Biotech Firm to Create 675 New Jobs in Canada by 2022

The British Columbian and Canadian governments are assisting with $45 million to help build a facility which will create hundreds of positions in the biotechnology sector. The contribution along with $48 million from public funds, will allow for Stemcell Technologies to construct a building in Burnaby. If you are seeking a job in biotechnology, consider relocating to British Columbia. Canadian Visa Expert will answer your immigration questions. The founder and CEO of Stemcell Technologies, Dr. Allen Eaves, reported that the funding will help the company to produce substances necessary for clinical trials in gene therapy, tissue engineering, and regenerative medicine. He spoke to reporters and said, “We’ve had to contract out to the United States to make these reagents because we don’t have the facilities here.” He mentioned that the new facility will help to bring the jobs back to Canada.

The new facility will be built over the next five years, bringing 675 new positions to B.C. by 2022, and close to 2,170 by 2031, according to the Canadian federal government. The remaining $93 million needed to complete the project will be provided by Stemcell. The company currently employs about 875 people who reside in the Vancouver region. Stemcell develops technologies to support cell growth, using it for growing human organs to cancer research. There are many benefits to anyone living in Canada. They have a great healthcare system, there are numerous job opportunities due to an ongoing worker shortage and an aging workforce, and they are committed to bringing families together by allowing immigrants to sponsor relatives to also relocate to Canada. With a five-phase process to simplify the Canadian Worker Visa process, Canadian Visa Expert has a team of qualified professionals to assist you.