Congratulations to the PEI BioAlliance

MRSB Consulting Services would like to extend its congratulations to the PEI BioAlliance, which recently announced it will receive up to $3.8 million in funding from the federal goverment to support bioscience-based companies in Prince Edward Island.

The BioAlliance is one of only 15 organizations selected across Canada for funding through the new Canadian Accelerator and Incubator Program (CAIP) that hopes to accelerate business development. This sector has seen phenomenal growth on PEI in recent years with 40 companies, 1,200 jobs and a goal to attract 30 to 40 new companies to the province in the next five years.

"We think our track record established by the strong growth of bioscience companies and partnerships among our businesses, research and government agencies has served us well in this competition and will contionue to do so throughout the life of this project and beyond," said PEI BioAlliance Executive Director Rory Francis.

Here are some photos - courtesy of the PEI BioAlliance - taken during their funding announcement in Charlottetown. 

A crowd gathers to celebrate the PEI BioAlliance's recent news

Federal Fisheries Minister Gail Shea

Innovation Minister Allen Roach

  

PEI BioAlliance Executive Director Rory Francis addressing the crowd

We are sure that this new funding will lead to exciting and innovative developments for the biosciences sector and for the Prince Edward Island economy.