Media Release from BIOTECanada

January 18, 2013 at 3:26 pm Leave a comment

BusinessWire · Jan. 14, 2013

BIOTECanada, the national industry association representing biotechnology companies congratulates the Government of Canada on their commitment to make available $400 million for venture capital activities. By encouraging the private sector to invest, the Government is keeping Canada competitive in attracting investment dollars.

“This strategic initiative will provide significant opportunities for Canadian companies to attract capital” commented Andrew Casey, President and CEO of BIOTECanada. “In light of the highly competitive global capital market this provides Canada with a strong competitive advantage to leverage the capital it needs to innovate.”

Access to capital remains central to the biotechnology sector’s ability to grow operations in Canada, undertake research, and bring new products and processes to commercial development. Casey continued, “Canada now joins a number of countries where aggressive investment strategies have been implemented and are providing their respective biotechnology sectors with competitive advantages.”

The Canadian life sciences sector continues to show determination and resiliency throughout economic uncertainty. The industry is seeking in excess of $1 billion of capital to help Canadian companies grow and develop. Through diverse products and process developments, Canadian biotechnology companies are boosting commercial productivity in agriculture, healthcare, energy, and advanced manufacturing.

BIOTECanada is the national industry association representing nearly 250 biotechnology member companies nation wide, reflecting the diverse nature of Canada’s health, industrial and agricultural biotechnology sectors.

Entry filed under: Biotechnology News. Tags: .

Treasure from Deep Diving the Biotechnology Web Flu Season Rant

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed


biorad1

Bio-Rad Canada has sponsored the development of this site to advance the productivity of the Canadian Biotechnology sector and the fine people who work in it across the country.  We invite readers to contribute content: posters, tools, research and presentations, articles white papers, multimedia, music downloads and entertainment, conference announcements, videos. Please contact info@cbt20.ca for more information.

Bookmark and Share

Site developed by What If What Next(TM)

Follow us on Twitter

Error: Twitter did not respond. Please wait a few minutes and refresh this page.


%d bloggers like this: