Ontario invests in Life Sciences Innovation Fund to boost jobs and medical tech

On June 9, 2025, Ontario announced a $6.5 million investment through its renewed Life Sciences Innovation Fund (LSIF) to support 13 local companies in developing cutting-edge medical technologies. This move not only aims to strengthen Ontario’s role as a global life sciences leader but also to create high-quality jobs and support the province’s economic resilience. With more than 74,000 workers in nearly 2,000 companies and exports topping $11.8 billion, Ontario’s life sciences sector is booming. The 2025 Budget further backs this momentum with an added $15 million for LSIF over the next three years. The fund helps turn medical innovations into commercial successes, making Ontario more self-reliant and competitive. Every year, over 72,000 STEM graduates enter the workforce, fueling the sector’s growth with top-tier talent. This investment reflects Ontario’s long-term vision of protecting jobs, supporting businesses, and advancing health innovation.

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