Discover why Nova Scotia is the ideal destination for life sciences companies
Tuesday, August 20, 2024
Welcome to Nova Scotia, where the Atlantic Ocean meets innovative minds and a rich cultural heritage intertwines with leading research. While the province is known for its stunning coastal landscapes and delicious seafood, it's rapidly becoming a location where global life sciences businesses choose to expand.
Considering your next business move? Here's why you should expand your life sciences business in Nova Scotia.
A Thriving Life Sciences Ecosystem Nova Scotia boasts a vibrant life sciences ecosystem with leading companies and research institutions dedicated to the fields of biotechnology, pharmaceuticals, medical devices, biomanufacturing and digital health. With a strong network of academic and industry partnerships, the province provides an environment where companies can conduct clinical trials and collaborate with organizations like Life Sciences Nova Scotia, the Nova Scotia Health Innovation Hub and Nova Scotia Health Authority.
World-Class Research Institutions Home to prestigious education institutions such as Dalhousie University, St. Francis Xavier University, and the Nova Scotia Community College, Nova Scotia is a hub for cutting-edge research. Dalhousie University, in particular, is renowned for its medical, health, and life sciences research, offering a steady stream of talented graduates ready to contribute to the industry.
Nova Scotia is home to the Canadian Centre for Vaccinology (CCFV), an integrated, interdisciplinary research team bringing together investigators from diverse disciplines to focus on vaccine discovery and evaluation. The Centre's facilities include a first-of-kind in Canada clinical research unit, less than a dozen of which exist worldwide, putting CCfV at the forefront of global vaccine research.
Supportive Government and Incentives The provincial government of Nova Scotia is supportive of the life sciences sector, offering various incentives and funding programs to attract and nurture businesses. Initiatives like the Capital Investment Tax Credit and Payroll Rebate provide financial support to foster innovation, talent and commercialization in the field of life sciences.
Strategic Location and Accessibility Located on the eastern seaboard of Canada, Nova Scotia is strategically positioned for easy access to major markets in North America and Europe. Halifax, the capital city, is home to the region's largest port and an international airport, ensuring efficient logistics and transportation for your business. Nova Scotia’s time zone also uniquely shares an overlapping workday with Europe and the United States.
Quality of Life Nova Scotia is not just a great place to work, it's a fantastic place to live. With its breathtaking natural beauty, competitive cost of living, and a welcoming community, Nova Scotia offers a high quality of life. Imagine taking a stroll along the coastline after a productive day at work or exploring historic sites and vibrant cultural festivals on the weekends.
Commitment to Sustainability Nova Scotia is committed to sustainability and environmental stewardship, making it an ideal location for life sciences companies dedicated to adopting green and sustainable practices. The province's dedication to reducing its carbon footprint and promoting clean technologies aligns well with the values of forward-thinking businesses.
Success Stories Nova Scotia has a track record of successful life sciences companies that have made significant strides in the industry. Companies like BIOVECTRA and ABK Biomedical Inc. are just a couple of examples in the province's thriving life sciences sector.
Nova Scotia offers an unbeatable combination of a supportive ecosystem, world-class research institutions, strategic location, and an enviable quality of life. By expanding your life sciences business to Nova Scotia, you'll not only benefit from these advantages but also become part of a dynamic and innovative community poised for growth and success. So, pack your bags and get ready explore your next location – where your life sciences company is a natural fit.
Get in touch with our team to organize your customized site tour - where in just one visit we can connect you with everyone you need to meet to make an informed decision.