Hamilton, ON – Funding of $4 million is being provided to the McMaster-Fraunhofer Project Centre for Biomedical Engineering and Advanced Manufacturing (BEAM) by the Ontario government. The joint project is anticipated to create up to 100 jobs and attract top scientists and industry researchers from around the world. It is also intended to help establish Hamilton as a hub for Ontario’s life sciences sector.
Created by McMaster University and Germany’s Fraunhofer Institute for Cell Therapy and Immunology, BEAM will develop innovative technologies to automate production for cell therapies, significantly lowering the cost to treat degenerative diseases like cancer.
BEAM will be located at the McMaster Innovation Park.