Ontario Invests In Leading-Edge Medical Research
McGuinty Government Advances Research With $94-Million Funding Boost
Office of the Premier
Ontario is taking a new step in the battle against cancer by supporting groundbreaking new genomics and medical research.
The government is investing $94 million to support 31 research projects and more than 300 researchers in seven communities across Ontario. More than half of today's funding will support medical research happening across the province.
Premier Dalton McGuinty announced today that researchers at the Ottawa Hospital Research Institute will receive $18.5 million to help move genomics research forward and develop new treatments for cancer that would spare patients the toxic effects of chemotherapy.
The funding will also support numerous projects across the province dealing with basic science and research into information and communications technologies, clean technologies and digital media -- all sectors where Ontario has significant strengths.
- Ontario is the largest hub of biomedical activity in Canada and the fourth largest biomedical research centre in North America.
- The life sciences sector employs 43,000 people at more than 800 companies across the province, generating annual revenues of more than $14 billion.
- Ontario's Innovation Agenda is a $3.2-billion strategy to make Ontario one of the best places in the world to turn new knowledge and ideas into new companies and jobs.
The work being done by our researchers is tremendously important. First and foremost, this investment is about taking care of the health of our loved ones. But it is also about our ability to improve the quality of life of all Ontarians through the economic opportunities that research and innovation provide."
Ontario is prepared to compete on our talent, our skilled workforce and our ability to turn research into reality. Today we are saying once again that we're proud of the work that our researchers do and the wealth and jobs that they create in Ontario."