Canada’s Bio-Economy is Facing a Talent Shortage

Biotalent Canada developed the most in-depth evidence-based labour market report for Canada’s bio-economy, which outlines the steps industry stakeholders can take to ignite the bio-economy’s brainpower.

The analysis suggested that Canada’s bio-economy is likely to require 65,000 additional workers by 2029. Companies will be challenged to fill positions due to a highly competitive labour market, relatively low awareness of bio-economy careers and, in many cases, an ongoing lack of HR capacity or capital to attract and retain candidates. Bio-manufacturing capacity will be a particularly urgent area of need, both in the bio-health sub-sector and more broadly.