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6 million to establish innovation hub for businesses to commercialize healthcare solutions support 100 life sciences firms and create 50 jobsHome to a diverse healthcare sector world-class research institutions and a growing number of technology companies the Hamilton area continues to be a leader in healthcare innovation. As Ontario works towards recovery from the global pandemic the need for made-in-Canada healthcare solutions is more important than ever. That is why the Government of Canada is investing in communities like Hamilton who have a strong history in innovation healthcare and collaboration and have the potential to cultivate new ideas while creating jobs and supporting a strong economic recovery.Today the Honourable Mlanie Joly Minister of Economic Development and Official Languages and Minister responsible for FedDev Ontario announced a FedDev Ontario investment of 6 million for Innovation Factory which will work alongside the Synapse Life Science Consortium to launch the Southern Ontario Pharmaceutical and Health Innovation Ecosystem SOPHIE.SOPHIE will bring together Synapses network of experts in the life sciences field with Innovation Factorys experience helping businesses accelerate the commercialization of their products. Through an annual cohort businesses will receive the advisory services testing capabilities and financial support needed from experts in the healthcare field to develop and commercialize their specialized health innovations and scale up their companies. Support though SOPHIE will create 50 jobs maintain an additional 100 jobs and encourage 100 firms to either establish themselves or grow in southern Ontario. This investment will also leverage over 7.5 million in other investments.This full-service innovation hub in Hamilton will boost Ontarios position as a place to develop test and commercialize innovative healthcare solutions while providing a single-window contact to facilities and expertise for Ontarios next generation of innovative life science companiescreating a robust pipeline of made-in-Canada healthcare solutions.QuotesSOPHIE will connect businesses health care institutions and academia to solve real-world issues impacting healthcare here at home and around the world. By fostering this collaboration and ensuring our businesses in the life sciences sector have access to the support they need our government is supporting the health of Canadians at a pivotal time while creating 50 good jobs so our economy can come back strong.- The Honourable Mlanie Joly Minister of Economic Development and Official Languages and Minister responsible for FedDev OntarioTodays investment in Innovation Factory will help some of Hamiltons brightest entrepreneurs as they grow their businesses. This will create 50 good jobs locally and help Hamilton stay at the forefront of healthcare innovation. Our government is proud to support made-in-Canada health solutions.- The Honourable Filomena Tassi Minister of Labour and Member of Parliament for Hamilton WestAncasterDundasTodays announcement is exciting news for the Hamilton Region. We have always been home to an innovative healthcare sector and todays announcement is the next step in ensuring that Hamilton is at the forefront of healthcare technology and that our innovative businesses have access to the advisory services and financial support they need to succeed.- Bob Bratina Member of Parliament for Hamilton EastStoney CreekThrough this partnership with FedDev Ontario Innovation Factory will accelerate the commercialization efforts of innovative life science companies emerging from the dynamic southern Ontario health ecosystem. Innovation Factory will build on our history of supporting startup and scaling companies ensuring made-in-Canada solutions can emerge with the support of Hamiltons dynamic health ecosystem.- David Carter Executive Director Innovation FactoryCanadas emerging life science sector represents a fantastic opportunity to create jobs and drive better health outcomes for citizens across the country. The Hamilton region will play a critical role in supporting this growth. Through SOPHIE the Synapse Consortiums world-class academic and clinical experts facilities and infrastructure will work hand-in-hand with SMEs and entrepreneurs to build the next generation of innovative health technology.- Alex Muggah Director Synapse Life Science Consortium
