{"id":32789,"date":"2026-07-08T17:00:00","date_gmt":"2026-07-08T15:00:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=da4c4248a4660757f0c92548fa075756"},"modified":"2026-07-08T17:00:00","modified_gmt":"2026-07-08T15:00:00","slug":"u-of-t-mcmaster-announce-early-stage-life-sciences-venture-fund-with-genesys-capital","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=32789","title":{"rendered":"U of T, McMaster Announce Early-Stage Life Sciences Venture Fund With Genesys Capital"},"content":{"rendered":"

TORONTO--(BUSINESS WIRE)--In a move that will provide a major boost to life sciences startups in Ontario and the Canadian health economy overall, the University of Toronto, McMaster University and Venture Ontario announced they are joining with veteran investor Genesys Capital to create a new life sciences venture capital fund.<\/p><\/a><\/a>

\nThe Genesys University Seed Fund will be a vital source of early-stage capital for fledgling startups, helping to translate promising university-based commercial ideas into viable companies that address critical health challenges, improve patient care and create cutting-edge Canadian jobs. To date, the fund has received support from several backers including U of T, McMaster, the Temerty Group, Venture Ontario and RBC, and it has held a first close representing over $30 million of commitments.<\/p>

\n\u201cIf Canada is going to meet the moment in driving greater innovation, it is vital that Canadian discoveries don\u2019t stall at the lab door,\u201d remarked U of T President Melanie A. Woodin. \u201cCanada has no shortage of ideas or talent; what we lack is the capital to scale them. That\u2019s why the University of Toronto is proud to work with Genesys Capital on the creation of this exciting new catalyst for life sciences startups, which will enable promising research to grow into companies that improve care, create jobs and attract investment here at home.\u201d<\/p>

\n\u201cIt\u2019s a pivotal time for universities to contribute to Canada\u2019s prosperity,\u201d said McMaster President Susan Tighe. \u201cWith a strong foundation in bench-to-bedside research and deep collaborations across institutions, we are well positioned to translate discoveries into companies that improve health care and save lives. Building on the early success of the McMaster Seed Fund, this partnership with Genesys and other investors will help scale these efforts \u2014 fuelling a thriving life sciences cluster and driving economic growth across our region.\u201d<\/p>

\nWith nearly 76,000 skilled workers in more than 2,000 firms, Ontario enjoys one of the largest life sciences clusters in North America. However, it trails other jurisdictions \u2014 particularly in the United States \u2014 when it comes to access to early-stage investment capital. The result is that many of Canada\u2019s promising life sciences innovators are opting to relocate to places like Boston and Silicon Valley to get their companies off the ground.<\/p>

\nThe Genesys University Seed Fund addresses this critical gap. By providing early-stage life sciences companies with access to venture capital, U of T and McMaster are following similar models at American universities such as MIT, the University of Pennsylvania, the University of California, Berkeley and Harvard University. The result will be a higher number of university-affiliated life sciences startups choosing to stay and grow in Ontario, bringing innovations to benefit patients and spur economic growth.<\/p>

\n\u201cOntario is home to one of the most dynamic life sciences ecosystems in North America, and access to early-stage capital is essential to maintaining this advantage,\u201d said Vic Fedeli, Ontario minister of economic development, job creation and trade. \u201cThrough Venture Ontario, our government is proud to support an initiative that will bridge the gap from breakthroughs to commercialization by bringing together leading investors and research institutions. By helping more life sciences companies start, scale and succeed in Ontario, we are unlocking the full power of our economy and safeguarding the long-term competitiveness of this critical sector.\u201d<\/p>

\nThe seed fund will have a positive long-term impact across the province by enabling Ontario to attract and retain more life sciences talent as well as generate additional investment to grow the sector \u2014 a key part of Venture Ontario\u2019s mandate.<\/p>

\n\u201cVenture Ontario is proud to help anchor this early-stage life sciences fund, bridging the gap between world-class university research and the development of life sciences treatments, therapies and devices,\u201d added Steve Romanyshyn, president and CEO of Venture Ontario.<\/b> \u201cBy backing local talent with vital capital, we are driving both societal benefits and strong economic returns. This initiative signals to domestic and global investors that Ontario and Canada are premier destinations for high-impact innovation.\"<\/p>

\nThe fund will be overseen and managed by Genesys Capital, one of Canada\u2019s leading life sciences venture capital firms, with more than $400 million invested over the past 25 years. Genesys Capital is an active partner in biotechnology, pharmaceuticals and medical technology startups, with 20 exits representing billions in value as a founding investor.<\/p>

\n\u201cAccess to capital is the lifeblood of any healthy economy, especially in a high-tech area like the life sciences,\u201d said Kelly Holman, co-founder and managing director of Genesys Capital. \u201cGenesys Capital has been proud to support many cutting-edge health startups including companies coming out of U of T and McMaster. This early-stage venture fund will elevate this work to exciting new heights.\u201d<\/p>

\nThe fund will also build momentum from its success. As limited partners, the University of Toronto and McMaster University will direct returns on their investments to support further research and innovation at the two universities. In turn, this will spur even more startup activity in a positive cycle.<\/p>

\n\u201cResearchers at Ontario\u2019s world-class universities are renowned for producing some of the world\u2019s brightest life sciences discoveries that save and improve lives,\u201d said Nolan Quinn, Ontario minister of colleges, universities, research excellence and security. \u201cThe Genesys University Seed Fund will ensure that the life sciences startups emerging from Ontario\u2019s universities have the resources they need to turn their ideas into solutions that create jobs, drive our economy and further cement our province as a global leader in innovation.\u201d<\/p>

\nThe University of Toronto and McMaster University share a strong entrepreneurial and health sciences track record spurring cutting-edge startups such as Fusion Pharmaceuticals, Deep Genomics, AmacaThera, NodeAI, Profound Medical, Biossil, Kapoose Creek, AtomVie and many others.<\/p>

\nU of T has, over the past five years, created more than 1,500 venture-backed startups that have raised over $14 billion and created over 20,000 jobs. With 13 accelerator hubs across three campuses, the university is top five in the world for university business incubators and 10th <\/sup>worldwide for universities powering global innovation. The university is particularly active in life sciences startups \u2014 the Health Innovation Hub (H2i) includes more than 340 active ventures.<\/p>

\nMcMaster is globally recognized for translating research into real-world impact, having supported nearly 400 startups, including Fusion Pharmaceuticals, acquired by AstraZeneca in 2024 for $2B USD\u2014one of the largest university-linked exits in Canadian history and a catalyst for the growth of a regional radiopharmaceutical cluster. Driven by world-class research, a distinctive problem-based learning culture, and deep integration with hospital partners\u2014Hamilton Health Sciences and St. Joseph\u2019s Healthcare\u2014McMaster students, researchers, and faculty work closely with clinicians to accelerate the path from discovery to impact.<\/p>

\nThe Genesys seed fund will further underline Ontario as a major destination for life sciences commercialization and is currently accepting additional investment from private and public sector investors to increase the fund size up to $40 million.<\/p>

\nTo learn more about how to get involved as a partner\/investor in the Genesys University Seed Fund, please contact info@genesyscapital.com<\/a>.<\/p> Contacts<\/b>

\nUniversity of Toronto contact:\nMedia Relations\nmedia.relations@utoronto.ca<\/a>+1 416 978 0100\n\nMcMaster University contact:\nAndrew Lawson, Manager, Media Relations\nmediarelations@mcmaster.ca<\/a>+1 905 525 9140 Ext. 24073\n\nGenesys Capital\nJennifer Williams, Partner and CFO\nInfo@genesyscapital.com<\/a>+1 416-598-4900<\/p>","protected":false},"excerpt":{"rendered":"

TORONTO–(BUSINESS WIRE)–In a move that will provide a major boost to life sciences startups in Ontario and the Canadian health economy overall, the University of Toronto, McMaster University and Venture Ontario announced they are joining with veteran…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-32789","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/32789","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32789"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/32789\/revisions"}],"predecessor-version":[{"id":32790,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/32789\/revisions\/32790"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}