Western Economic Diversification Canada (WD) is contributing $715,000 to Genome BC. This funding will be used by Genome BC to address the federal government’s economic priority of responsible resource development and support priorities…
Western Economic Diversification Canada (WD) is contributing $715,000 to Genome BC. This funding will be used by Genome BC to address the federal government’s economic priority of responsible resource development and support priorities that natural resources industries have identified as being critical to longer term success.
Two of the partners that Genome BC will be working with to advance the uptake of genomics technologies include Canfor and FPInnovations.
“Research and innovation are crucial to Canada’s economic success. Thanks to our government’s funding, Genome British Columbia will provide the tools that our natural resource sectors can use to remain strong and competitive, thereby creating jobs and promoting prosperity,” said the Honourable Michelle Rempel, Minister of State for Western Economic Diversification.
The funding will be directed towards significantly increasing the user-pull of relevant genomics technologies by existing companies and organizations, and supporting the development of new companies to commercialize genomics technologies.
“This investment will attract international partnerships and direct foreign investment, as well as improve the trading position of Western Canadian companies through the development of genomics technologies such as those that can guarantee pest-free wood products, or trace the provenance of agri-fisheries products,” says Dr. Tony Brooks, chief financial officer and vice-president, research programs.
Genome British Columbia is a catalyst for the life sciences cluster on Canada’s West Coast, and manages a cumulative portfolio of over $710M in 254 research projects and science and technology platforms.
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