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:8/31/2020)... ... August 31, 2020 , ... Smile Brands ... groups in the United States, today announced the grand opening of another affiliated ... , Patients will enjoy convenient hours, a comfortable office, and full-service care at ...
(Date:8/31/2020)... ... ... Cure for Covid-19 “PTS” with Mediation & Hypnosis , At this very turbulent time ... experiencing deep anxiety, immense stress, and right now are needing serious relief from a constant ... the planet are experiencing a great degree of emotional discomfort, be it fear or worrying ...
(Date:8/31/2020)... ... August 31, 2020 , ... Dr. ... with persons with autism and other developmental disabilities, as well as supporting staff ... education, adolescents with autism, school consultation, and staff development. She joined the company ...
(Date:8/29/2020)... MONTREAL (PRWEB) , ... August 29, 2020 , ... When ... - perhaps with greater ease than most people would. Rather than become melancholic, however, ... yet deep advice on achieving one’s dreams. Randy Pausch took a negative situation and ...
(Date:8/28/2020)... ... August 28, 2020 , ... WHAT , Hespiro™ ... patients with respiratory conditions, including COVID-19, while reducing the need for scarce mechanical ... captures exhaled gas and scrubs it free of carbon dioxide in a completely ...
Breaking Medicine News(10 mins):
(Date:8/27/2020)... ... August 27, 2020 , ... Trella Health, the leading source ... of cloud CRM, marketing automation, and contact center solutions for senior living communities ... of Trella’s performance intelligence data and insights into Enquire’s CRM solution to serve ...
(Date:8/26/2020)... Mo. (PRWEB) , ... August ... ... a member of Eurofins BioPharma Services, Laboratory Testing division, expands its technology ... existing suite of Flow Cytometry platforms available. With industry-leading biomarker solutions, complemented ...
(Date:8/26/2020)... ... August 26, 2020 , ... Hero Life Sciences announced today that ... 3 ply surgical disposable face masks and N95 respirators in its manufacturing plant located ... challenge that most Americans are facing in trying to find quality disposable face masks ...
Breaking Medicine Technology:
Cached News: