Province announces new investment in biotechnology sector
Posted Aug 15, 2026 11:44:17 AM.
Last Updated Aug 17, 2026 11:43:42 AM.
Nova Scotia is investing in the Verschuren Centre, helping create jobs and a new training program in an effort to support the biotechnology sector.
The investment will help improve the centre’s specialized precision fermentation technology at its facility in the Sydport Industrial Park in Cape Breton Regional Municipality.
“An investment in the Verschuren Centre is an investment in growth and development across sectors and across the province,” said Premier Tim Houston. “Their work supports dozens of companies in important fields like health and wellness, agriculture and clean technology. We know this money will have a far-reaching impact, and I’m thrilled about the opportunities it will create.”
This will also position Nova Scotia as a leader in the biomanufacturing sector and allow the centre to support an additional 10 companies per year and create about 100 new highly skilled jobs.
The centre will receive $600,000 through the Province’s Community Economic Development Fund and another $600,000 from the Atlantic Canada Opportunities Agency (ACOA). The Community Economic Development Fund helps sectors and communities increase economic competitiveness and productivity
The province contributed $2.5 million toward the development of the Verschuren Centre demonstration plant in 2022 and $1 million toward increasing capacity and training in 2025
