Positioning Canada to be a global leader in health/bio-sciences innovation through long-term sustainable growth driven by the collaboration of health/bio-sciences companies and partners.
Karimah Es Sabar, Quark Venture
- Armen Bakirtzian, Intellijoint Surgical Inc.
- Norma K. Biln, Augurex Life Sciences Corp.
- Josh Blair, Telus Health
- Jennifer Chan, Merck Canada
- Ed Dybka, QIV Capital (formerly with AstraZeneca Canada)
- Neil Fraser, Medtronic Canada
- Chris Gardner, SequenceBio
- Niels Erik Hansen, ARxIUM
- Huda Idrees, Dot Health
- Martin LeBlanc, Caprion Biosciences Inc.
- Rick Makos, PHEMI Systems
- Andrea Palmer, Awake Labs
- Cameron Piron, Synaptive Medical
- Oliver Technow, BioVectra
- Peter W. Vaughan, Canada Health Infoway
- Simon Kennedy, Health Canada
- David McGovern, Innovation, Science and Economic Development Canada
November 9, 2017 Location: Vancouver, British Columbia
On November 9, 2017, the Health and Biosciences Table held its first meeting in Vancouver, British Columbia. The members are committed to this important venture and see this as a unique opportunity, as industry leaders, to define what an innovation economy will look like in the sector over a long-term horizon.
What we talked about
- The discussion focused on how the health and biosciences sector can be an economic powerhouse, drive innovation, and support the health of Canadians.
- Members spoke to why they agreed to join the Table, with the intersection of economic growth and better health outcomes for Canadians emerging as a common thread.
- "My hope would be for the public health care system and life science sector to be more productive so Canada can grow and be a recognized leader."
- "We need to change the health care economic system, but also to recognize we have fundamental strength in this country."
- "We are at a pivotal point and need to see how Canada can become a powerhouse of innovation, in bringing better products to the market."
- There was a rich discussion around the Table's vision for the sector. It included support to look at the whole health ecosystem, to generate efficiencies and better patient outcomes, and to seek opportunities where innovative Canadian firms can lead globally.
- Several key challenges and opportunities also emerged:
- Innovative Procurement, Adoption and Commercialization—Canadian health innovations face challenges entering our domestic market. In Canada, government is a main customer for health care, so procurement could be leveraged as a tool to stimulate innovation.
- Digitization and Emerging Technologies—Canada is not leading the pack in digital health adoption, but there is significant potential grow by building on our strengths.
- Access to Capital and Firm Growth—Many Canadian firms prematurely exit the market rather than growing to scale; what is needed to increase access to capital?
- Skills and Talent—Specific skills shortages hinder the sector's competitiveness. Also, senior executives do not represent Canada's population diversity.
What we'll do next
- Task forces will undertake further work on the key themes in order to have focused discussions at subsequent meetings.
We are at a pivotal point and need to see how Canada can become a powerhouse of innovation, in bringing better products to the market.
December 15, 2017 Location: Ottawa, Ontario
On December 15, 2017, the Health and Biosciences Table held its second meeting in Ottawa, Ontario. Members gathered to further define the Table’s vision and discuss the way forward on key themes identified at the first meeting, with innovative procurement, adoption and commercialization as a focal point.
What we talked about
- Table members coalesced around a vision statement that positions Canada as ‘an innovation leader and global hub for health and biosciences’ by 2025. A refined vision statement will be agreed upon mid-January.
- A discussion of potential growth targets and metrics focused on employment, firm growth, and capital and R&D investments.
- The theme of innovative procurement, adoption and commercialization was a focal point of the meeting. Presentations were given on:
- Innovative Solutions Canada (ISC) – a new program dedicated to supporting the scale up and growth of Canada’s innovators and entrepreneurs, which was welcomed by Table members;
- Overview of IP in Canada;
- IP Awareness and Education Program – an awareness and educational program by the Canadian Intellectual Property Office; and
- Innovative Procurement Best Practices – findings from the Conference Board of Canada.
- Task Forces gave an update on the topics they are exploring:
- The Task Force on Innovative Procurement, Adoption and Commercialization is focusing on challenges faced in different product lifecycles in the Canadian context and examining international best practices to inform recommendations.
- The Digitization and Emerging Technology Task Force is exploring platform information systems of complete patient and citizen health care information, and the potential that could be unlocked by new technologies such as Quantum Computing, Blockchain, and Artificial Intelligence.
- The Access to Capital and Firm Growth Task Force is examining how to create more favourable conditions to enable the development and growth of Canadian life sciences companies, and how to address current gaps in access to capital.
- The Skills and Talent Task Force is considering skills needs across the bio-economy now and into the future, including entrepreneurship training to develop leaders.
What we'll do next
- Task Forces will dive deeper into how other countries and companies have addressed issues relating to the key themes. This will move the Table towards potential proposals at the next meeting.
Canada – an innovation leader and global hub for health and biosciences by 2025.
January 16, 2018 Location: Teleconference
On January 16, 2018, the Health and Biosciences Economic Strategy Table held a teleconference. Over the course of the conversation, members further refined the Table’s vision and targets, and Task Forces provided a progress report on their work.
What we talked about
- Table members discussed the vision and the appropriate level of ambition for targets. They will further discuss and develop these items at the next Table meeting in February.
- Task Force leads provided progress reports, and discussed some of their ideas for next steps in advancing their work:
- The Task Force on Innovative Procurement, Adoption and Commercialization will meet for a full day working session to review of international, national and provincial best practices, seek advice from subject experts, and develop proposals for consideration by the Table.
- The Digitization and Emerging Technologies Task Force will further discuss platform technologies, and potential projects to demonstrate the potential of linking health data to positively impact economic and health outcomes.
- The Access to Capital and Firm Growth Task Force is focused on how to attract large institutional funds, and how best to build an environment conducive to capturing more venture capital, and supporting firm growth in Canada.
- The Skills and Talent Task Force will continue to focus on addressing skills and gender parity gaps, access to data to measure progress, while focusing its three priorities:
- Defining the skills needs across the bio-economy now and into the future;
- Determining how best to work with universities to ensure that the right skills are trained into graduates for the bio-economy; and 3) to attract, grow and retain homegrown and international talent.
What we'll do next
- Task Forces will continue their work with the goal of developing a list of potential recommendations to discuss at the next meeting.
I would like our vision to aim high and see Canada achieve something great.
February 15, 2018 Location: Toronto
On February 15, 2018, the Health and Biosciences Economic Strategy Table held its third in-person meeting in Toronto, Ontario. Members heard from Ontario’s Chief Health Innovation Strategist, discussed proposals centred on the four established key themes, and refined the vision.
What we talked about
- Table members heard from Bill Charnetski, Chief Health Innovation Strategist, Ontario’s Ministry of Health and Long Term Care. Bill highlighted the importance of healthcare system innovation to meet the needs of Canadians and the use of patient outcome-based measurement frameworks to accelerate the adoption of innovations. Bill also spoke about barriers to innovation such as risk-averse cultures and complex data privacy structures.
- Task Force leads presented their proposals on the four established key themes:
- Innovative Procurement, Adoption and Commercialization Task Force looked at proposals that build and support an ecosystem that enables innovative procurement, adoption and commercialization while improving patient health outcomes, increasing innovation and economic development/growth, creating new investments in health technologies and applications, and promoting faster innovation, adoption and diffusion. Discussion included a value-based health system approach; creating a federal health innovation agency with joint health and economic development mandates; expanded role for the Pan Canadian Health Organizations to support innovation; patients’ access to their digital health records; national standardized and integrated patient and cost outcomes data; and regulatory agility.
- Digitization and Emerging Technologies Task Force proposals concentrated on a complete patient health care information system, and a privacy and data governance framework. The outcome of a national health care information system could facilitate a more effective and efficient heath care system, including improved patient-oriented care, reduced costs and research opportunities that will generate economic value. A supporting privacy and data governance framework could align jurisdictional privacy and security regimes, easing the navigation of regulatory requirements to allow access to, and optimal use of data.
- Skills and Talent Task Force proposals centred on the need for increased academic-industry collaboration on skills development, internships and work-integrated learning, and talent training/attraction and retention. The desired outcome is access to various skills along the SME life-cycle, skills and talent match between graduates and industry and sustained world-class talent.
- Access to Capital and Firm Growth Task Force proposals examined Canadian institutional and pension fund investments, and explored how existing programs can be modified or leveraged. Proposals are being refined to enable the following outcomes: access to capital at all stages of development, creation and scale of Canadian-based life sciences companies, support for Canadian anchor companies, increased domestic and foreign investments, and simplified process to listing on exchange markets.
- Members continued to refine the vision statement, positioning Canada to be a global hub for health and biosciences, by leveraging and advancing innovative technologies, attracting and retaining capital, skills and talent, and ensuring a vibrant ecosystem that will unleash the full potential of the sector and lead to improved health outcomes.
What we'll do next
- Task Forces will continue to refine their proposals through March for further discussion at the next Table meeting on April 16, 2018.
To be a world leader, we must leap frog to reach our long-term goals.
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