Sep 2015

Globe & Mail: Want a flourishing economy? Invest in stem cell R&D.

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How can Canada’s leadership hopefuls nurse our ailing economy back to health without leaving it susceptible to the global viruses of the resource and manufacturing sectors?

By investing in stem cell research, according to the Globe & Mail’s list of 15 ways to create a flourishing economy.

On Saturday, the Globe’s Eric Andrew-Gee wrote that  while “pulling things out of the ground and hammering steel have been pillars of Canada’s economy for at least a generation,”swings in global demand have often left the country in the economic lurch. The Globe polled economists and public policy gurus to produce 15 smart ideas “that wring as much as possible out of the old economy and help a new economy flourish.”

Stem cell research is Number 10. The article noted that stem cell research “was invented in 1960s Toronto. So, some researchers have asked, why not make Canada a ‘magnet’ for such research today?”

While the federal government has indicated it understands the potential economic and disease-curing benefits of stem cells — most recently with at $114-million, seven-year grant to the University of Toronto — “more can be done,” given that California, with a population similar to Canada’s, has already invested $3 billion.

The Globe’s article resonates with sentiments expressed in an Aug. 24 op-ed by James Price, Canadian Stem Cell Foundation President and CEO. Published in iPolitics, the article makes it clear that “Canadians across the country want and need a national stem cell effort.”

Such a plan is ready. The Canadian Stem Cell Strategy & Action Plan was developed by Canada’s top researchers, medical professionals, health charity leaders, industry partners and to position Canada to deliver up to 10 new curative therapies to the clinic within 10 years. While federal funding is needed to launch the program, two-thirds of its support will come from non-federal sources.

Help boost the economy and save lives. Tell the politicians seeking your vote that you support the stem cell Action Plan. Just click here. It takes less than two minutes.

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