Ontario Supporting Life Sciences Innovations

June 9, 2025

• Ontario’s life sciences sector is a key driver of our province’s economy, which is why our government is making strategic investments to ensure more medical breakthroughs are discovered and developed right here, at home.
• LSIF helps companies across the province capitalize on promising medical technologies and unlock new commercial opportunities.
• Building on the success of LSIFs initial launch in 2022, the 2025 Ontario Budget: A Plan to Protect Ontario included a renewal of the program with an additional $15 million investment to be delivered over the next three years.
• Today’s investment marks an important milestone for the province, as the initial round of funding has generated more than $48 million in private-sector co-investments, supporting our plan to build a more competitive, resilient, and self-reliant economy at a time of growing global uncertainty.
• By renewing the Life Sciences Innovation Fund, we are taking decisive action to build a more resilient and self-reliant economy, focused on protecting Ontario workers, businesses and good-paying jobs.