Trudeau says the development centre will use a collaborative approach between research institutions and industry to solve cell therapy manufacturing challenges.
Regenerative medicine, using stem cells to repair or replace damaged cells and organs, has emerged as a promising approach to disease prevention and treatment.
Trudeau says supporting the facility will have significant benefits for innovative, health-related technology in Canada and around the world.
He predicts it will generate jobs and make Ontario an even stronger competitor in the bio-tech industry.
Trudeau is on a quick trip to Toronto that includes a meeting with Mayor John Tory.