South Island Prosperity Partnership (SIPP) today released an in-depth report on the life sciences sectors in Greater Victoria, highlighting the region’s potential as an emerging hub for cutting-edge innovations and entrepreneurial growth.
Greater Victoria’s Life Sciences Sector: An Assessment of Assets, Capabilities & Opportunities, commissioned by SIPP in collaboration with the District of Saanich, provides a comprehensive analysis of the region’s life sciences ecosystem, including strengths, challenges and opportunities for future development.
Key findings from the report from Qatalyst Research Group include:
– Greater Victoria is home to 60-plus life sciences companies, spanning diverse fields such as medical devices, biotech and digital health.
– Infrastructure developments, including the Centre for Advanced Materials and Related Technology (CAMTEC) at the University of Victoria (UVic), as well as planned wet lab facilities and innovation spaces, are enhancing the region’s capacity to support startups and emerging companies.
– The proximity to high-quality post-secondary institutions provides access to cutting-edge research and skilled graduates, enabling the region’s life sciences companies to stay at the forefront of innovation.
