For Immediate Release

December 04 (Toronto, ON) – The Ontario Centre of Innovation (OCI) has formalized a landmark Memorandum of Understanding (MOU) with a consortium of Ontario’s leading life sciences commercialization organizations to expand support for early-stage health innovators and strengthen co-investment pathways across the province.

Through this collaboration, Ontario’s Life Sciences Innovation Fund (LSIF) and participating ecosystem partners will work together to advance high-potential health startups, accelerate innovation adoption, and position Ontario as a global leader in health technology commercialization.

The MOU brings together key strategic partners in Ontario’s life sciences ecosystem, including adMare BioInnovations, Canadian Centre for Aging & Brain Health Innovation (CABHI), Capital Bioventures, Centre for Commercialization of Regenerative Medicine (CCRM), FACIT, MaRS Discovery District, Ontario Brain Institute (OBI), OBIO®, Ontario Genomics, and Toronto Innovation Acceleration Partners (TIAP).

“Ontario’s Life Sciences Innovation Fund is helping high-potential companies turn breakthrough ideas into real-world impact,” said Claudia Krywiak, President and CEO, Ontario Centre of Innovation (OCI). “This partnership unites the province’s most influential life sciences commercialization organizations behind a shared mission, supporting founders, catalyzing investment, and ensuring Ontario discoveries scale globally while creating economic and health benefits here at home.”

Together, these organizations will identify co-investment opportunities, enhance visibility of promising Ontario-based innovators, and collaborate on programs that strengthen Ontario’s talent, research, and commercialization capacity.

Through this coordinated agreement, partners will grow Ontario’s Life Sciences economy, while promoting emerging companies aligned with their mandates and identifying opportunities for co-investment in qualified life sciences ventures.

The MOU explores joint pilot initiatives, programs, and commercialization pathways, as it accelerates the growth of Ontario’s most promising early-stage health technologies.

“Ontario is a global leader in life-saving technology development, fueling world-class talent and driving economic growth,” said Raed Kadri, Vice President, Strategic Initiatives, Business Development and Head of the Ontario Vehicle Innovation Network (OVIN). “By uniting our leading life sciences institutions, we are accelerating the commercialization of homegrown technologies faster than ever before – driving innovation from research to global adoption.” 

The collaboration supports Ontario’s Life Sciences Strategy by fostering commercialization success and strengthening the province’s competitive edge in biomedicine, biotechnology, health AI, genomics, aging and brain health, oncology innovation, regenerative medicine, medtech, and related fields.

The organizations in this partnership are supported by the Government of Ontario.

Partner Quotes
“At adMare, our focus is on building life-changing, globally competitive life science companies in Canada by backing early-stage ventures with critical capital, strategic guidance, turnkey lab facilities and the leadership talent they need to thrive,” said Gordon C. McCauley, President & CEO, adMare BioInnovations. “We are excited to be part of this strategic MOU network, a powerful collaboration, creating stronger opportunities for Ontario innovators and entrepreneurs to scale companies anchored in Canada and built to lead on the world stage.”

“We’re proud to partner with OCI and other life science organizations to accelerate Ontario’s agetech innovators from early development to global scale,” said Dr. Allison Sekuler, President and Chief Scientist of the Centre for Aging + Brain Health Innovation (CABHI). “Together, we’re keeping Ontario competitive by strengthening the economy, supporting entrepreneurs, and improving the health and wellbeing of older adults and their caregivers.”

“The Life Sciences Innovation Fund is a critical component of Ontario’s Life Sciences funding ecosystem,” said Dr. Jeff Smirle, Co-Founder and Executive Director at Capital BioVentures. “Capital BioVentures is pleased to partner on this initiative by helping to de-risk Ontario’s most promising ventures for investment.”

“This partnership represents a coordinated commitment to turn Ontario’s scientific excellence into economic growth and improved health outcomes,” said Dr. Michael May, President and CEO, CCRM. “By working together through this MOU, we can help early-stage companies scale regenerative medicine and other transformative therapies from lab to market faster, strengthening Ontario’s global leadership in health innovation.”

“FACIT is proud to join this collaboration to strengthen Ontario’s life sciences ecosystem,” said Peter Goodhand, Acting President of FACIT. “With our commercialization venture expertise, partnership with the Ontario Institute for Cancer Research and continuum of risk capital, we’re uniquely positioned to bridge the seed and early venture funding gap, scale oncology start-ups, and create lasting economic and health impact for Ontarians.”

“MaRS, OBIO®, and TIAP recently launched Life Sciences Central to unlock Canada’s full innovation and economic potential by connecting the dots across our ecosystem — from lab space and capital to talent and commercialization support,” said Grace lee Reynolds (MaRS Discovery District), Dr. Maura Campbell (OBIO®) and Parimal Nathwani (TIAP), on behalf of the Life Sciences Central. “As a key partner to OCI, Life Sciences Central brings our collective experience supporting health innovators and scaling life sciences ventures. Together, we’ll maximize the impact of LSIF and ensure the next generation of Canadian health innovators thrives.”

“At OBI, we’ve seen how an integrated team science approach accelerates brain health innovation,” said Dr. Tom Mikkelsen, President and Scientific Director of the Ontario Brain Institute. “This partnership with OCI and Ontario’s leading life sciences organizations strengthens the collaborative infrastructure needed to turn discoveries into solutions that improve lives and further cement Ontario’s leadership in brain health research, commercialization, and care.”

“This is a key step to getting game-changing treatments and healthcare solutions out of the lab and into the real world to help more people,” said John Rafferty, Ontario Genomics President & CEO. “Ontario is a hotbed of homegrown innovation that needs support like this to become a part of our everyday lives.”

About the Ontario Centre of Innovation 

The Ontario Centre of Innovation (OCI) brings industry, academic, and government partners together to invest in collaborative R&D, technology development, and commercialization opportunities that generate the highest return on innovation for Ontarians.

As an ecosystem connector, OCI initiates unparalleled partnership opportunities, develops and manages successful industry-academic collaborations, supports high-potential SMEs in commercializing ground-breaking research, and provides hands-on training and skills development opportunities for the next generation of highly-skilled talent. OCI drives economic growth and job creation through investments in the development, commercialization, and adoption of advanced technologies. For more information: https://www.oc-innovation.ca

MEDIA
Alicia Pereira, apereira@oc-innovation.ca

New partnership will accelerate time from lab to market of life sciences and health technologies and drive economic growth

November 28, 2025 (Toronto, ON) — Two innovation powerhouses, the Toronto Metropolitan University (TMU) and the Ontario Centre of Innovation (OCI), are joining forces to accelerate the journey of new, homegrown life sciences and health technologies from lab to market. Building on the Toronto area’s core strengths in tech and Ontario’s position as a global hub for life sciences innovation, TMU and OCI will respond to evolving healthcare challenges and unleash the economic potential of life-saving technologies.

This partnership exemplifies the value of collaboration in translating innovation into economic impact, combining TMU’s R&D capabilities across its innovation zones and OCI’s proven leadership in forging partnerships that catalyze the entry of novel life sciences innovations into market. Together, they will help high-potential ventures scale for growth, generating a robust pipeline of Ontario-based life sciences companies that can promote better patient outcomes and foster resilience in the sector.

“Toronto Metropolitan University is committed to advancing research with real-world impact,” said Roberta Iannacito-Provenzano, Provost and Vice-President, Academic, TMU. “This partnership with the Ontario Centre of Innovation reflects our vision of translating discoveries into solutions that improve health outcomes and strengthen Ontario’s life sciences sector. By connecting researchers and industry, we are building the foundation for lasting innovation, resilience, and growth.”

TMU and OCI will lead key initiatives designed to evolve research and innovation into new life sciences and health technologies that can be commercialized, leading to their adoption. Together, the partners will foster collaboration between researchers, Ontario companies, and industry leaders in the Greater Toronto and Hamilton Area and the Kitchener-Waterloo region through events, networking opportunities, and strategic partnerships. These efforts will cultivate impactful industry-academic collaboration, serving as a launchpad for scaling made-in-Ontario life sciences innovations and accelerating Ontario’s momentum in building a resilient life sciences sector.

“At the Ontario Centre of Innovation (OCI) our strength lies in our ability to accelerate the translation of breakthrough research into real-world solutions that improve lives,” said Claudia Krywiak, President and CEO, Ontario Centre of Innovation (OCI). “This partnership with TMU will further advance that work, connecting innovators with the tools, resources, and networks they need to commercialize life sciences technologies faster. By working together, we are building a stronger innovation pipeline, supporting Ontario companies on their path to global markets, and reinforcing our province’s leadership as a hub for health innovation and economic growth.”

As home to Canada’s largest life sciences cluster, Ontario’s ability to catalyze transformative investments, now valued at over $6 billion, create good-paying jobs and improve quality of life will be greatly bolstered by partnerships like this. Through this partnership, TMU and OCI will not only strengthen linkages between innovation and industry by bringing new technologies into the healthcare system and market but also empower future innovators and support regional economic development.

“Ontario is at the forefront of the global life sciences transformation, championing a historic effort to scale homegrown technologies and companies for unprecedented growth and impact,” said Raed Kadri, Vice President, Strategic Initiatives, Business Development, and Head of the Ontario Vehicle Innovation Network at OCI. “By fostering partnerships with our globally leading postsecondary institutions and unlocking new pathways for made-in-Ontario technologies into global markets, we are leading the world in protecting and creating life sciences jobs and building a more prosperous future for all.”

About Toronto Metropolitan University

A world-class research institution and Canada’s leader in innovative, career-oriented education, TMU offers more than 60 undergraduate programs, over 65 graduate programs, and 80 continuing education certificate programs. The university boasts ten faculties, including the Lincoln Alexander School of Law and the new TMU School of Medicine. Established in 1948, TMU is home to nearly 48,000 students, including 2,900 Master’s and PhD students, 4,000 faculty and staff, and over 245,000 alumni worldwide. For more information, visit torontomu.ca.

About the Ontario Centre of Innovation
The Ontario Centre of Innovation (OCI) brings industry, academic, and government partners together to invest in collaborative R&D, technology development, and commercialization opportunities that generate the highest return on innovation for Ontarians.

As an ecosystem connector, OCI initiates unparalleled partnership opportunities, develops and manages successful industry-academic collaborations, supports high-potential SMEs in commercializing ground-breaking research, and provides hands-on training and skills development opportunities for the next generation of highly-skilled talent.

OCI drives economic growth and job creation through investments in the development, commercialization, and adoption of advanced technologies.

For more information: https://www.oc-innovation.ca

Media Contact
Toronto Metropolitan University

Denee Rudder

denee.rudder@torontomu.ca

Ontario Centre of Innovation

Alicia Pereira

apereira@oc-innovation.ca

New MOU strengthens innovation support by combining commercialization pathways with intellectual property expertise

November 27, 2025 (Toronto, Ontario) – The Ontario Centre of Innovation (OCI) and Intellectual Property Ontario (IPON) have signed a memorandum of understanding (MOU) to collaborate in supporting Ontario-based innovators, entrepreneurs, and researchers in turning cutting-edge ideas into commercial opportunities while ensuring strong intellectual property (IP) strategies are in place.

“Now more than ever, it is vital that Ontario benefits first and foremost from the discoveries made in our own backyard,” said Nolan Quinn, Minister of Colleges, Universities, Research Excellence and Security. “This partnership will ensure that innovators across Ontario have the resources they need to protect their ideas and bring them to life through commercialization, driving our economy and critical industries forward.”

This strategic partnership brings together OCI’s proven expertise in accelerating innovation, commercialization, and scale-up with IPON’s leadership in advancing IP literacy, strategy, and protection. Together, the organizations will strengthen Ontario’s innovation ecosystem by helping companies build both the business and IP foundations needed to compete and grow globally.

Through this MOU, IPON and OCI will:

• Collaborate on joint initiatives to enhance innovation and IP awareness across Ontario’s key sectors.
• Support companies funded through OCI’s programs in accessing IPON’s services and expertise.
• Provide training, mentorship, and resources that help SMEs develop and execute effective IP strategies.
• Foster a stronger pipeline of Ontario-made technologies, ensuring IP value is captured and retained in the province.

“Ontario is home to world-class innovators, and ensuring they are supported with both commercialization pathways and intellectual property strategies is key to their long-term success,” said Claudia Krywiak, President and CEO of OCI. “This partnership with IPON strengthens Ontario’s innovation advantage and helps more homegrown companies compete on the global stage.”

This MOU reflects the Ontario government’s commitment to building a resilient, knowledge-driven economy that supports innovation, attracts investment, and creates high-quality jobs for Ontarians. By working together, IPON and OCI will ensure that Ontario’s innovators have the tools, resources, and strategies they need to lead with confidence.

“Intellectual property is one of the most valuable assets innovators have, and protecting it is essential to Ontario’s economic growth,” said Paul Paolatto, Interim CEO of IPON. “Working with OCI allows us to reach more innovators at critical stages of their growth journey, ensuring that Ontario companies not only create cutting-edge technologies but also own and benefit from their IP.”

About the Ontario Centre of Innovation (OCI)

The Ontario Centre of Innovation (OCI) brings industry, academic, and government partners together to invest in collaborative R&D, technology development, and commercialization opportunities that generate the highest return on innovation for Ontarians.
As an ecosystem connector, OCI initiates unparalleled partnership opportunities, develops and manages successful industry-academic collaborations, supports high-potential SMEs in commercializing ground-breaking research, and provides hands-on training and skills development opportunities for the next generation of highly-skilled talent.
OCI drives economic growth and job creation through investments in the development, commercialization, and adoption of advanced technologies. For more information: https://www.oc-innovation.ca

About Intellectual Property Ontario (IPON)
Intellectual Property Ontario (IPON) is a provincial agency that provides trusted IP support and services to enable Ontario businesses and researchers to innovate and grow. IPON works directly with innovators and postsecondary institutions to help them better understand how to protect and maximize the value of their IP, strengthen their capacity to grow and compete in the market, and advance the province’s economic growth. For more information: www.ip-ontario.ca

Media Contacts:
Alicia Pereira, apereira@oc-innovation.ca
Laura Bunn, laura.bunn@ip-ontario.ca

FOR IMMEDIATE RELEASE

North Bay, ON – October, 31, 2025 – The Ontario Centre of Innovation (OCI) is proud to announce that SYMX.AI, a Sudbury-based mining technology company is the latest recipient of the Critical Industrial Technologies (CIT) initiative.

The SYMX.AI $2 million project exemplifies the CIT initiative’s mission to accelerate collaboration between Ontario’s SMEs and industry leaders. By leveraging artificial intelligence and Industrial Internet of Things (IIoT) technologies, SYMX.AI’s will develop a first-of-its-kind digital tire management platform in collaboration with Yokohama and Fountain Tire. Once operational, the platform will support enhanced mine-site safety, reduce fuel consumption, minimize tire waste, and increase operational efficiency through real-time insights and predictive analytics. In support of this investment, OCI is providing $641,400 in funding through CIT’s Sector Adoption Program.

“Through the Critical Industrial Technologies Initiative, our government is investing in Ontario-made technologies that are strengthening our innovation economy and unlocking new opportunities for workers,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade. “We congratulate Symx.AI, Yokahoma, and Fountain Tire on this partnership, and look forward to seeing their homegrown AI and advanced technology further enhance our province’s competitiveness and strengthen supply chains across key industries.”

Since its launch in March 2024, CIT has become a cornerstone of Ontario’s economic and technological competitiveness, delivering impact through five program streams: the Sector Adoption Program, Development and Commercialization Program, Technology Access Program, Future Ready Skills Program, and Technology Development Internship Program.

“For over four decades, mining operations have faced existential challenges, from escalating costs to declining productivity and sustainability pressures,” said Ash Agarwal, CEO of SYMX.AI. “Technology solutions have long been fragmented, with no single approach addressing the full scope of these issues. SYMX.AI has changed that. Our integrated platform delivers measurable improvements, over 10% across efficiency, productivity, and sustainability. Support from CIT is instrumental in advancing the design and deployment of this transformative solution.”

The Critical Industrial Technologies Initiative has helped more than 185 Ontario small-and medium-sized enterprises (SMEs) adopt and commercialize advanced technologies such as AI, robotics, and cybersecurity across key sectors including Advanced Manufacturing, Agri-Food, Construction, and Mining, all while developing a skilled, future-ready workforce.

“Ontario’s Critical Industrial Technologies (CIT) initiative is about connecting innovation to impact, helping Ontario companies lead in the technologies that define the future of industry,” said Claudia Krywiak, President and CEO of the Ontario Centre of Innovation (OCI). “SYMX.AI’s work demonstrates how Ontario innovation can modernize industries, improve efficiency, and deliver sustainable, made-in-Ontario solutions to global markets.”

To date, OCI has deployed $21.7 million of the total $50 million CIT funds into SMEs across the province. This investment has been matched by $34.1 million from private industry, for a province-wide total investment of $55.8 million. Through the CIT initiative 185 projects have been funded, engaging more than 194 Ontario companies across four key sectors including:

• – Advanced Manufacturing: $4.8M public matched by $7.5M private
• – Agri-Food: $4.7M public matched by $6.7M private
• – Construction: $7.9M public matched by $12.8M private
• – Mining: $4.3M public matched by $7.1M private

“Ontario is driving global industrial transformation through collaboration between industry and homegrown innovators, securing good-paying jobs across critical sectors of the economy,” said Raed Kadri, Vice President of Strategic Initiatives, Business Development and Head of the Ontario Vehicle Innovation Network (OVIN). “Through the Critical Industrial Technologies initiative, we’re ensuring Ontario companies are integrating the latest cutting-edge technologies: strengthening supply chains, enhancing productivity, and ensuring Ontario remains a global leader in industrial innovation.”

About the Critical Industrial Technologies Initiative:
Critical Industrial Technologies (CIT) is an initiative of the Government of Ontario, led by the Ontario Centre of Innovation (OCI), available to Ontario SMEs to accelerate the commercialization and adoption of critical technologies; 5G, AI, blockchain, cybersecurity, quantum computing, and robotics, across key sectors including Advanced Manufacturing, Agri-Food, Construction, and Mining. Focusing on talent development, product innovation, and sector transformation projects, CIT is building the future of industry in Ontario.  For more information about the Critical Industrial Technologies initiative and the Technology Development Sites, please visit the CIT website.

About the Ontario Centre of Innovation 

The Ontario Centre of Innovation (OCI) brings industry, academic, and government partners together to invest in collaborative R&D, technology development, and commercialization opportunities that generate the highest return on innovation for Ontarians. As an ecosystem connector, OCI initiates unparalleled partnership opportunities, develops and manages successful industry-academic collaborations, supports high-potential SMEs in commercializing ground-breaking research, and provides hands-on training and skills development opportunities for the next generation of highly-skilled talent. OCI drives economic growth and job creation through investments in the development, commercialization, and adoption of advanced technologies. For more information: https://www.oc-innovation.ca

Media Contact:
Alicia Pereira, apereira@oc-innovation.ca

Toronto, ON – October 22, 2025 – Today, the Ontario Centre of Innovation (OCI) welcomed partners, stakeholders, and innovators from across the province to its Annual General Meeting (AGM), held at the Toronto Reference Library. Kicked off by OCI President and CEO Claudia Krywiak and Ontario’s Minister of Economic Development, Job Creation and Trade Victor Fedeli, the event celebrated Ontario’s innovation leadership, highlighted extraordinary achievements from the past year, and set the stage for what’s ahead.

“In a rapidly changing world, Ontario’s world-class workforce and innovation ecosystem have remained steadfast, driving growth and unlocking opportunities across the life sciences, advanced manufacturing, and technology sectors,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade. “The Ontario Centre of Innovation plays an important role in supporting our government’s work to build resilient supply chains, protect local workers, and ensure Ontario remains equipped to seize the generational opportunities ahead. We look forward to seeing Ontario-made products and solutions advance to new heights under their program offerings in the coming year.”

A historic leadership milestone was announced as Pina D’Agostino was appointed Chair of OCI’s Board of Directors, becoming the first woman in the organization’s history to hold this role.

“Dr. Pina D’Agostino’s appointment comes at turning point in Ontario’s innovation history, where renewed vision and focused determination will prove vital to keeping the province’s economy competitive,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade. “We congratulate Dr. D’Agostino on this new role and look forward to seeing her leadership build upon the foundations set by Mark Henderson, as she guides the OCI’s next phase of growth.”

D’Agostino succeeds Mark Henderson, who has served with distinction for the past 8 years, 2 of those as the Board Chair. During his time as Board Chair, he has significantly helped guide OCI through a transformative period of growth and impact.

“We’re thrilled to welcome Pina D’Agostino as the new Chair of OCI’s Board of Directors, and the first woman in OCI’s history to hold this important role. Pina brings extraordinary vision and leadership that will help guide OCI into its next chapter, building on the exceptional foundation laid by Mark Henderson,” said Claudia Krywiak, President & CEO, Ontario Centre of Innovation. “This is an exciting moment for our organization, our ecosystem, and Ontario’s innovation economy.”

OCI shared record-breaking results from the past fiscal year (April 1, 2024 – March 31, 2025), underscoring its impact on Ontario’s innovation economy:

• $161 million total investment into Ontario’s innovation ecosystem
• $680 million in incremental sales revenues by OCI-supported companies
• $90 million in co-investment from industry and partners
• $700 million in industry follow-on investment
• 10,696 individuals engaged through workforce development programs
• 692 Ontario companies supported
• 6,505 jobs created or retained

“These numbers represent more than just metrics, they represent ideas becoming companies, companies creating jobs, and Ontario strengthening its leadership on the global stage,” said Claudia Krywiak, President and CEO of OCI.

The AGM was also a platform to share exciting news about OCI’s next chapter. OCI’s brand new “Where Next Happens” podcast was launched publicly for the first time. Where Next Happens, which will spotlight groundbreaking Ontario-based companies shaping the future of AI, health, technology, mobility, and more.

Also announced was the first keynote speaker for the annual tradeshow and conference, DiscoveryX. Natasha Walji, Managing Director of Google Canada, was announced as a keynote speaker. Walji will bring insights on the future of technology, innovation, and global competitiveness.

As part of OCI’s mission to recognize and support homegrown innovators, two major awards were presented on stage, like past years. The Mind to Market (M2M) Award was presented to Gotcare, who received $5,000 in recognition of their innovative, patient-centered healthcare platform, and the 2025 Baylis Ontario Life Sciences Innovator of the Year Award, voted on by the public, was awarded to Sydney Robinson, CEO and Co-Founder of Vessl Prosthetics, whose groundbreaking work is redefining the future of prosthetic design.

“This AGM is about more than looking back, it’s about celebrating the people, companies, and partnerships that are building Ontario’s innovation economy,” said Mark Henderson, former OCI board Chair. “From launching new platforms like our podcast to welcoming outstanding leaders like Natasha Walji to DiscoveryX, we’re proud to showcase how and where Ontario is shaping what’s next.”

About the Ontario Centre of Innovation
The Ontario Centre of Innovation (OCI) brings industry, academic, and government partners together to invest in collaborative R&D, technology development, and commercialization opportunities that generate the highest return on innovation for Ontarians.

As an ecosystem connector, OCI initiates unparalleled partnership opportunities, develops and manages successful industry-academic collaborations, supports high-potential SMEs in commercializing ground-breaking research, and provides hands-on training and skills development opportunities for the next generation of highly-skilled talent.
OCI drives economic growth and job creation through investments in the development, commercialization, and adoption of advanced technologies.
For more information: https://www.oc-innovation.ca

Media Inquiries:
Alicia Pereira, apereira@oc-innovation.ca

New Grant to Help Ontario Retailers Embrace Digital Tools and Boost Sales

BRANTFORD, ON – Today, Associate Minister Nina Tangri announced that the Ontario Centre of Innovation (OCI) is expanding the reach and impact of Ontario’s Digitalization Competence Centre (DCC) thanks to a new $7.5 million investment from the Government of Ontario. This funding will support hundreds of small and medium-sized businesses (SMEs) across the province as they adopt digital technologies, boost competitiveness, and build long-term resilience.

“Small businesses are the backbone of Ontario’s economy, and our government is helping more businesses embrace new technologies that will improve their operations, ensuring they stay competitive in today’s digital economy,” said Nina Tangri, Associate Minister of Small Business. “Under the leadership of Premier Ford, we will continue to support  small businesses in priority sectors like retail, so they can create jobs and grow the economy for everyone.”

Launched in 2022 and delivered by OCI, the DCC is a flagship program helping Ontario businesses modernize operations and adopt made-in-Ontario technology solutions. With today’s announcement, DCC will grow to include new supports for Ontario’s retail sector while continuing to scale the highly successful Digital Modernization and Adoption Plan (DMAP) stream.

“Ontario’s small businesses are ready to grow, and digital tools are key to unlocking that potential,” said Dr. Claudia Krywiak, President and CEO of the Ontario Centre of Innovation. “Through Ontario’s Digitalization Competence Centre (DCC), companies across the province are able to streamline operations, boost competitiveness, and bring Ontario-made technologies to market faster.”

Of the $7.5 million investment, $5 million is being directed to support new and existing DMAP projects. DMAP helps companies assess their digital needs, work with qualified consultants to build a roadmap, and receive up to $15,000 in matching grants for digital planning. Businesses that complete a DMAP project can then apply for a Technology Demonstration grant of up to $100,000, allowing them to implement the digital technologies outlined in their Digital Modernization Adoption Plan.

To date, DCC has approved:

• 249 DMAP projects, resulting in over $3.2 million in funding;
• 45 Technology Demonstration projects, with over $5.5 million invested;
• A roster of more than 100 Digital Adoption Consultants across Ontario;
• An Ontario Digital Technology Vendors List of over 140 companies.

Participants in the DCC program have reported more than $380 million in increased revenue, a clear sign of the measurable economic impact of digital adoption.

“As local entrepreneurs navigate the pace of change in the digital economy, Ontario’s Digitalization Competence Centre (DCC) has placed small businesses on the map, as engines of economic growth, job creators, and agents of revitalizing local communities,” said Raed Kadri, VP of Strategic Initiatives, Business Development and Head of OVIN, OCI. “Ontario’s renewed investment in the DCC and its expansion into retail will empower even more small businesses to harness the power of innovation and next-generation technologies that will fuel their success and build resilience for years to come.”

The remaining $2.5 million will fund the Retail Modernization Project Grant, a new DCC offering designed to help Ontario retailers access tools such as:

• Online payment and e-commerce platforms
• Inventory and customer relationship management (CRM) systems
• Cybersecurity solutions
• Artificial intelligence tools for business optimization

Retailers can receive a matching grant of up to $5,000 to adopt new digital technologies.

This investment builds on OCI’s long-standing mandate to support early-stage innovation, strengthen Ontario’s technology ecosystem, and help businesses compete globally—especially in fast-moving sectors like fintech, health, manufacturing, and now, retail.

To learn more about the DCC, DMAP, or the Retail Modernization Project Grant, visit: www.oc-innovation.ca/DCC

Media Contact
Alicia Pereira, apereira@oc-innovation.ca

[June 12, 2025, Toronto, ON] – In a bold move for Ontario’s life sciences sector, Ontario Centre of Innovation (OCI) and Centre for Commercialization of Regenerative Medicine (CCRM) are joining forces to accelerate the province’s regenerative medicine ecosystem, including cell and gene therapy. This strategic collaboration aligns with both organizations’ mandates and the Government of Ontario’s life sciences sector strategy, ensuring the province remains at the forefront of medical innovation.

Under this initiative, OCI and CCRM are partnering to drive the market adoption of advanced therapies representing the future of health care. By harnessing CCRM’s expertise in translating regenerative medicine technologies to reach the marketplace, the collaboration will accelerate progress in biomanufacturing, talent development and industry growth, strengthening Ontario’s position as a global leader in regenerative medicine. Together, OCI and CCRM will support the growth of CCRM’s landmark spin-out, OmniaBio Inc, a commercial-scale contract development and manufacturing organization, based in Hamilton, advancing a blueprint for “biomanufacturing of the future” through AI and automation.

“This collaboration represents a transformational opportunity to drive the commercialization of cutting-edge life science innovations in Ontario,” said Claudia Krywiak, CEO of Ontario Centre of Innovation. “By working together, we are fostering a dynamic ecosystem where groundbreaking therapies can be developed and delivered to patients more efficiently, ultimately improving health outcomes and maximizing economic growth.”

A critical component of this initiative is facilitating biomanufacturing in Ontario to ensure the province has the infrastructure and expertise to support the commercialization and production of innovative therapies. This partnership will enhance Ontario’s biomanufacturing capabilities, ensuring that cell and gene therapies can be produced at scale while maintaining the highest standards of quality and safety.

CCRM has a long-standing track record of catalyzing scientific discoveries and translating them into real-world applications. Through this partnership, the organization will expand its capacity to support pioneering researchers, startups, and industry leaders working to revolutionize health care.

“We are thrilled to collaborate with OCI in strengthening Ontario’s regenerative medicine and biomanufacturing ecosystem,” said Michael May, President and CEO of CCRM. “This partnership will help us unlock new opportunities for innovation, attract world-class talent, and drive forward transformative companies that will change lives.”

This partnership underscores Ontario’s commitment to position itself as a global hub for life sciences, biotechnology and biomanufacturing. By aligning with the government’s strategic vision, OCI and CCRM are paving the way for groundbreaking medical advancements that will benefit patients, researchers, and the economy alike.

“This collaboration between OCI and CCRM marks a significant step forward in cementing Ontario’s leadership in cell and gene therapy,” said Mark Henderson, Chair of the Board, Ontario Centre of Innovation (OCI). “By aligning our shared strengths and strategic goals, we are helping to build the infrastructure, talent, and momentum needed to bring world-changing medical innovations to life and to patients. It’s a powerful example of what’s possible when we invest in Ontario-grown partnerships that prioritize health, economic growth and global impact.”

“CCRM is committed to seeing Ontario become a leader in cell and gene therapy manufacturing, and OCI’s support will go a long way to realizing this goal,” said Michael Nobrega, Chair of the Board, CCRM. “This collaboration ultimately benefits patients, it benefits Canada, and it continues to propel the global cell and gene therapy industry.”

About the Ontario Centre of Innovation
Ontario Centre of Innovation (OCI) brings industry, academic, and government partners together to invest in collaborative R&D, technology development, and commercialization opportunities that generate the highest return on innovation for Ontarians. As an ecosystem connector, OCI initiates unparalleled partnership opportunities, develops and manages successful industry-academic collaborations, supports high-potential SMEs in commercializing ground-breaking research, and provides hands-on training and skills development opportunities for the next generation of highly skilled talent. For more information: https://www.oc-innovation.ca

About CCRM
CCRM is a global, public-private partnership headquartered in Canada. It has received funding from the Government of Canada, the Province of Ontario, and leading academic and industry partners. CCRM supports the development of regenerative medicines and associated enabling technologies, with a specific focus on cell and gene therapy. A network of researchers, leading companies, investors, and entrepreneurs, CCRM accelerates the translation of scientific discovery into new companies and marketable products for patients with specialized teams, dedicated funding, and unique infrastructure. In 2022, CCRM established OmniaBio Inc., a commercial-stage CDMO for manufacturing cell and gene therapies. CCRM is hosted by the University of Toronto. Visit us at ccrm.ca.

MEDIA
Alicia Pereira, Ontario Centre of Innovation, apereira@oc-innovation.ca
Stacey Johnson, CCRM, stacey.johnson@ccrm.ca

FOR IMMEDIATE RELEASE

TORONTO, ON [June 09, 2025] — The Ontario Centre of Innovation (OCI) is proud to announce the successful full deployment of Ontario’s Life Sciences Innovation Fund (LSIF), with $15 million in public investment catalyzing more than $48 million in private sector co-investment, for a total of $63 million invested into 30 high-potential life sciences companies across the province.

“Ontario’s life sciences sector is a key driver of our province’s economy, which is why our government is making strategic investments to ensure more medical breakthroughs are discovered and developed right here, at home,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade. “By renewing the Life Sciences Innovation Fund, we are taking decisive action to build a more resilient and self-reliant economy, focused on protecting Ontario workers, businesses and good-paying jobs.”

Launched to accelerate the commercialization of made-in-Ontario medical technologies, the LSIF has supported a diverse portfolio of ventures in medical devices, therapeutics, and health IT, including in Northern and rural communities. Each of the 30 companies received a $500,000 investment, helping to drive job creation, early sales traction, and global follow-on capital.

“This renewed investment in Ontario’s LSIF empowers homegrown companies to bring health breakthroughs to market, create jobs, and cement our global leadership in life sciences,” says Claudia Krywiak, President and CEO of the Ontario Centre of Innovation. “The Ontario Centre of Innovation is proud to support these innovators alongside the Government of Ontario.”

Program Results to Date:

• $63 million total investment across 30 Ontario life sciences companies
• $48 million in private sector co-investment (1:3.2 leverage)
• 349 jobs created
• $29 million in new sales
• $51 million in follow-on investment

“The Ontario government’s continued investment in the LSIF underscores their commitment to building homegrown Ontario companies that drive economic development and job creation in our province,” said Raed Kadri, Vice-President, Strategic Initiatives and Business Development and Head of Ontario Vehicle Innovation Network at the Ontario Centre of Innovation. “By supporting domestic companies developing transformative medical technologies, we’re not only improving healthcare outcomes but also strengthening Ontario’s position as a global leader in the life sciences sector.”

The announcement comes as 13 new LSIF investments—totalling $6.5M with $22.8M in private co-investment—are finalized, further strengthening Ontario’s position as a global health innovation leader.

“Northern Vascular Systems is thrilled to receive support from Ontario’s LSIF, which is helping us accelerate our path to human studies and strengthen our company’s growth,” said Joel Ramjist, CEO & Co-Founder, Northern Vascular Systems. “As a spin-off from an Ontario academic hospital, it’s exciting to see investment funds like LSIF backing breakthrough health technologies and supporting companies like ours in bringing innovations from lab to market.”

For more information on LSIF, visit: https://www.oc-innovation.ca/programs/life-sciences-innovation-fund/

Media Contact:
Alicia Pereira, (416) 888-4088, Ontario Centre of Innovation

About the Ontario Centre of Innovation 

The Ontario Centre of Innovation (OCI) brings industry, academic, and government partners together to invest in collaborative R&D, technology development, and commercialization opportunities that generate the highest return on innovation for Ontarians.

As an ecosystem connector, OCI initiates unparalleled partnership opportunities, develops and manages successful industry-academic collaborations, supports high-potential SMEs in commercializing ground-breaking research, and provides hands-on training and skills development opportunities for the next generation of highly-skilled talent.
OCI drives economic growth and job creation through investments in the development, commercialization, and adoption of advanced technologies.
For more information: https://www.oc-innovation.ca

TORONTO, ON, April 17, 2025 – The second and final day of DiscoveryX concluded with an inspiring showcase of Ontario’s innovation economy—featuring global thought leaders, next-gen technologies, and the province’s top startups forging connections that will drive the future of industry.

“DiscoveryX proves what’s possible when Ontario’s brightest innovators, boldest entrepreneurs, and most dedicated partners come together,” said Claudia Krywiak, President and CEO of the Ontario Centre of Innovation. “This event is a catalyst—for collaboration, for investment, and for global impact.”

Building on the success of Day 1, the final day of DiscoveryX featured high-impact sessions on topics ranging from quantum computing and advanced AI to clean energy and talent development—highlighting the role of innovation in creating solutions for today’s most pressing challenges.

“DiscoveryX once again put on a fantastic conference and trade show. Events like these are essential for the future of tech innovation here in Ontario and around the globe,” said Nina Tangri MPP for Mississauga Streetsville & Ontario’s Associate Minister of Small Business. “Our government understands critical technologies and their impact on key sectors. We will continue to stand shoulder to shoulder with our job creators and innovators as they help advance Ontario.”

Day 2 highlights included:

· A powerful closing keynote from world renowned Futurist Amy Webb, emphasizing the future of Where Technology is headed next.

· The announcement of over $40,000 in prize money to the winners of both the Ignite Innovation Pitch Competition award (Cove Neuroscience, University of Toronto), sponsored by Interac; and the Where’s Next Pitch Competition award (LenSense Inc. Queen’s University), sponsored by Intellectual Property Ontario (IPON), recognizing excellence in homegrown health innovation.

· Over 15 panels focused on global market entry, inclusive innovation, and the future of entrepreneurship.

· Over 300 Ask-An-Investor meetings on the show floor, with investors, researchers, and companies building new partnerships across sectors.

As DiscoveryX comes to a close, OCI and its partners remain focused on turning today’s ideas into tomorrow’s industries—with support for innovators at every stage of their journey.

The future of innovation is here—and it’s made in Ontario.

For more information and to secure your attendance for next year, visit the DiscoveryX website or the Ontario Centre of Innovation

Media Contact: Alicia Pereira, apereira@oc-innovation.ca

TORONTO, ON, April 16, 2025 – DiscoveryX, Ontario’s premier innovation showcase, launched today with a powerful lineup of speakers, game-changing technologies, and the brightest minds in tech coming together to spotlight the future of innovation.

“One of Ontario’s greatest strengths is our ability to bring government, academia, and industry together to turn ground-breaking ideas into reality,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade. “DiscoveryX is an opportunity to showcase our province’s brightest innovators and demonstrates that Ontario is not just participating in the global innovation landscape but leading it. With over 75,000 annual STEM graduates and a thriving innovation ecosystem, Ontario is setting the standard for industries around the world.”

Hosted by the Ontario Centre of Innovation (OCI), Day 1 of DiscoveryX featured standing-room-only keynote sessions, interactive exhibits, and hundreds of startups from across the province demonstrating how Ontario is shaping the next generation of solutions in life sciences, cleantech, advanced manufacturing, quantum, and more.

“This is where Ontario’s innovators shine,” said Claudia Krywiak, President and CEO of OCI. “DiscoveryX is more than an event—it’s a launchpad for companies, a hub for collaboration, and a reminder of just how powerful our ecosystem can be when we work together.”

Highlights from Day 1 included:

· A keynote fireside chat with Godfather of AI, Dr. Geoffrey Hinton and colleague Jordan Jacobs, sharing bold insights on where AI is going next;
· A keynote from NVIDIA’s Aaron Erickson;
· Breakthrough demos from startups in health innovation, automotive, cleantech and AI;
· A full lineup of panels featuring thought leaders from government, industry, and academia;
· The opening of the DiscoveryX’s Explore NeXt Innovation area, showcasing over 11 companies showing attendees “where next in technology”.

Regional Innovation Centres (RICs) from across the province were also welcomed and celebrated for their critical role in supporting early-stage businesses and fueling growth in every region of Ontario. A roundtable on Agri-tech was hosted but some of the brightest names in the industry.

With energy high and momentum building, Day 1 set the tone for what promises to be an unforgettable DiscoveryX experience.

Stay tuned for Day 2—featuring even more innovation, inspiration, and connection. For more information, visit https://www.discoveryxconference.ca/home or https://www.oc-innovation.ca/

Media Contact: Alicia Pereira, apereira@oc-innovation.ca