The life sciences industry includes a whole range of areas including, pharmaceuticals, biotechnology, medical devices, biomedical technologies, nutrition and most recently digital health. The industry is one of the biggest in the world, and has increasingly become the focus of investors in recent years.
According to CVCA (Canadian Venture Capital Association:
1. Canadian venture capital will continue to focus on ICT going into the future. Along with TMT. These are the biggest areas of focus.
2. The second most prominent area of investment will continue to be life sciences
3. U.S. venture capital is increasingly looking to collaborate with the Canadian industry in order to get a better hold and understanding of the market.
4. The market is significantly smaller compared to the U.S. but a lot of opportunity is available as the startup scene in Canada continues to develop.