In September 2013 McMaster University and Fraunhofer IZI signed a Memorandum of Agreement, marking an important phase in their ongoing collaborative research partnership.
The signing was a critical step in the long-term plan to create a Fraunhofer Project Centre, headquartered in Hamilton.
In the photo, from left to right: Stephen Collins, associate dean of research in McMaster’s Faculty of Health Sciences, Patrick Deane, McMaster’s president & vice-chancellor, Frank Emmrich, director of the Fraunhofer IZI, and Mo Elbestawi, McMaster’s vice-president of research & international affairs, are all smiles as they sign an agreement which will see the two institutions collaborate on a number of research projects.
On April 14, 2014 Ontario's Minister of Economic Development, Trade and Employment, Dr. Eric Hoskins, announced that the Ontario government will contribute $4M toward the Fraunhofer Project Centre for Biomedical Engineering and Advanced Manufacturing (BEAM).
In the photo from l to r: Mo Elbestawi, VP Research & International Affairs; Deputy Mayor Rob Pasuta: Minister Ted McMeekin; Minister Eric Hoskins; President Patrick Deane, Christopher Oelkrug (Fraunhofer IZI)
Supporting Biomedical Innovation in Ontario
Province Helping To Advance Emerging Sector
Ontario is investing in the cell therapy and biomedical manufacturing industry to help create jobs, attract top talent and promote economic growth.
The province is contributing $4 million toward the McMaster-Fraunhofer Project Centre for Biomedical Engineering and Advanced Manufacturing (BEAM) in Hamilton. The joint project is anticipated to create up to 100 jobs and attract top scientists and industry researchers from around the world. It will also help establish Hamilton as a hub for Ontario's life sciences sector.
Created by McMaster University and Germany's Fraunhofer Institute for Cell Therapy and Immunology, BEAM will develop innovative technologies to automate production for cell therapies, significantly lowering the cost to treat degenerative diseases like cancer.
Building our knowledge economy is part of the government's economic plan that is creating jobs for today and tomorrow. The comprehensive plan and its six priorities focus on Ontario's greatest strengths - its people and strategic partnerships.
- Since 2003, Ontario has invested more than $3.8 billion in research and innovation.
- Canada ranks sixth in the world in quality and impact of research and nearly half of all Canadian research is done in Ontario.
- Ontario businesses invest $6.8 billion in research and development each year.
- BEAM will be located at the McMaster Innovation Park.
- The cell therapies industry is estimated to generate annual revenues of $10 billion by 2021.