Ontario’s life sciences sector is already a major driver of economic growth. With more than 3,500 companies, 88,000 skilled workers, and $15 billion in annual GDP, the foundation is strong. But we are not yet reaching our full potential.
Companies face real and persistent barriers: constrained access to capital, a shortage of wet lab space, difficulty attracting experienced talent, and complex pathways to the Canadian market. These challenges are holding back growth, innovation, and investment in one of Ontario’s most promising sectors.
The Winning Formula is a call to action. This plan outlines the steps government and industry must take to unlock Ontario’s potential and compete with intent on the global stage. It focuses on four key priorities: unlocking capital, accelerating critical infrastructure projects, strengthening talent pipelines and improving market access for Canadian innovations.
Our plan to transform the life sciences sector includes the following calls to action:
