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Opinion

Is Ontario open for health care business?

The Doug Ford government has cut funding to innovative companies that and agencies that create jobs in Ontario.

2 min read
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Bernard Thebaud is researching how stem cells can be used to treat lung injuries in extremely premature infants. His research was supported by the Ontario Institute for Regenerative Medicine, which recently announced that the Ontario Government was not renewing its funding after its contract ends next year.


The government of Ontario is spending over $60 billion on health care this year. You would expect a fiscally responsible government that brands itself as “Open for Business” would want to see potential economic return for that expenditure. In particular, you might think the government would exploit areas where Ontario has a competitive advantage for innovation and commercial benefit.

Ontario has a competitive “edge” in developing two fields that are achieving the trifecta of improving health, reducing health care costs and achieving commercial opportunity. Surprisingly, the government is reducing its commitment to these potential opportunities rather than supporting made in Ontario cures and economic growth.

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