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Genome British Columbia Nabs C$78M From Canadian Provincial Government

NEW YORK – Genome British Columbia said last week that the Canadian provincial government will provide it with C$78 million (US$61.4 million) in funding for genomics research in various areas under its 2022 budget.

The funding "will enable Genome BC to continue to invest strategically and solidify BC's academic and business competitiveness in genomics and life sciences," Pascal Spothelfer, president and CEO of Genome BC, said in a statement.

Founded in 2000, Genome BC had generated more than C$1.1 billion of investment in more than 425 genomics research projects as of 2020.

In late 2020, for example, Genome BC said it would provide approximately C$250,000 to fund the development of a reference DNA library for all known freshwater fish species in British Columbia.

Earlier that year, Genome BC announced C$10 million in funding for a research project to study the effectiveness of genomics in healthcare.