How Defense Spending could help Canada Beyond the Military

Scaling up dual-use technologies can help bolster domestic supply chains, monitor crops, support environmental initiatives, and foster new innovations.

Prime Minister Mark Carney recently pledged that Canada will more than double defence spending to hit 5% of GDP by 2035. In an article published by MaRS, Dr. Maura Campbell, President and CEO of OBIO®, weighs in on the significance of this decision for healthcare companies developing dual-use technologies, while also highlighting knowledge gaps that need to be addressed.

Dr. Campbell says, “The amount of spending they’re talking about is bigger than any defence-related investment we’ve seen in the life sciences federally or provincially, so it’s worth it for companies to figure this out.”