Canada is among the countries with a fastest growth rate in the world in the Biotechnology sector.
But certainly, the Atlantic zone has been key to achieve this position, and these are some of the reasons:
Geography
The provinces of the Atlantic (Nova Scotia, New Brunswick, P.E.I. and Newfoundland) are located near some of the most important financial centres of U.S. This means a quick access to very profitable markets.
Workforce
Highly educated. The Atlantic has more post- secondary graduates than the Canadian average (one of the reasons for this is that the costs of Atlantic Institutions can be considerably lower than the ones in the west coast). According to Canadian Visa; the Atlantic region is home to 17 universities with undergraduate, graduate and specialized programs, including a full range of programs in sciences, engineering, business, agricultural and veterinary sciences, liberal arts and ocean technologies. There is also a wide range of community and public colleges in all four Atlantic Provinces. Each college's unique variety of programs focus on practical skills training.
World leaders
This point is directly related to the previous one. The Atlantic Canada Opportunities Agency states that “The four Atlantic provinces are at the forefront of global research in human health, medical technologies and diagnostics, marine biology, vaccine diagnostics, pharmaceutical and therapeutics, animal and fish health products, and agricultural technology, including a strong potato research cluster”.
In conclusion, Atlantic Canada offers:
- Significantly lower operating costs
- Highly-Skilled workforce
- World class telecommunications and transportation networks
- Proximity to USA
Infinitus can help you to introduce your products or services to companies in this area (if you are interested in this region in particular). Please, contact us to let us know your specific needs and goals!
SOURCES:
https://www.bloomburton.com/the-bioscience-sector-in-atlantic-canada/
https://www.releases.gov.nl.ca/releases/2003/itrd/0620n03.htm