Joint GBVOT and B.C. Life Sciences Update 2021: Building on a foundation of innovation
VANCOUVER, B.C. —“A new report developed jointly by LSBC and the Greater Vancouver Board of Trade is highlighting six recommendations intended to cement the future of the life sciences sector in B.C., including the implementation of competitive tax policies to keep the intellectual property in B.C. and Canada.
Life sciences was already one of the fastest-growing sectors of the provincial economy prior to the COVID-19 pandemic, with over 2,000 companies employing approximately 17,000 people in 2018. In response to the pandemic, companies operating in the lower mainland garnered international attention by pioneering technologies and treatments that have achieved global adoption. In 2020, the B.C. life sciences sector raised a record-breaking $2.0B of market capital.
To read our official publication click HERE