Major new infrastructure to support Canada's rapidly expanding bioscience industry to be built in Charlottetown
February 10, 2023 · Charlottetown, Prince Edward Island · Atlantic Canada Opportunities Agency (ACOA)
Federal and provincial governments are working closely with industry to boost Canada's biomanufacturing and life sciences industries. In Prince Edward Island, the bioscience community works with organizations and businesses throughout Atlantic Canada to advance an innovative economy and make the region a globally recognized bioscience hub.
The next step in Canada's bioscience innovation ecosystem
With the guidance of the Prince Edward Island BioAlliance and government and industry support, the sector in P.E.I. has quadrupled in size since 2012 to include over 65 bioscience companies and more than 2,300 skilled workers. Today, a major step to help grow further the domestic biomanufacturing and life sciences industries was unveiled.
To that end, the Honourable Ginette Petitpas Taylor, Minister of Official Languages and Minister responsible for the Atlantic Canada Opportunities Agency, announced that the Government of Canada will invest $25,000,000 toward the design and construction of the BioAccelerator, a new biomanufacturing facility on P.E.I.
The Honourable Dennis King, Premier of Prince Edward Island also announced a $25,000,000 contribution toward the project.
A new 75,000 square foot biomanufacturing facility, the BioAccelerator will be located in the BioCommons Research Park in Charlottetown. Once completed, it will become a key piece of infrastructure to advance the bioscience and life sciences ecosystem at both the regional and national level, providing support for research activities; product development; skills and training; and scale-up for bioscience companies in Atlantic Canada. This project is spearheaded by the Prince Edward Island BioAlliance, in partnership with the Charlottetown Area Development Corporation (CADC).
The Government of Canada continues to work with provincial and business partners to support key industries in all regions of the country to grow the economy and create highly skilled and well-paying jobs for Canadians.
