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British Columbia - Biotech Sector - Presented by Bhanu Rahoni - Sector Manager (India)
- 1. British Columbia, Canada Your Gateway to North American business opportunities Presented by: Bhanu Rahoni Sector Manager - BiotechnologyTechnology, Research & Innovation,British Columbia Trade & Investment Representative Office (Bangalore)
- 2. Gateway to North America
- 3. Provincial Credit Rating(Standard & Poor’s) Canada Overall AAA NL A AB AAA BC AAA MB AA SK AA+ QC A+ ON AA PEI A NS A+ NB AA- Source: Standard & Poor's,
- 4. % change against Indian Rupee OANDA bid rates, Economic Times Intelligence Unit.
- 5. Indian community in British Columbia
- 6. Reduced Taxes for Investment & Talent British Columbia’s combined federal and provincial corporate tax rate is lower than any jurisdiction in North America. Personal tax rates are similarly competitive. British Columbia’s provincial corporate income tax is currently 10.5 % (10 % in 2011). The federal corporate tax rate is 16.1 % (15 %by 2012). With IFC tax refund, total corporate income tax is now 16.1 % & will become 15 % from 2012: Lowest in G7 B.C. taxes businesses at a rate of 2.5 % on their first $500,000 of business income. Government intends to eliminate the small business income tax by April 1, 2012. B.C. residents pay the lowest provincial personal income tax in Canada for incomes up to $118,000
- 7. Effective Corporate Income Tax Rates in BioTech
- 9. Quality of Living: Mercer’s survey of 221 Cities 2010 Mercer rating again places Vancouver at 4th place in “Quality of Living Survey”
- 10. World Cost of Living, 2009, Rank and Index: New York = 100) Vancouver ranks 71 Out of 143 cities in Mercer’s ranking
- 11. Life Sciences in British Columbia: Bringing Value to International Partners
- 12. Life Sciences in British Columbia is Very Diverse BioProducts and BioEnergy Forest Biotech Agricultural Biotech Biopharma & Devices Industrial Biotech Marine Biotech
- 13. World-Class Research is the Basis of our Industry
- 15. Approx.100 companies in virtually all therapeutic areas
- 17. Oncology
- 18. Genomics
- 20. Neuroscience
- 22. HIV/AIDS
- 23. Cardiology
- 26. To name a few innovations from BC: QLT’s “Visudyne” One of the most successful ophthalmology products ever 2005 worldwide sales topping $480M US. Angiotech’s Coronary Stent 2005 sales of TAXUS totaled $2.69B US
- 27. “Patent Powerhouse” Ranked 9th in N.A. by The Scientist for generating high-quality, patentable scientific research – number one in Canada. Ranked 8th in N.A., by the Milken Institute and number one in Canada for its tech transfer and commercialization activities.
- 28. Selected BC Centers of Excellence in Health Research BC Cancer Agency Genome Sciences Centre Brain Research Centre, UBC Prostate Centre, VGH Blood Research Centre, UBC HIV/AIDS Centre of Excellence, St. Paul’s Centre for Molecular Medicine & Therapeutics Providence Heart & Lung Institute, St. Paul’s iCord Spinal Chord Research Centre Centre for Drug Research and Development TRIUMF: Canada's National Laboratory for Particle and Nuclear Physics & Medicine
- 29. BC attracted top global partners
- 30. Explore Business Opportunities with British Columbia CONTACT: BC TIR office #600/1, ‘Akshaya’ First Floor 100 Feet Road, Indiranagar Bangalore, India +91 80 4116 1216 +91 96861 91723