August 21, 2019
Originally posted on Government of Canada
ventureLAB sits on the NGen Canada Board of Directors — we are delighted for the announcement of the Advanced Manufacturing Supercluster’s first project. Congratulations to the NGen Canada and project teams on hitting this milestone!
Through the Innovation Superclusters Initiative, the Government of Canada is taking immediate and targeted action to build on Canada’s existing strengths to help our companies and their workers get ahead in the global innovation race. The Next Generation (NGen) Manufacturing Supercluster is working to make Canada home to the world’s most advanced manufacturing capabilities.
Today, the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, announced that the Ontario-based NGen Supercluster has approved its first project.
The $4.2 million project led by iVexSol Canada (Intelligent Vector Solutions) will position Canada as a leader in producing viral vectors, which are molecular tools currently used to deliver genetic material into patients suffering from late-stage cancers and rare or inherited genetic disorders. This will help meet rising global demand for such innovative cell and gene therapy treatments.
iVexSol, a Toronto-based manufacturing company, is partnering with GE Healthcare, STEMCELL Technologies and the Centre for Commercialization of Regenerative Medicine Enterprises Inc. (CCRM Enterprises) to develop a new advanced manufacturing process for viral vectors.
This collaborative project will address outdated manufacturing techniques that currently hamper the manufacturing of these critical tools in cell and gene therapies, providing next-generation manufacturing capabilities to significantly increase doses, lower costs and shorten production time while maintaining a high level of quality and safety.
Minister Bains made the announcement at CCRM, a public-private consortium that accelerates the commercialization of cell and gene therapies.
The Innovation Superclusters Initiative is a centrepiece of the Government of Canada’s Innovation and Skills Plan, a multi-year strategy to prepare Canada for the innovative jobs of today and tomorrow. This long-term program is making investments in five major hubs across the country, which are expected to create 50,000 jobs and contribute $50 billion to Canada’s GDP over the next 10 years.