Biosciences could be new driver of the economy

Adam Bowie, the Daily Gleaner Jenny Keleher October 4, 2016

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From research labs to corporate boardrooms, from fish processing plants to misty chopdowns, New Brunswick’s bioscience community represents an important economic opportunity for the province, according to the executive director of BioNB.

And with the province’s craft beer and cider industries growing at a remarkable clip, that’s a sector that’s growing increasingly thirsty for investment, she said.




Meaghan Seagrave said BioNB has been tracking a surge in the biosciences field in recent years, with some of the challenges facing traditional industries like forestry management and fisheries forcing companies to change their tactics, often by adding value to their products in order to reach the global marketplace.

“As a result, we’ve been focusing on more business development activities to support those startups.

As they mature in to small and medium enterprises that has significantly changed the sector in terms of the number of new companies,” she said.

Since 2012, the province has welcomed close to 40 new biosciences companies. “These are players with our natural resources.



“They’re employers that have average starting salaries in the $50,000 range, going up significantly from there,” she said.

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