At the Epicenter of Canada’s Research Hub
What do Toronto and Ontario bring to innovation?
With over 60 hospitals, 1,200 life sciences firms and $8 billion in pharmaceutical revenues, Toronto is by far Canada’s largest research and education hub and one of the largest medical-hospital complexes in Canada and the United States.
The federal government invests more than $1.3 billion in research funding here each year, which represents 20 per cent of the government’s total investment.
This concentration helps to explain why Toronto hosts 79,000 science and technology workplaces and is home to more highly-cited scientists per capita than the United Kingdom, Israel, Germany or Japan.
For investors and new businesses, Toronto is one of the easiest places in the world to do business.
According to the World Economic Forum, Toronto is ranked Number 1 for the soundness of its banking system; according to the MasterCard Worldwide Center of Commerce Index, Toronto is ranked Number 3 in the top Cities in North America.