As the entrepreneurial spirit flourishes across Atlantic Canada, the city of Fredericton continues to work hard at cultivating a start-up ecosystem that builds on the city’s early successes in key areas like biosciences, ICT and data security.
One of the key challenges faced by the bioeconomy is the provision of competitively-priced, high-quality biomass. BioFuelNet Canada (BFN) is building on this insight and on its past accomplishments to develop and grow the bioeconomy.
When the National Research Council (NRC) announced a restructuring in 2012, the potential for the loss of key research capabilities in Atlantic Canada was a real possibility. But in true Atlantic Canadian fashion, the industry came together to look at the opportunity and, through that process, BIOTIC was born.
Atlantic Canada’s increasing success on the biotech and life sciences front in the last decade is a true story of finding the sweet spot of where old meets new.
Over the past decade Canada has become a global leader in life sciences and biotechnology innovation and commercialization. The sector's steady growth is largely due to its solid base of expertise and continued investment in world-leading research. And while biotechnology innovation can be found across the country, Atlantic Canada has become a hotbed of activity and is leading the country in key bio and life-sciences areas.
With a wealth of world-class researchers and continuing investment into its start-up ecosystem, Toronto has provided fertile ground for building the biotechnology sector in the province/nation.
The Government of Canada is investing nearly $6 million in an $18-million project that brings together universities, industry and government in a research partnership to grow the regional ocean economy.
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