Funding Life Sciences In 2021 Innovation Factory launched the Southern Ontario Pharmaceutical & Health Innovation Ecosystem (SOPHIE), a $13+ million program leveraging a $6 million investment from Canada’s Federal Economic Development Agency for Southern Ontario (FedDev). Working alongside members of the Synapse Consortium, SOPHIE will support collaborative projects between private Ontario-based life science
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firms, and Hamilton’s major academic or clinical institutions to catalyze life science innovation in Ontario. Hamilton, and Innovation Factory, were the beneficiary of this investment given the recent growth and promising outlook for the life science sector in the region. www.innovationfactory.ca
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In the previous year, Hamilton’s public academic and hospital institutions secured a total of $461.8 million in funding. In addition to this, $623.9 million was raised by Hamilton’s private life science cluster organizations in the previous five years.
