According to proprietary data released by the Canadian Venture Capital & Private Equity Association (CVCA), between 2013 and the first half of 2016, Québec attracted the largest amount of venture capital investments in life sciences in Canada, with a record $565 million invested over 77 deals in the sector. As shown in the chart above, Ontario raised $561 million in 111 deals, whereas British Columbia saw $487 million invested in 44 deals over the same period.
Québec and Greater Montréal in particular are leading life sciences and health technology (LSHT) hubs. With over 600 organizations operating in the sector, including 150 public and academic research institutes, Greater Montréal ranks 7th among the 20 largest metro areas in Canada and the U.S. for concentration of LSHT jobs.
Venture capital investments in Québec, all sectors combined, saw a 106% jump in 2014–2015, with $693 million invested in 2015 and 32% of that amount going to life sciences. If CVCA’s most recent numbers are any indication, venture capital investments in this high-tech field are poised for another big year in 2016.