Special report
ONTARIO
Come discover the action in the Toronto region’s human health and sciences cluster. The cluster attracts over $1 billion in annual health sciences research and is home to a community of 38,000 employees. It is also the place where health sciences professionals can work big and live big in a large, cosmopolitan and diverse mega-city with a quality of life friendly to families and young singles. Many regions tout their quality of life, but we are the only metropolitan area in the world that The Economist ranked as the #1 best city to live in. Other city regions around the world can only dream of having a downtown innovation district like Toronto’s. This represents Canada’s largest concentration of research institutes, busi-
ness incubators and banking/venture capital organizations. Over 160 institutes and companies call Toronto’s Discovery District home. The University of Toronto ranks second only to Harvard in number of scientific publications and citations. research at our world-class academic institutions is complemented by discoveries made at our local and regional hospitals. Hospital research revenues in 2013/14 were $840 million, supported by over 9,500 active researchers and research staff, resulting in 277 IP disclosures and 73 commercializations. The energy from this innovation hub is further multiplied through strong connections with the cluster’s network of regional health technology office and manufacturing locations. The Toronto area is a premiere destination for clinical trials, supported by our world-class research and thriving independent clinical research community. Clinical trial management costs are significantly lower than in the U.S. and streamlined processes have been implemented to accelerate local and global collaborations. Come to Toronto and discover the action!
Biotechnology Focus / June/July 2015
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