Today, our government announced that we are investing nearly $860,000 in Coreprint Patterns through the Ontario Together Fund. The investment will help the family-owned-and-operated business manufacture critical components for COVID-19 polymerase chain reaction (PCR) tests for hospitals and labs across the province.
Currently, there are no made-in-Ontario sources for these important components, which are difficult to acquire due to high demand globally. Strengthening an Ontario supply chain will increase the availability and stability of these critical supplies. A reliable, local supply chain of these perishable components will reduce the need to stockpile items that expire.
Innovative projects like Coreprint Patterns is why Ontario has invested an additional $50 million in the renewed Ontario Together Fund in 2021–22. The Fund will continue to support local innovators and businesses to further enhance Ontario’s domestic supply chain capacity, promote Ontario’s MedTech ecosystem and build up our manufacturing sector to ensure the province is well-prepared for future challenges.
· Our government is investing an additional $50 million in the Ontario Together Fund in 2021–22. This will continue to support local businesses to further enhance domestic supply chain capacity, help to get us through this pandemic and ensure we are prepared for future challenges.
· The renewed Ontario Together Fund will focus on supporting homegrown manufacturing and innovation to combat COVID-19 and provide other goods critical to the health, safety, and security of Ontarians under the following strategic pillars:
• Strengthening Ontario’s domestic manufacturing capacity;
• Supporting homegrown technologies and innovative solutions;
• Strengthening Ontario’s MedTech ecosystem.
· Our government is investing nearly $860,000 in Coreprint Patterns through the Ontario Together Fund. The investment will help Coreprint Patterns manufacture critical components for COVID-19 polymerase chain reaction (PCR) tests for hospitals and labs across Ontario.
· Coreprint Patterns’ manufacturing of vital and in-demand components for COVID-19 testing is an example of Ontario innovation at its very best. Ontario manufacturers continue to enhance our resilience to any challenge while strengthening our health care system and the economy.
· As we continue to ramp up vaccinations, it is more important than ever to ensure we are well prepared for any future challenges. Our government continues to support projects that will
help us through this pandemic and put us on the path to economic recovery.