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Generous incentives for R&D.
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Operate among innovation leaders engaged in every kind of life sciences activity. Ontario's broad and innovative life sciences sector includes about 1,900 firms.
Ontario ranks sixth in North America by the number of life sciences establishments and by employment. We are home to a remarkable cluster of top-ranked institutions, researchers, developers and manufacturers.
Multinational companies include:
Johnson and Johnson,
Homegrown companies include:
Telesta Therapeutics (formerly Bioniche),
Biovail (now Valeant),
Connaught Laboratories (now Sanofi Pasteur),
Novopharm (now Teva),
The world's largest producer of human vaccines discovered the ideal environment for innovation in Ontario. Innovation is the lifeblood of life sciences organizations. But taking great ideas from bench to market requires the right talent, support from private and public partners, and a competitive intellectual property regime.
There is a growing life sciences cluster here, in Ontario, and it's developing rapidly. I like to refer to it as an ecosystem. There are large companies like ourselves, universities and research institutions, skilled labour, small companies - all of this coming together.
- Mark Lievonen, Canada Country Chair, General Manager, Sanofi Pasteur
You need a dependable source of highly skilled innovation talent to grow and compete. We have the talent you need.
Exceptional talent drives success in the highly competitive life sciences market, but it's not always easy to find the scientific and business talent you need to innovate, commercialize and succeed on a global scale. Hoffman-La Roche kept this in mind as it was choosing a site for a global pharmaceutical development centre. In addition to a talent pool of over 61,500 life sciences workers, Ontario boasts a high concentration of business specialists with over 43,000 students graduated from business related programs in 2013.
Two of the top 10 international business schools are in Ontario.
I think the biggest asset Ontario provides to companies like us is its deep talent pool. We have been very impressed with the quality of the people we have hired locally for the site and I think this reflects the fact that the province does wonderful research. It produces great scientists, and sometimes you need to look locally before you look globally
- Ronnie Miller, President & CEO, Roche Canada
Four of the top ten Canadian research hospitals can be found in Ontario, attracting over $2.6 billion in sponsored research income.
Ontario is a place where today's innovative ideas are fast becoming tomorrow's world-renowned scientific, medical and technological breakthroughs, with the potential to improve millions of lives globally.
Ontario's R&D tax credits are the most generous among the OECD countries. Combined with federal R&D programs, Ontario's R&D Tax Program can reduce your after-tax cost of every $100 in R&D spending to between $61 and $37.
Select the best description of your operation to see possible after-tax savings you could achieve in on your R&D expenditures in Ontario.
Small and medium-sized manufacturers
Small and medium-sized non-manufacturers
Small Canadian-controlled private corporations
Public, private or foreign-owned
* The information provided here presents a potential after-tax cost based on assumptions regarding R&D expenditures, tax incentives and tax rates that may not apply to your business. This information does not constitute tax advice. Please consult your tax advisor to determine the after-tax cost of R&D expenditures for your business.
Our life sciences industry is diversified and clustered throughout the province. Use the map to explore clusters and locations of companies focused on advanced health technologies, pharmaceuticals, biotech and medical devices.
Thrive in a region that's home to everything from promising start-ups to midsize innovators and mature companies.
About 1,900 life sciences firms operate in Ontario, from start-ups with just a handful of employees to well-established companies with thousands. Here are some examples:
Bringing precision to orthopaedic surgery
Advancing innovation in Ontario with IBM Watson
Bayer and Versant bet big on centre for regenerative medicine
Shifting the way physicians engage patients
Spartan Bioscience: Creating the world's smallest molecular diagnostics device
Intercept Pharmaceuticals brings innovative firm back home to Ontario
Global specialty biopharma leader joins the biotech ecosystem of Ontario, Canada
Synaptive Medical: The Google Maps of Brain Surgery
Three ways disruptive technology is combatting memory loss
University of Toronto scientists lead the world in 'Heart-on-a-Chip' technology
Biotech firm leverages Ontario talent for global success
Perimeter Medical Imaging sets new gold standard in intraoperative imaging
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