HOME >> MEDICINE >> NEWS
Industry welcomes massive Victorian investment in medical research

And calls for action to turn the research into commercial reality.

Melbourne's biotechnology industry is excited by the Victorian Government's announcement of a $230 million investment in medical research according to Tim Murphy, Executive Director of the BioMelbourne Network.

"This money is going into the areas where Victoria's medical research is strongest cancer, neurobiology, diseases. These are the areas where we can make a real difference globally," he says.

But he urges the government to do more to turn the investment into jobs.

"The skills of Melbourne's medical researchers in translating their research into clinical practice will help ensure that the investment makes a real difference to patients," he says. "But the initiative won't yet bring the jobs and biotechnology businesses that the government is hoping for, unless they also invest more in linking science and business."

"This is the latest in a series of substantial investments in Victoria's research infrastructure," says BioMelbourne board member Jim Murray.

"The synchrotron, Bio21 and now the Healthy Futures initiative are all welcomed by industry. But we also need to do more to bridge the gap between science and business if we are going to see the economic benefits. It's about breaking down the cultural barriers and integrating commercialisation into the day to day business of science. Then we will see real economic growth in Victoria as a result of these investments."

Some of the steps that could be taken include:

  • Developing the risk capital environment to support the growth of robust biotechnology companies in Victoria.
  • Education for financial analysts
  • Business mentoring programs for scientists
  • Secondment of researchers into industry
  • Greater emphasis on recruiting the best commercial operators just as we recruit leading scientists from overseas

"The BioMelbourne
'"/>

Contact: Tim Murphy
61-39-650-8800
Research Australia
6-Apr-2006


Page: 1 2

Related medicine news :

1. Astrolab Industry Day to showcase European research technology on ISS
2. Frazer welcomes Federal Government decision on Gardasil
3. Pharmaceutical industry welcomes Labor Partys Innovation Blueprint
4. AAMRI welcomes Canberras fresh commitment to medical research funding
5. Oxford Immunotec welcomes UK NICE guideline on tuberculosis as disease incidence continues to rise
6. HUP welcomes a Swedish invasion
7. NMDP welcomes IOM recommendation for fully integrated cord blood system
8. Melanoma research receives a massive funding boost
9. Damon Runyon renews its $2.25 million investment to support young clinical cancer investigators
10. New PBS investment as PBS slows
11. European Science Foundation warns nanomedicine benefits will be lost without major investment

Post Your Comments:
*Name:
*Comment:
*Email:


(Date:2/21/2020)... ... ... Representatives with Bay-Bay Water today announced that the company has launched a new ... as part of the ongoing evolution of our company’s brand,” said Osmay Gonzalez, spokesperson of ... expanding its national reach. , “We have refreshed our logo to reflect who we are ...
(Date:2/21/2020)... ... February 21, 2020 , ... Isagenix International ... announced its third and final round of Canada finalists for its annual total-body ... Birr of Markdale, Ontario; Taiya Farrell of Winnipeg, Manitoba; Véronique Collin of Orleans, ...
(Date:2/20/2020)... Calif. (PRWEB) , ... February 20, 2020 , ... ... insurance agents, has a new release with next generation API integration functionality ... Launched by VisitorsCoverage Inc. in 2017, TMQuotes was the first white ...
(Date:2/19/2020)... MIAMI (PRWEB) , ... February 19, 2020 , ... ... to the film industry. While he is most known for his acting abilities ... exceptional host on the educational show “Behind The Scenes” with Laurence Fishburne. “Behind ...
(Date:2/19/2020)... ... February 19, 2020 , ... ... will highlight its growing product portfolio for lower extremities at the American College ... B. Gonzalez Convention Center. The Trigon® Ti Stand-Alone Osteotomy Wedge Fixation System will ...
Breaking Medicine News(10 mins):
(Date:2/21/2020)... ... February 21, 2020 , ... The business of healthcare management ... up with industry trends and ensuring patients digital and physical safety, there are many ... , That’s why MaintenX International’s is excited to provide their insights on healthcare ...
(Date:2/20/2020)... , ... February 20, 2020 , ... ... 6333 North Scottsdale Road, in Arizona, will be a timely and relevant 2-day ... practical instruction in the management of chronic pain. , In 2020, paper prescriptions ...
(Date:2/19/2020)... ... , ... Drs. Mario Canal and Ben Calem will host the Pinnacle Dental ... Voorhees. The course features guest speaker, Dr. Amanda Seay, and will focus on aesthetic ... All-on-4® full mouth dental implants, are a major focus at Canal Calem Periodontics ...
Breaking Medicine Technology:
Cached News: