Tuesday, May 28, 2024
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HomeBusinessEconomyOntario innovation takes centre stage during trade mission to US

Ontario innovation takes centre stage during trade mission to US

TORONTO, Canada – The Ontario government has concluded a successful trade mission to the United States to promote the province’s flourishing automotive, technology and life sciences sectors and attract new investment opportunities.

Two delegations of more than 29 Ontario companies, led by Vic Fedeli, minister of economic development, job creation and trade, represented the province at two of the world’s largest technology and innovation conferences – the Consumer Electronics Show and the JP Morgan Healthcare Conference and Biotech Showcase.

“Ontario is the second largest IT cluster in North America, making it a hub for global innovation,” said minister Fedeli. “We’re building a stronger Ontario and are proud to be leading major advancements across the technology, automotive and life sciences sectors. By connecting Ontario innovators with global leaders in these key sectors, we’re able to create new opportunities for families and businesses here in Ontario.”

For the first portion of the trade mission, 16 Ontario companies participated in the Consumer Electronics Show (January 5 – 8), one of the largest and most influential tech events in the world. Project Arrow, the first, all-Canadian, zero-emission connected vehicle – designed and built in Ontario – was unveiled at the show, demonstrating the province’s world-class automotive capabilities and innovation.

Building on the success at the Consumer Electronics Show, 13 Ontario companies participated in the Biotech Showcase (January 9 – 11) in San Francisco, the largest healthcare investment symposium in the industry. The delegation, which included companies in biotech research and development, pharmaceutical technology and medical technology, promoted the province’s growing life and health sciences sector to global industry leaders and innovators.

Additional highlights included meetings with Gatik AI, Magna International, Linamar Corporation, Valeo, Meta Materials, Blackberry, Resilience, Rivian and Uber. These meetings were opportunities to showcase the province as a global hub for innovation and an ideal place for companies to invest.

Ontario continues to adopt innovative and forward-thinking approaches to secure and grow the province’s competitive advantages. With a talented workforce, state-of-the-art research and development facilities, award-winning manufacturing and access to an abundance of critical materials, the province is a prime location for businesses to invest and grow.

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