Harper Government invests in the GTA's Advanced Manufacturing Sector, creating highly-skilled jobs
April 17, 2015 – Mississauga, Ontario – Federal Economic Development Agency for Southern Ontario (FedDev Ontario)
Today, FedDev Ontario Minister Gary Goodyear , along with MP for Mississauga—Streetsville Brad Butt and MP for Mississauga South Stella Ambler, announced an important investment that will accelerate the development and commercialization of new, first-in-Canada medical devices to be used by physicians during heart procedures.
Baylis Medical, a manufacturer and distributor of medical devices, will receive a $15.2 million repayable contribution under FedDev Ontario's Advanced Manufacturing Fund.
The Government of Canada's investment will allow Baylis to commercialize and manufacture three new medical device product lines and improve productivity for in-house manufacturing. This will enhance Baylis' global competitiveness and strengthen Ontario's medical device cluster.
This project will lead to the development of transformative products and first-in-Canada technologies to help Ontario manufacturers create high-quality, highly-skilled jobs and compete globally.
Erica Furtado
Director of Communications
Office of the Honourable Gary Goodyear
613-943-7599
Media Relations
FedDev Ontario
416-954-6652
FedDevMedia@FedDevOntario.gc.ca
Toll Free: 1-866-593-5505
Website: www.FedDevOntario.gc.ca
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