Ontario, Canada remains a top destination for companies looking to expand their business. The people of Ontario have a history of discovery that has long impressed the outer corners of the globe.
Ontario is where insulin was discovered, the first pacemaker invented, and radiation first used to treat some cancers. That innovative spirit continues to live across the province, with discoveries happening every day in newer fields such as regenerative medicine, artificial intelligence (AI), and information technology.
Ontario is Canada’s largest centre of life sciences activity, which includes about 1,900 firms. The world’s top ten pharmaceutical firms all do clinical trials in Ontario, and there is a vibrant mix of large multinationals and home-grown companies changing the face of the industry. And momentum is growing.
Ontario’s 24 academic research hospitals have invested more than $1.5 billion in research and development and employ over 18,000 researchers and research staff across the province. If history repeats itself, the next big breakthrough could be found in Ontario.
In the age of artificial intelligence, adoption of advanced technology is imperative to building a sustainable business model. Ontario is a proven leader in this field. With over 300 AI firms established across the province, its ecosystem is poised for major growth, and major results.
Ontario has always been a front-runner in the automotive industry with the talent, the location and the raw goods to build and export the next generation of green automotive technology. Over the past year, we have seen massive proposed investments by industry leaders in Ontario’s electric vehicles (EV) sector.
Manufacturers are adding more EVs to their lineup, especially in Ontario, Canada. The Province is continually focused on building cars and automotive technology of the future. The recent landslide of investments in EV development in the province makes it clear—Ontario is open for business.
Ford has solidified their commitment to Ontario by investing a proposed $1.8 billion to produce battery EVs at its Oakville assembly complex. This investment includes the production of five new electric vehicle models.
Stellantis also announced it will invest a proposed $1.5 billion over three years to upgrade its assembly plant in Windsor to build electric vehicles.
Lastly, GM announced it would invest a proposed $1.4 billion in its CAMI plant in Ingersoll to produce its BrightDrop all-electric delivery van, which will become the first all-electric delivery vehicle produced by a mainstream automaker in Canada.
Ford, Stellantis and GM will join the ranks of green transportation innovators right here in Ontario, including Tesla, who is investing in their battery manufacturing R&D facility in Richmond Hill.
Supporting Green Development
The development and growth of Canada’s green technology sector is a priority for the Government of Canada. The diverse network of promising Canadian businesses in Ontario has the ability to be a vital contributor to make Canada a global leader in green technology and manufacturing.
FedDev Ontario announced a non-repayable contribution of $10 million for Innovation Guelph to lead the delivery of the i.d.e.a. Fund. This southwestern Ontario-focused initiative will help Canadian businesses focused on green technology and clean innovation succeed through access to capital and mentoring to commercialize innovative technologies. By ensuring Canadian green innovators have the necessary support to succeed, this investment will create good jobs for Canadians and continue the growth of a greener, more innovative Canadian economy.
Led by Innovation Guelph, in partnership with five southwestern Ontario Regional Innovation Centres (RICs): Haltech (Halton Region), Innovate Niagara, Innovation Factory (Hamilton), TechAlliance of Southwestern Ontario (London) and WEtech Alliance (Windsor and Chatham-Kent), the i.d.e.a. Fund will target companies with a focus on agri-innovation, cleantech and advanced manufacturing in urban and rural communities. The project will support 240 businesses, create and maintain 840 jobs, and result in the commercialization of 135 new products, services, processes and technologies. Additional details related to the Fund and application process can be found at www.idea-fund.ca.
Ontario is constantly creating new ways to make hiring quicker and easier to expand its already rich talent pool. Canadians do not need to be convinced that opening their doors to the world is essential to building business.
With a thriving economy, a strong ecosystem, and a diverse array of sector strengths and abilities, Ontario is open to new ideas, open to new discovery, and open for business.