Canada needs a biotech strategy to turn scientific capital into commercial gold

At present, there is no discernible evidence of a cross-cutting or all-of-government strategy to increase the commercial dividends from the scientific capital we have accumulated in the biological sciences.
A 2017 report from Deloitte and BIOTECanada found 59 per cent of the companies said they were looking to government as their first source of future financing—the vast majority of such government funding comes through Innovation, Science, and Economic Development Canada, which is overseen by Navdeep Bains, pictured, as minister.
TORONTO—Canada is rich in the scientific capital needed to make us a serious player in the transformative world of biotechnology. This capital is the new knowledge generated in our universities, where researchers are seeking ways in which biological technologies can be used to address the grand c...

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