Impact of Genome Atlantic
5 Years: 2018-2023
Every public sector
$1
invested yielded
$23 in applied R&D investment
$59 to GDP
Every dollar ACOA and the Atlantic provincial governments invested in Genome Atlantic's business development efforts yeilded $23 in applied R&D investment in Atlantic Canada and $58.72 in contributed GDP
60
R&D projects
Genome Atlantic supported the development and execution of 60 impact-driven genomics projects benefitting key industries in all four Atlantic provinces
60
R&D projects
$59.9M
in new R&D investment
The efforts of Genome Atlantic enabled $59.9 million in new impact-driven genomics R&D investment
$20.9M
contributed by industry partners
Industry partners have contributed $20.9 million to projects enabled by Genome Atlantic
$20.9M
contributed by industry partners
Funds attracted by and invested in Genome Atlantic have resulted in an estimated output of $178.7 million, an estimated contribution of $122.2 million to GDP, an estimated $8.9 million in provincial and federal tax revenues, and have supported an estimated 927 jobs.
$122.2M to GDP
$178.7M in outputs
$8.9M in tax revenues
927 jobs supported
Impact Assessment By:
The assessment was based on primary data from 29 one-on-one interviews with stakeholders and project team members from 10 of the 60 projects that occurred during the 2018 to 2023 period, and secondary data from Genome Atlantic for the same period.