Funding renewal means more support for game-changing solutions
May 29, 2024, Toronto –
Ontario Genomics is receiving $5 million over two years to continue our work in finding homegrown solutions to challenges the world faces like climate change, food insecurity and in healthcare.
Since our start in 2000, we’ve raised more than $3.7 billion for genomics applied research in the province which has created more than 20,000 jobs. We have over 330 projects and more than 500 partnerships. For the past 24 years, we’ve been providing the critical support researchers and entrepreneurs need to develop, protect and commercialize their IP, ensuring their innovations, and the associated wealth and jobs they create, stay here in Ontario.
Genomics is all about DNA, and it’s DNA that tells us about life in all forms. It’s the basis of biology which is fuelling biotech innovation and getting us focused on sustainability and away from petroleum-based production methods.
The time to act is now and because of this investment from the Ontario’s Ministry of Colleges and Universities, we can continue to support researchers and start-ups with their game-changing solutions so they can be scaled up and put into real world use as quickly as possible.
Ontario Genomics CEO Stephen Cummings, says, “With this provincial investment, Ontario Genomics leverages matching funds to drive game-changing innovations in Food, Agriculture, Cleantech, and Health. Our work generated a significant return on investment, created over 11,000 direct jobs and added more than $1.8 billion to Ontario’s GDP since 2013. By leading genomic applications across multiple industries, we are tapping into the Bio Revolution, a multi-trillion-dollar global market opportunity as projected by the McKinsey Global Institute. With ongoing support, we will establish Ontario as a leader in biotech and life sciences, benefiting everyone in Ontario today and into the future”.
“The Ontario government is proud to support homegrown research and innovation at Ontario Genomics,” said Jill Dunlop, Minister of Colleges and Universities. “This funding is helping researchers solve some of the biggest challenges of our time that are making a very real difference in the lives of Ontarians.”
Ontario Genomics is a non-profit organization funded by the Government of Ontario and other partners. Since 2000, we’ve been involved with cutting-edge science to find homegrown solutions to challenges the world faces like climate change, food insecurity and in healthcare. Find out more at OntarioGenomics.ca.
Maggie Blood
Innovation Communications and Public Affairs Manager
