Increasing the economic value of Canada’s investments in science and technology by enhancing commercial successes in the natural products sector.
February 12, 2016 – Toronto Ontario. Today, the Ontario Bioscience Innovation Organization welcomes the creation of Natural Products Canada Inc. (NPC), the nation’s newest Centre of Excellence for Commercialization and Research.
The Government of Canada’s Networks of Centres of Excellence has committed $14 million over 5 years to fund NPC’s efforts to establish Canada as a global leader in the development and commercialization of natural products.
“I welcome OBIO as a founding member of NPC,” said Shelley King, Chief Executive Officer, Natural Products Canada Inc. “The OBIO is already recognized for its contribution to building Ontario’s health science ecosystem. We look forward to their leadership in facilitating the commercial success of Ontario companies in the natural products markets.”
Canada’s four regional NPC nodes involve AgWest Bio as NPC West, the Ontario Bioscience Innovation Organization (OBIO) as NPC Ontario, the Institute for Nutrition and Functional Foods (INAF) as NPC Quebec, and the Prince Edward Island BioAlliance as NPC Atlantic.
“OBIO is very excited to be part of a national network of partners relevant to the natural products sector,” said Gail Garland, CEO OBIO. “By working together we will identify the opportunities and coordinate execution of a strategy that achieves commercial success for natural product companies and deliver economic and health benefits to Ontario and Ontarians.”
• News Release: http://www.nce-rce.gc.ca/Media-Medias/news-communiques/News-Communique_eng.asp?ID=174
• CECR fact sheet: http://www.nce-rce.gc.ca/NetworksCentres-CentresReseaux/CECR-CECR/NPC-PNC_eng.asp
About Natural Products Canada Inc.
Natural Products Canada (NPC) is a national, not-for-profit centre of excellence for natural products research and commercialization. NPC drives commercialization of natural products for the benefit of the economy, and the health and well-being of Canadians; builds on previous national, regional and provincial investments; and, links and aligns key players nationally and internationally. NPC’s regional nodes provide national scope for NPC, with integrated support from Canada’s vast partner network of human, financial, infrastructure, and science and technology resources. Established in 2015, NPC is hosted at the University of Prince Edward Island in Charlottetown, PEI.
The Ontario Bioscience Innovation Organization (OBIO®) is a not-for-profit, membership-based organization engaged in the development of an integrated health innovation economy for Ontario and one that will become a global leader in providing health technology products and services to the international marketplace. OBIO advances this goal through advocacy, promotion and strategic leadership and via collaborative partnerships with industry, academia, patients and government