Government of Canada Invests in Expanding Business Opportunities for Bio-manufacturing
For immediate release
January 25, 2012
St. Catharines, Ontario — Rick Dykstra, Member of Parliament for St. Catharines, on behalf of the Honourable Gary Goodyear, Minister of State for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), announced today an investment of up to $843,500 for Brock University that will help cultivate bio-manufacturing businesses in Niagara.
"Our government is proud to partner with institutions such as Brock University to increase business opportunities for entrepreneurs in bio-manufacturing," said MP Dykstra. "Today's investment is contributing to the creation of a knowledge-based economy in Niagara and across southern Ontario that will create new high-value jobs and sustain long-term growth for our communities."
Thanks to FedDev Ontario's contribution through its Prosperity Initiative, Brock University is creating a new business incubator called BioLinc, designed to establish closer ties between leading bioscience researchers and local entrepreneurs. Housed in the soon-to-be opened Cairns Family Health and Bioscience Research Complex, BioLinc will feature office and lab space, as well as offer services that support the development of entrepreneurs, such as counselling, training and networking opportunities. It will also manage Innovates Niagara, a dynamic interactive web portal that will support entrepreneurs whose businesses are not located in the incubator.
"This investment is great news for Brock as it will help to enhance the capacity of our new bioscience research complex to foster innovation," said Jack Lightstone, President, Brock University. "These funds will also enable us to advance one of our key strategic priorities, which is to partner with local businesses and business development agencies in Niagara to provide incubation services for the bio-manufacturing sector of our region's economy."
FedDev Ontario's Prosperity Initiative is designed to encourage businesses, not-for-profit organizations and post-secondary institutions in southern Ontario to undertake projects that will result in a more productive, diversified and competitive economy. Applications for funding are being accepted and assessed on an ongoing basis. For more information, please refer to the Program Guidelines available on the FedDev Ontario website at www.feddevontario.gc.ca.
For more information about Brock University, and the future home of BioLinc, visit: http://www.brocku.ca/cairns-health-bioscience.
Created in 2009, FedDev Ontario supports the southern Ontario economy by building on the region's strengths and creating opportunities for jobs and economic growth. The Agency has launched a number of initiatives to create a Southern Ontario Advantage and place the region in a strong position to compete in the global economy. These initiatives are designed to encourage partnerships and support projects that help the region's businesses and communities become more competitive, innovative and diversified. To learn more, please visit www.feddevontario.gc.ca or call 1-866-593-5505.
For more information, contact:
Office of Rick Dykstra, M.P.
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