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adMare Bioinnovations helped create 39 life sciences companies with $92 million in federal funding

Mark Lowey
February 18, 2026

The federal government's $92-million investment in adMare Bioinnovations' spurred the creation of 39 Canadian life sciences companies, says adMare CEO Gordon McCauley. These companies have generated $2.5 billion in risk capital and 1,000 jobs, addressing a critical gap in early-stage funding for the life sciences and keeping more value from Canadian research within the country, he says.

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Organizations:	AbCellera, adMare BioInnovations, Business Development Bank of Canada, Canadian Alliance for Skills and Training in Life Sciences, GSK, Novo Nordisk, QLT Inc., Queens University, Royal Bank, and Xenon Pharmaceuticals
People:	Carl Hansen, Gordon McCauley, Ian Mortimer Hudson, Julia Levy, Martin Petkovich, and Tamara Muhammad
Topics:	Commercialization, companies, early-stage, funding, investment, life sciences, pharmaceuticals, R&D, talent, and Venture Capital

adMare Bioinnovations helped create 39 life sciences companies with $92 million in federal funding

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adMare Bioinnovations helped create 39 life sciences companies with $92 million in federal funding

Events For Leaders in Science, Tech, Innovation, and Policy

Discuss and learn from those in the know at our virtual and in-person events.

Events For Leaders in
Science, Tech, Innovation, and Policy