It's time to embrace the lab coat in Metro Vancouver.
April 2023 – A new report from Invest Vancouver,
Life Sciences in Metro Vancouver: Shaping a Globally Prominent R&D Hub, highlights the many ways our region's life sciences industry is attracting global attention and identifies key recommendations to encourage its growth.
Metro Vancouver's vibrant life sciences industry has made a number of major contributions to public health in recent years, including developing crucial COVID-19 vaccine technology, advancing cancer treatment, and delivering antibody-based medicines for diseases such as COVID-19 and cancer. Our region also has the fastest-growing life sciences company in Canada, AbCellera.
The report features findings from comprehensive interviews with firms and an analysis of over 20 years of economic data. This approach taken by Invest Vancouver provides an extensive and current understanding of the region as a life sciences hub and what actions can support additional growth including controlling costs, accessing web lab space, and needing to attract talent.
" Invest Vancouver’s latest report captures very well the strengths and needs of the life sciences industry. Coordination across government, our industry associations, and investment attraction agencies can help us overcome barriers to unlocking further growth in an industry that is increasingly playing a prominent role in our regional economy.