FACIT and OBIO partner on women-focused seed capital and entrepreneurship program | PR Newswire [Video]

Synergies combine financing and entrepreneurial development resources to life sciences start-ups 

, /PRNewswire/ – On International Women’s Day, FACIT and OBIO® are pleased to announce a new partnership in the Ontario life sciences ecosystem, built on their common goal to drive entrepreneurial and commercialization mandates to address the unmet needs and barriers faced by female entrepreneurial leaders in STEM.

The partnership arises from OBIO’s and FACIT’s successes in creating value through supporting female entrepreneurs in life science who are driving the advancement of innovations and healthcare communities. Across all sectors, women-led companies face significant challenges when it comes to accessing financing and support systems, receiving only about 2% of venture capital funding. Further, only 16% of Canadian small-to-medium enterprises are majority-owned by women. 

Both organizations have established track records co-investing and working closely with different commercialization groups across Ontarioand beyond, striving to increase value for life sciences intellectual property and driving …