Today, Mayor Bonnie Crombie joined the University of Toronto Mississauga’s (UTM) Vice-President and Principal, Alexandra Gillespie, at the BIO International Convention in Boston to announce the creation of SpinUp – the Greater Toronto and Hamilton Area’s first venture incubator offering wet lab space.

SpinUp will provide early-stage entrepreneurs and life science companies with affordable access to wet lab space, equipment, training and programming, helping address the growing demand for wet lab incubation space that supports Mississauga’s small life sciences companies looking to test and commercialize their products and innovations.

“SpinUp is a much-needed and welcomed addition to IDEA – Mississauga’s Innovation District and we are thrilled that UTM’s new incubation space will be opening soon,” said Mayor Bonnie Crombie. “Our goal is to work with partners in the community, like UTM, to provide resources and facilities to support businesses from early stages of inception to scale-up, until they ultimately transition into their own space with a sustainable path forward. SpinUp will be a key element in this journey for smaller life sciences companies and advances our city’s position as a leader in this space. The future is bright for our life sciences sector in Mississauga!”