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A healthy investment for your business
Surrounded by some of the country’s leading research hospitals, universities and innovation centres, Oakville is a healthy investment for your business. We are located in the heart of Canada’s life sciences corridor, which is home to the country’s prominent healthcare organizations.
A new hospital, opening in 2015, will represent state-of-the-art patient care and serve as the foundation for further development of Oakville’s life sciences cluster. The new 1.6 million square feet hospital will feature a LEED Silver design, a cancer care clinic and a teaching partnership with McMaster University. With ample development land in close proximity to the new hospital, Oakville is perfectly positioned as a world-class life sciences community.
In the heart of life sciences research, education and treatment
Oakville is situated in the centre of a life sciences corridor stretching 80 kilometres, with research intensive hubs anchoring the corridor at each end from Hamilton to Toronto. These hubs for innovation include numerous academic and research institutions including McMaster University; University of Toronto; the MaRS centre, and some of Canada’s foremost research and teaching hospitals.
Locating in Oakville gives you access to a world of life sciences capabilities. Our community is fortunate to have eight accredited universities as well as seven technical colleges within an hour of downtown; many offer advanced courses and degrees in the health sciences field.
Life sciences companies prosper in Oakville
When you locate in Oakville, you’ll be part of a dynamic cluster of businesses supporting innovation and growth. Oakville’s life sciences companies include Wellspring Pharmaceutical Canada, Iovate Health Sciences, Takeda Canada, Excel Tech Ltd. and Benlan Inc. to name a few. Its location within the Greater Toronto Area makes Oakville part of an ethnically diverse population, essential to clinical trials research.
With supporting agencies, educational institutions and an active and involved economic development department, new life sciences businesses in Oakville have a support network that promotes success.
Government investments in research and development
In Canada, the life sciences industry receives a high level of government support and focus. Investments in research and development are also eligible for special tax credits. Also, both the Ontario and the federal governments are allotting millions of dollars for health research funding. A good portion of that funding is earmarked for partnerships with the private sector.
Your Economic Development team
Solutions and advice are what make the Town of Oakville’s Economic Development department the first place to go for business.
We’re waiting to hear from you. Contact our Economic Development team about establishing your life sciences company in the Town of Oakville.
Life Sciences Facts
Total sector employment in Oakville:
Businesses in Oakville:
Takeda Canada (220); Iovate Health Sciences (250), Wellspring Pharmaceutical (150); Benlan Inc. (200); Excel Tech Ltd. (140); Actavis Specialty Pharmaceuticals Co (100).
Medical device manufacturing, Pharmaceuticals & biotechnology, Medical diagnostics, imaging and simulation.