Fanshawe College is a step closer to becoming a leader in biotechnology innovation thanks to a multi-million dollar investment.
The federal and provincial governments announced on Friday a combined $6.2-million towards the college's new $9-million Centre for Advanced Research and Innovation in Biotechnology.
The feds will kick in $4-million, while the province has handed over $2.2-million for the project.
"Fanshawe has made a commitment to educate, engage, empower and excite, and the Centre for Advanced Research and Innovation in Biotechnology will do just that," says London North Centre MP Peter Fragiskatos. "These investments, which are taking place across Canada, will create good, well-paying jobs that can help the middle class grow and prosper today, while also delivering sustained economic growth for years to come."
The investment will allow the college to build state-of-the-art labs where students, professors, and researchers will work in close proximity with partners to turn discoveries into products or services.
"Fanshawe's new Centre for Advanced Research and Innovation in Biotechnology will allow the college to prepare graduates for relevant and rewarding careers in biotechnology," says College President Peter Devlin. "The centre will also have modern lab space for our senior students to work on projects in an independent environment."
The college is putting up the remaining $2.8-million needed to bring the centre to fruition.
Construction of the new facility is already underway.
