Innovative Symvivo Corporation to Receive Government of Canada Funding
British Columbia’s small and medium-sized enterprises are critical to their communities – they create jobs, drive economic growth, and develop products and services that help solve local and global challenges. The Government of Canada believes in these companies.
The Honourable Harjit S. Sajjan, Minister of International Development and Minister responsible for the Pacific Economic Development Agency of Canada (PacifiCan), announced over $11.1 million in funding for four innovative Burnaby companies in the life sciences, clean technology and digital technology sectors.
As one of the four businesses, Burnaby Board of Trade member Symvivo Corporation will receive $650,000 in Business Scale-up and Productivity (BSP) support. Symvivo is a clinical-stage biotechnology company that has developed a bacterial gene delivery platform that uses engineered live bacteria to deliver genetic material into disease sites.
With the BSP funding, the company will purchase and install new equipment, acquire laboratory materials and hire additional staff to expand in-house bio-manufacturing capacity at its current facility in Burnaby. This investment will boost revenue and create 20 new jobs.