2. Cluster Definition A business cluster is concentrated of interconnect business, suppliers, and associated institutions in a particular field. The main purpose of clusters are to increase productivity with which companies can compete, nationally and globally.
3. Biotech Cluster In Toronto Toronto is Canada’s largest biotech cluster, fourth largest in North America and among the top 10 in the world Researchers in Toronto are world-known for their strength in genomics, proteomics and bioinformatics
4. Biotech Facts More than 100 medical / biotech companies Nine Toronto teaching hospitals and more than 30 specialized institutions receive over $400 million annually to conduct advanced world-leading research More than half of Canada’s pharmaceutical companies, as well as 80% of generic drug manufactures are in Toronto
5. Growing biotech cluster Premier of Ontario, Dalton McGuinty, going to Israel and the West Bank to promote Ontario’s innovative life sciences company.
6. Growing Biotech Cluster (Cont’d) Emerging clusters between Toronto and Vancouver Saskatoon tops in KPMC ranking (second most competitive with populations of one million people or fewer Biotechnology companies get the benefits of government and universities supports
7. Canada gets a D in Innovation Rank 14th among 17 industrialized nations for its ability to turn knowledge into money-making products and services Canada has fallen behind due to a complicated and slow regulatory process , and a reluctance of domestic companies to buy products developed in Canada
8. Biotech V.I.P Dr. Calvin Stiller - a professor at University of Western Ontario Helped built medical science and develop medical technology into the Canada industry!
9. Major Players in Research and Pharmaceutical University of Toronto medical school is Canada’s largest Samuel Lunenfeld Research Institute - Canada’s largest centre for genetics research The Hospital for Sick Children Apotex and Novopharm
10. Supporting Systems MaRS Discover Centre Centre for Cellular and Bimolecular Research Not for profit Toronto Biotechnology Initiative
