Top Flourishing Canadian Biotech Engineering Companies

January 9, 2024

The biotechnology industry in Canada has blossomed in recent years, with a surge of new companies capitalizing on advancements in genetic science, biomedical research, and bioengineering to create innovative solutions in health care, agriculture, and environmental management. Particularly notable is the emergence of companies formed since 2015, which have displayed impressive growth and potential in a relatively short time period. This dynamic cohort reflects Canada’s positioning as a groundbreaker in the global biotech landscape.

These companies range from global leaders in DNA sequencing and diagnostics to pioneers in biomanufacturing and pharmaceuticals. They share a steadfast commitment to scientific excellence and a vision of harnessing biological processes to solve complex problems, improve lives, and build toward a sustainable future.

Today we spotlight companies that have swiftly achieved a significant presence in the biotech sector, showcasing their ingenuity, their pioneering solutions, and their contribution to making Canada a global leader in biotechnology.

Microbiome Insights Inc.

Established by Bill Mohn, Brett Finlay, and Malcolm Kendall, Microbiome Insights Inc. is a global leader in microbiome DNA sequencing and bioinformatics, offering top-tier services in this sector since its inception. The Vancouver-based company’s state-of-the-art solutions enable seamless inclusion of microbiome analysis in a wide array of applications across human, animal, agricultural, and environmental sectors. Follow them here on LinkedIn.


MY01, co-founded by Ed Harvey, has established itself as a key player in the medical device and biotechnology industries by delivering real-time muscle pressure measurement solutions. Based in Montréal, MY01’s unique offering has clinically proven sensitivity and specificity for diagnosing Acute Compartment Syndrome (ACS). Check out their Facebook and LinkedIn for more information.

Rapid Novor

Rapid Novor , established by Mingjie Xie, is a world-leader in antibody protein sequencing technology. The company has developed the technology to directly sequence antibody proteins without needing access to the producing cell line. They can be followed on Facebook and LinkedIn.

Nuvision Benefits

Nuvision Benefits is a leading Canadian patent research and acquisition company in the biotechnology and pharmaceutical sectors. Their notable work in drug and cell-based therapies displays their proficiency in creating and retaining significant value throughout their therapeutic R&D. More details about them can be found on their LinkedIn.

Affinite Instruments

Co-founded by Jean-Francois Masson, Joelle N Pelletier, and Ludovic Live, Affinite Instruments provides benchtop real-time, label-free sensing devices for chemical and molecular testing. Keep up with them on LinkedIn.


PlantExt , established by Oded Sagee, develops medical cannabis products intended to provide anti-inflammatory remedies. They can be followed on Facebook and LinkedIn.


BioBreath is making strides in the development of breath sensor diagnostic devices. They are currently based out of Vancouver, British Columbia. More information is available on their Facebook and LinkedIn.

Bio Conscious Technologies

Established by Amir Hayeri, Bio Conscious is a health analytics company that utilizes AI technology to predict and prevent adverse medical events, enhancing patient health and physician effectiveness while reducing health care costs. Their work can be followed on LinkedIn.


Founded by Gennadi Saiko, Oxilight is a medical device company that provides affordable diabetic foot ulcer diagnosis solutions. Connect with them on LinkedIn.

Ananda Devices

Established by Margaret Magdesian, Ananda Devices is a biotech company offering high-throughput cellular and tissue nano-organization technology to accelerate R&D in the pharmaceutical, food, and cosmetic industries. More about them is available on Facebook.


Co-founded by Craig Knox and Michael Wilson, DrugBank is an analytics company that provides a comprehensive and up-to-date knowledge database on pharmaceuticals. They can be followed on Facebook and LinkedIn.

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