Relative to its size as a medium-sized city of 400,000 people, Victoria, B.C.’s educated population, world-class institutions and robust scientific and research community, combined with its high quality of life, supreme weather (compared to the rest of Canada), and healthy and active population, position the region well for success in the talent-driven life sciences and health sectors.
Thirty-nine per cent of people aged 25 to 64 in Victoria have a bachelor’s degree or higher, compared to 35% in British Columbia and 32.9 percent in Canada. Victoria has a higher proportion of graduates in several vocations related to life sciences:
- Victoria has proportionally more people with sciences and science technology degrees (6.6%) than both B.C. (6.0 %) and Canada (5.4%);
- Victoria has a higher concentration of people with social and behavioural sciences degrees (13.7%) than B.C. (10.6%) and Canada (10.0%);
- Victoria also has more health-sector-related graduates (13.9 %) than both B.C. (12.9%) and Canada (12.6%) averages.
- 33.6% of visible minorities in the Victoria area have a bachelor’s degree or higher, which means we attract a higher proportion of educated newcomers compared to both B.C. (28.5%) and Canada (26.7%).
Photo: Victoria Rising (Axolotl Biosciences)
These strengths have contributed to the establishment of a range of companies and organizations across the life sciences sectors in the region (see below). However, despite having major wins in sectors such as pharmaceuticals over the years (such as the acquisition of Aspreva by Vifor Pharma for $905M and the acquisition of Redlen by Canon for $340M) the region’s core competencies are really aligned toward:
- Bio-medical engineering, medical technologies and materials innovation
- Health Information Sciences (Informatics and Digital Health; including Healthy Aging)
- Proteomics
The future of Greater Victoria’s life sciences sector is bright, bolstered by significant investments and strategic initiatives aimed at establishing British Columbia as an important hub. One key driver is the B.C. Life Sciences and Biomanufacturing Strategy, part of the StrongerBC Economic Plan. This strategy, released in May 2023, focuses on ensuring B.C.’s leading position in life sciences and biomanufacturing, aiming to develop commercial-scale biopharmaceutical and medical manufacturing.
Photo: Victoria Rising (VoxCell BioInovation)
In 2024, the South Island Prosperity Partnership (SIPP), Greater Victoria’s economic development alliance, produced an assessment of the region’s life sciences and health sectors. Based on secondary research along with stakeholder interviews, the report took an in-depth assessment of the region’s competencies, companies, support organizations and strategic investments to determine the potential of the sector and identify where gaps may exist to move it forward. Read the full report here.