Ontario investing $2.5M in Siemens Healthineers to support domestic medical technology manufacturing

To scale up their production capacity, Siemens Healthineers is investing over $20 million into their Ottawa facilities to increase their manufacturing output. The Ontario Together Fund also announced that they will be investing an additional $50 million in 2021-22 for local businesses to strengthen their domestic supply chain capacity. The renewed Ontario Together Fund will focus on supporting homegrown manufacturing and innovation to combat COVID-19 and provide other goods critical to the health, safety, and security of Ontarians beyond this pandemic under the following strategic pillars: “The renewed Ontario Together Fund will continue to strengthen our domestic manufacturing sector, support local innovators and boost our world-class MedTech ecosystem,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade. “Companies like Siemens Healthineers and their epoc Blood Analysis System are a perfect example of projects that can transform our ability to respond to a crisis and enhance our resilience while strengthening our health care system.” Siemens Healthineers is a life sciences company involved in diagnostic imaging and healthcare services. “We are very grateful to have received the Ontario Together Fund for our Point of Care business in Ottawa,” said Mathias Ganzmann, Vice President, Site Operations, Siemens Healthineers.