Page 14 - Synapse Survey 2021
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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 $1 BILLION
Synapse Consortium, SOPHIE will
support collaborative projects between
private Ontario-based life science
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. In the previous year, Hamilton’s public
www.innovationfactory.ca 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.
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