The federal government is providing $1.2 billion in emergency funding to help startups and rural businesses survive the COVID-19 crisis. Participants in Canada’s innovation sector say government could also help by providing tax incentives, matching funding and loans for angel investment.
Person: Prime Minister Justin Trudeau
Canada’s Innovation Superclusters join fight against COVID-19
Tasked by Ottawa to prioritize funding that responds to COVID-19, two of Canada’s Innovation Superclusters have already launched programs to help combat the pandemic.
Vancouver biotech firm AbCellera wins SIF research funding to fast-track antibody therapies against COVID-19
Vancouver-based biotech firm AbCellera, using its technology spun off research at University of British Columbia, is fast-tracking testing and clinical trials of therapeutic antibodies against COVID-19.