$2.4M funding to boost health research

Fredericton, NB – The New Brunswick government wants to encourage increased health research in the province, so is providing $2.4 million funding to help the province’s bioscience sector leverage and build new partnerships with federal granting councils, health charities and the pharmaceutical sector with a focus on patient-oriented research.

“Our government has grown its support for research and innovation to unprecedented levels in the last year,” said David Alward, the province’s premier. “We have done so because we understand that rebuilding New Brunswick and our future prosperity will be anchored in the growth of our knowledge economy and will be driven by innovation, creativity and entrepreneurship across all sectors of our economy.”

The funding is being provided through the  New Brunswick Health Research Foundation, with the Department of Economic Development contributing $2 million, and the Department of Health contributing $400,000.

The funding is expected to enable the foundation to partner with other groups and organizations, generating more than $5.5 million in health research this year.

“Our government is committed to doing its part to ensure the growth of the health research sector in our province,” said Alward. “We will continue to build on what many in the industry view as our competitive advantages – our small size combined with the high quality of the research being conducted in our jurisdiction.”