Patents Awarded

0 +

Partners

Our Initiatives

Working with both levels of government to secure investment for innovative projects, Ontario Genomics now works harder than ever to make sure advancements efficiently go from the lab into the real world for everyone to experience a better quality of life – whether that’s through improvements to food security and quality, more eco-friendly products and industries, or improved health outcomes through new diagnostic and treatment methods.

Awarded Projects

Ontario is fertile ground for innovation with its world-class academic institutions and research hubs. Ontario Genomics is among five other genome centres across the country vying for investment dollars from Genome Canada. We have a great track record on the number of projects awarded in this province and here are a few of the latest doing groundbreaking work.

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HUMAN HEALTH

What if we could make personalized medicine available to everyone?

We’re on it with the Canadian Precision Health Initiative (CPHI)

ENVIRONMENT & HUMAN HEALTH

What if we could uncover nature’s secrets?

We’re on it with the eDNA Surveillance Initiative

HUMAN HEALTH

What if we could help more people benefit from technology ?

We’re on it with CBIC and CBH

Governance

Board of Directors (2024-2025)

Ann Marie Vaughan

Ann Marie Vaughan (Chair)

Ed. D.

President and CEO, Humber College Institute of Technology & Advanced Learning

Tom Corr

DBA, MBA, ICD

Former President and CEO, Ontario Centres of Excellence

Colin Kelleher (Vice Chair)

CEO, Kelleher Group​

Alex MacKenzie​

M.D., PhD

Senior Scientist, CHEO Research Institute Professor

Derek Newton

Derek Newton

PhD

Assistant Vice-President, Innovation, Partnerships & Entrepreneurship, University of Toronto

Benjamin Rovinski​

PhD

Managing Director, Lumira Ventures​

Dominique Tertigas

Dominique Tertigas

PhD Candidate

Student Member on the Ontario Genomics Board

Lyndal Walker

Lyndal Walker

General Manager of Sun Pharma Canada’s Branded Business

Alan E. Winter

PhD, Hon DSc

Former BC Innovation Commissioner

Observers

Rob Annan

President and CEO, Genome Canada

Colleen Hogan

Division Director, Data, Research & Innovation at Government of Ontario

Financials

Ontario Genomics makes public its annual financial statements, which are prepared in accordance with Canadian accounting standards for not-for-profit organizations. The consolidated financial statements present the consolidated financial position of Ontario Genomics as of March 31, 2024, its consolidated results of operations and its consolidated cash flows for the year then ended.

In This Report

  • Independent Auditors’ Report
  • Consolidated Statement of Financial Position
  • Consolidated Statement of Operations
  • Consolidated Statement of Changes in Net Assets
  • Consolidated Statement of Cash Flows
  • Notes to the Consolidated Financial Statements

Download the 2024-2025 Annual Report PDF

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Thank You to Our Funders

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