February 10, 2023 – PEI BioAlliance: The Governments of Canada and PEI announced a $50 million investment in the BioAccelerator, the largest single investment in economic development infrastructure in PEI history. Ginette Petitpas Taylor, Minister of Official Languages and Minister responsible for ACOA, and Premier Dennis King made the announcement in support of Canada’s Biomanufacturing and Life Sciences Strategy and the province’s strategic plan for the bioscience sector.
Spearheaded by the PEI BioAlliance, this new 75,000 sq. ft. biomanufacturing centre of expertise is unique in Canada in its design and service delivery components. It will enable Canadian bioscience companies to carry out research and new product development, process development, manufacturing scale up, as well as provide access to biopharmaceutical manufacturing skills and training.
Situated in the BioCommons Research Park in Charlottetown, the BioAccelerator builds upon recent public and private sector investments such as BIOVECTRA’s expansion into the development of mRNA-Vaccines and bio-manufacturing facilities, the Canadian Alliance for Skills and Training in Life Sciences (CASTL), and the BioManufacturing Incubator. It will provide much-needed biomanufacturing infrastructure to advance the bioscience and life sciences ecosystem at both the regional and national level.
Read the full news release here