Biotechnology Industry Data Survey Shows Competition for Investment and Talent Remain Real
OTTAWA, Ontario — Poised as a vital component of Canada’s push to develop more knowledge-intensive industries, Canada’s biotechnology sector is composed of many early-stage companies that are expecting significant growth in the future. The survey results underscore the reality that the search for talent and investment will continue as an important industry priority for the immediate period ahead.
The sector is currently represented by small and medium-sized companies expecting to create new high paying jobs in the coming five years.
The number of companies with 25 or more employees is expected to increase from 20% in 2017 to 45% minimum 2021, an increase of 25 percentage points.