Ontario Centre of Innovation distributes $19.3 million via Life Sciences Innovation Fund

  • Ontario Centre of Innovation distributed CAD 19.3 million to 10 life sciences companies under Life Sciences Innovation Fund, including CAD 5 million from province, CAD 14.3 million in private co-investment.
  • Funding capped at CAD 500,000 per company, targeting commercialization in AI-enabled diagnostics, therapeutics, digital health platforms, precision medicine.
  • Since 2022 launch, Life Sciences Innovation Fund invested CAD 20 million across 40 companies, leveraging CAD 62.6 million in private co-investment.
  • Program reported 1,399 jobs created or retained, CAD 77.5 million in incremental sales, CAD 82.8 million in follow-on investment.


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