GRI

Federal government invests $49.9 million in STEMCELL Technologies Canada Inc.

News Artificial Intelligence General Updates
Date: 19th Mar, 2025 Source: Innovation, Science and Economic Development Canada Country: Canada Original Source

Brief

"On March 19, 2025, the Innovation, Science and Economic Development Canada issued an update regarding Federal government invests $49.9 million in STEMCELL Technologies Canada Inc. This investment will support the company's project to establish large-scale production of essential inputs used to develop and manufacture vaccines, therapies, and diagnostic technologies. The two new biomanufacturing facilities will create 460 jobs and 900 co-op positions for students."

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Innovation, Science and Economic Development Canada

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