Ontario biotech start-ups get government funding and business support

Four new start-ups have been welcomed into BioCreate, Ontario Genomics’ $11.6-million accelerator program providing financial and business support to biotechnology companies that are creating game-changing solutions in the health, food and agriculture, and cleantech industries. BioCreate is funded by Ontario Genomics and a Government of Canada investment of over $5.6 million, through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario).

The program connects highly vetted companies with $150,000 in funding, 18 months of business mentorship, access to critical infrastructure to scale up their products and an opportunity to pitch to investors for further funding.

Congratulations to the selected companies - AuX Labs, Genuine Taste, mDETECT and Scispot! Shout-out to OBIO-affiliated companies, SciSpot and mDETECT!