ONTARIO – The Ontario government is quickly moving forward with innovative research to prevent, detect and treat COVID-19. These projects, part of the government’s $20 million Ontario COVID-19 Rapid Research Fund, focus on areas of research such as vaccine development, diagnostics, drug trials and development, and social sciences. Additionally, Ontario is leading the country with 22 clinical trials investigating COVID-19 vaccines and treatments.
Today’s announcement was made by Premier Doug Ford, Christine Elliott, Deputy Premier and Minister of Health, and Ross Romano, Minister of Colleges and Universities.
“Ontario is leading the nation in the battle to defeat this deadly virus. We have some of the most incredible researchers and innovators anywhere in the world right here in our province,” said Premier Ford. “There’s no reason why a new rapid testing method, vaccine or treatment can’t be found right here in Ontario. Our government is investing in some very promising research proposals, which have the potential to save lives and help us get back to a way of life that is as close to normal as possible.”
The Ontario government is funding 15 high-quality and promising proposals that were submitted in response to a recent call for proposals for the Ontario COVID-19 Rapid Research Fund. Announced only four weeks ago, the $20 million fund was created as an immediate response to engaging the research community on ways to fight COVID-19. Where relevant, a portion of these funds will be used to cover costs associated with licensing and commercialization, including patenting, of the valuable intellectual property generated by successful projects to ensure any economic outcomes from these proposals benefit Ontario’s economy, workers and researchers.
“Researchers in Ontario represent some of the best and brightest in the country and we are tapping into their expertise to find Ontario-based solutions to treat the infection and stop the spread of the virus,” said Minister Romano. “Our government is encouraged by the ideas and solutions researchers have put forward to-date. These projects will support Ontario’s response to the COVID-19 outbreak and help us make smart and effective decisions as we look ahead to the future.”
Many of Ontario’s research hospitals, universities, colleges and research institutes are leading Canada with their ground-breaking COVID-19 research projects. Eleven of the 22 clinical trials that are being led by these institutions have already secured the necessary approvals by Health Canada to advance potential vaccines and therapeutics. Ontario also has the largest share of the total 25 clinical trials approved by Health Canada in the country.
“Research will not only play an important role in the fight against COVID-19, but it will also drive innovation and our economic recovery as we restart the province,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade. “This $20 million investment in our research sector will mean more made-in-Ontario solutions as we continue to fight this virus and move into the next phase of our recovery.”
“Ontario’s research will expand the global understanding of COVID-19 and further the capacity in the health care, artificial intelligence, and supply chain sectors to assist frontline workers today and in the future,” said MPP Jim McDonell.
“Research to prevent, detect and treat COVID-19 is a key component in our fight against the virus,” said Minister Elliott. “These projects and clinical trials will contribute to both our local and global efforts to understand how COVID-19 is evolving and inform health system planning and the careful and gradual reopening of the provincial economy.”