Stem cell research is an extremely hot topic at the moment; they have the potential to treat patients with all sorts of ailments, such as spinal cord injuries, diabetes, Alzheimer’s disease and arthritis. Recently, the Canadian government announced that they will grant a grand total of $12 million in government funding to subsidize the stem cell technology sector.
“For years, Canadian researchers have been leaders in regenerative medicine,” said The Honourable Kirsty Duncan, Minister of Science for the Government of Canada. “The funding announced today will support projects that encourage important partnerships between universities, hospitals and businesses so they may collaborate on bold, new stem cell technologies and health innovations that will improve the lives of Canadians. I am confident that, through the Stem Cell Network, Canadians are gaining a better understanding of this promising research, the results of which contribute to a strong and healthy population.”
“We are a nation of leaders and innovators; it is in our DNA,” said Dr. Michael Rudnicki, Scientific Director and CEO, Stem Cell Network. “The regenerative medicine research sector is fueled by stem cells and today it is at a tipping point, with the potential to see breakthroughs in our generation. I am thrilled that SCN is able to power the foundation of scientific excellence that exists within Canada’s universities, research hospitals and institutes.”
This funding will be used to support 31 projects and clinical trials being conducted across Canada. The $12 million will benefit 106 stem cell researchers and around 200 trainees that are involved in regenerative medicine studies.