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OTTAWA, Ontario--(BUSINESS WIRE)--BioTalent Canada announced today preliminary findings from its most recent bio-economy Labour Market Information (LMI) study. The data in this new briefAmplifying Success: The value of a STEM education for the bio-economy was collected from a series of industry roundtable discussions, analysis of Statistics Canada data sources, and a systematic review of sector-based reports and articles. Employers have long identified a skills and knowledge gap in the bio-economy. The purpose of the completed LMI study is to help close that gap and provide stakeholders with a clear picture of trends shaping the biotechnology industry. The most important resource in any industrybiotech includedis talent, says Rob Henderson, President and CEO of BioTalent Canada. For our industry to continue to thrive and innovate, its paramount that we solve the current labour supply issues that industry experts identify as a major challenge. More students graduate from Canadian post-secondary institutions with bio-economy-related degrees than ever. Theyre also in higher demand from other industries than ever before. Because of this, the expert roundtables produced three key determinations. Were encouraged that the findings in this brief, specifically the piece about connecting graduates to industry, are consistent with Canadas Economic Strategy Tables talent-based recommendations, adds Henderson. And this is where the positive impact of work-integrated learning programslike those offered by BioTalent Canadacan really be felt. Wage subsidies like the Student Work Placement Program (SWPP) give employers an advantage in forming relationships with job-ready talent and offer another way for the Canadian biotech industry to grow on a global scale. BioTalent Canada will publish five more research briefs in advance of the full LMI release in 2021. The organization plans to produce 11 more in-depth reports next year, including nine new LMI studies, a hot jobs report, and a talent supply report. Any employers that wish to provide expertise in a future study should contact BioTalent Canada Project Manager Adriana Saenz. Funded by the Government of Canadas Sectoral Initiatives Program. About BioTalent Canada BioTalent Canada is the HR partner of and catalyst for growth in Canadas bio-economy. Our engagement with employers, associations, post-secondary institutions, immigrant serving agencies and service providers has built a dynamic network that is strengthening skills, connecting job-ready talent to industry and creating opportunities. Recently awarded a Great Place to Work Certification, BioTalent Canada practices the same industry standards they recommend to their stakeholders. For more information visit biotalent.ca.

Answer: Biotech Experts Identify Challenges and Opportunities Facing the Canadian Bio-economy