FedDev Ontario backs McMaster's BEAM facility

McMaster Univ's Fraunhofer Project Centre for Biomedical Engineering and Advanced Manufacturing (BEAM) has received a $12-million federal grant, matching $12 million in commitments from the Government of Ontario, City of Hamilton and McMaster. Other organizations and private sector partners have contributed $9 million, bringing the project's investment to $33 million. Slated to open in 2017, BEAM is a collaboration between McMaster and the Leipzig Germany-based Fraunhofer Institute for Cell Therapy and Immunology IZI. It will be located in a new state-of-the-art, 2,000-sq-m facility at McMaster Innovation Park, and will develop novel technologies for eye care, point-of-care medical devices and cancer treatments. BEAM will be led by four co-directors focused on the commercialization of new products and providing small businesses with access to facilities, expertise and global value chains. Federal funding is provided through the Federal Economic Development Agency for Southern Ontario….