Page 4 - Synapse Survey 2021
P. 4

Executive Summary

        Hamilton has a rich history          This Hamilton Life Science            on topics ranging from aging
        of economic success,                 Cluster Report represents             to radiopharmaceuticals, it
        rooted in its early days as          the first of its kind for the         is evident why Hamilton is
        a heavy manufacturing and            Hamilton region. It seeks to          known as Canada’s leading
        transportation hub serving           measure the collective scale          life sciences research
        Ontario and global markets –         and scope of Hamilton’s               and education cluster. It
        giving rise to its moniker “Steel    growing life science cluster.         is Hamilton’s strength in
        City”.                               The Report covers critical            research that has provided
                                             topics that together showcase         the foundation for a
        Hamilton has seen the                Hamilton’s life science cluster:      flourishing private sector;
        emergence of a strong and            As of 2021, 203 life science          43 new companies have
        vibrant life sciences sector,        organizations (both public-           been established since 2016.
        built on the foundation              and private-sector) were              Together, Hamilton’s life
        of world-class academic              identified as being part of           science companies have raised
        institutions, two leading            Hamilton’s life science cluster.      more than $620 million in the
        hospital networks, advanced          These organizations were              last five years.
        research institutes, as well         surveyed, to provide insights         Hamilton’s life science cluster
        as supporting organizations          across a variety of key               has grown at a staggering
        that together support private        statistics.                           pace over the past decade,
        sector firms developing the                                                with more expected in the
                                             Hamilton’s life science sector is
        next generation of innovative                                              foreseeable future.
                                             one of the largest employers in
        health technology. Hamilton’s
                                             the city, with 36,649 employed        Through the publication of
        renowned infrastructure and          at institutions who responded         the Hamilton Life Science
        expertise in the areas of health     to our Cluster Report survey.         Cluster Report, we hope to
        research, clinical trials, and       While many were employed              report on this success on an
        education, has created the           in front-line care, 6,709             annual basis. Future reports
        platform for our life science        scientists spent $461.8 million       will provide an update on
        companies to grow their              on general and applied                the health of the cluster, but
        businesses and reach global          research. With 56 research            also highlight trends and
        markets.                             institutes and centres focused        opportunities.

   1   2   3   4   5   6   7   8   9