Ontario and Japanese businesses and institutions announced fifteen new business agreements and partnerships on the first day of Premier Kathleen Wynne’s mission to Japan. Ontario's Centre for Commercialization of Regenerative Medicine and Japan-based medical company Healios have signed technology transfer, licensing and cooperation agreements with an estimated value of C$60 million. Additional deals include Japanese automotive and industrial manufacturer Futaba Industrial Co. Ltd. investing more than C$50 million to expand its plant in Stratford; McMaster University, Centennial College and Seneca College signing a total of six Memorandam of Understanding with Japanese academic institutions; and MaRS Discovery District, a Toronto-based innovation hub, and NTT DATA, a Tokyo-headquartered IT services provider announcing a partnership to provide a new platform for Canadian startups seeking to grow their market share in Japan.

Information Summarized From: Government of Ontario Press Release; MaRS Discovery District Press Release

(Photo credit: Queen’s Printer for Ontario, 2016)