Ontario Secures New Investment and 250 New Jobs in the Life Sciences Sector

Roche’s $130 million investment will expand their Global Informatics Hub in Mississauga, which is being supported by a $3.5 million investment through Invest Ontario.
This investment will create 250 new, good-paying jobs in innovative areas like artificial intelligence, machine learning, computational biology and data analysis.
Since 2018, Ontario has welcomed over $5 billion in new investments from leading global biomanufacturers and health sciences companies.
Ontario’s life sciences sector is a key economic driver, employing more than 72,000 people in high-value jobs across 2,000 firms, and exporting over $12 billion in goods to markets around the world – making Ontario the largest life sciences jurisdiction in Canada.
Phase 2 of our Life Sciences Strategy, Taking Life Sciences to the Next Level, builds on this momentum by further cultivating the conditions for both domestic and international companies to grow and thrive in Ontario. Through Phase 2, we are investing $146 million to continue establishing Ontario as a global biomanufacturing and life sciences hub and grow the sector to 85,000 high-value jobs by 2030.
As announced in the 2024 Fall Economic Statement: Building Ontario for You, Ontario is providing an additional $100 million to the Invest Ontario Fund, bringing the total size of the fund to $700 million.