Ontario’s Emerging Leaders: Noteworthy Biotech Startups in Canada

January 3, 2024

Ontario, well-known for its welcoming environment for entrepreneurs, has been a hotbed of innovative startups, from tech to biotech. The biotechnology industry, in particular, has seen a remarkable surge in Ontario, boasting a wave of new startups. Several of these innovative companies, all founded in 2020 or later, have made notable strides in the development and application of biotechnology, pushing the limits of what is possible in this crucial industry. They have made significant contributions in areas ranging from health care to artificial intelligence and sustainability.

These startups have harnessed their unique technologies, discoveries, and applications to revolutionize various parts of our lives. By prioritizing cutting edge research and development, these firms aim to come up with solutions to health and environmental challenges, creating new approaches to medical treatment and paving the way to a more sustainable future. Among these are the breakthroughs in the field of psychedelic medicine, artificial intelligence, digital health and more.

This article introduces more about these vibrant startups. Without further ado, let’s dive into details and appreciate the great contributions these companies bring to the biotech industry in Ontario and beyond.

Awakn Life Sciences

Founded by Anthony Tennyson and Jonathan Held, Awakn Life Sciences is a biotechnology firm that combines clinical operations and the development of psychedelic medicine to treat addiction. It brings together a team of chemists, scientists, psychiatrists, and psychologists to develop and enhance the next generation of psychedelic drugs, therapies, and enabling technologies to help those suffering from addiction.


PharmaTher Holdings Ltd, founded by Fabio Chianelli, is a clinical-stage biotech corporation dedicated to the research, development, and commercialization of novel uses, formulations, and delivery methods of psychedelics. These are intended to treat mental illnesses, neurological, and pain disorders, reflecting a new frontier in medication.

Deep Biologics

Founded by Dea Shahinas and Shraddha Dubey, Deep Biologics implements AI-based strategies to unpick the intricacies of the biologics development process for therapeutic and diagnostic purposes, speeding up discovery pipelines with its innovative approach.


Neurolytixs is a biotech toward health care that Adrian Uthay, Douglas Fraser, and Peter George have built together, only revealing its existence when it was ready to disrupt the biotechnology ecosystem.

Spartan Finance

Sajjad Abbas and Shakeel-Abbas Hussein developed a firm called Spartan Finance. The all-in-one platform provides research capabilities for biotech, offers free courses explaining everything from the drug approval process to drug mechanisms, and a comprehensive algorithm that alerts users to significant events.

Arma Biosciences

Arma Biosciences, spearheaded by Hanie Yousefi, Shana Kelley, and Surath Gomis, is an innovator in the field of health diagnostics. They have created a sensor platform that can monitor a multitude of physiological markers, enabling personalized health monitoring.

Neural Therapeutics

Neural Therapeutics, a nameless yet brilliant founding ensemble, is an ethnobotanical drug-discovery company that focuses on psychedelic-based medical therapeutics and dietary supplements.


Founder Janet Qi leads a groundbreaking biotech startup named Purminds, which leads the field in cannabis and neuroscience research.

Forest City SynBio

A project spearheaded by Shea Tough, Forest City SynBio maintains a keen interest in biotechnology, sustainability, and consulting services to help transform the future of the industry.

Antiseptic Pro

AntisepticPro is a life sciences and biotechnology manufacturer of natural nutrition supplements, OTC products, and wellness products. They also produce high-quality air purifiers for small and large businesses.

Kingston Cardiology Associates

Kingston Cardiology Associates provides patients with access to state-of-the-art diagnostic technologies for testing the health and functionality of their cardiovascular system, promising a new era for heart health and diagnostics.

These are just some of the many new and exciting biotech startups in Ontario pushing the boundaries of what is possible and tackling some of the world’s most pressing health and environmental challenges.

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