NEW YORK (GenomeWeb News) – Genome British Columbia will receive C$25 million ($25.5 million) from the province of British Columbia to fund its ongoing research programs, including studies in areas such as agriculture, forestry, human health, fisheries, bioenergy, mining, and the environment, it announced on Monday.
This funding from the Ministry of Health, will allow Genome BC to continue harnessing the power of genomics research and work toward providing solutions to current challenges faced by sectors important to B.C.
Supported by BC's Ministry of Health, the new funding will support research areas in which Genome BC already has funded ongoing projects and will allow Genome BC " to continue harnessing the power of genomics research and work toward providing solutions to current challenges faced by sectors important to" British Columbia, Genome BC said in a statement
The Ministry of Health said that Genome BC's research efforts have already returned value back to the province, stating, for example, that the honeybee industry and honeybee pollination together are worth an estimated C$200 million.
According to a Vancouver Board of Trade study, the province's investment of C$75 million between 2005 and 2010 contributed $450 million to British Columbia's gross domestic product and to contribute C$54 million in tax revenues to each of the provincial and federal governments.
“Innovation is one of the keys to ensuring an efficient healthcare system," British Columbia's Minister of Health Michael de Jong said in a statement. "With this funding, important research will be able to continue that will help deliver quality services to improve the health of British Columbian families.”