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Industry science collaboration focuses on medical advances
15 October 2014
Minister for Industry Ian Macfarlane has congratulated a collaborative Australian bio-medical research consortium in Melbourne, which will receive $10 million from the Science and Industry Endowment Fund (SIEF).
CSIRO and Monash University will each match the SIEF’s $10 million contribution towards the establishment of a BioMedical Research Consortium which will be based at Monash’s joint Clayton precinct in Melbourne.
“This collaborative project, to be jointly run by CSIRO and Monash University in conjunction with the Australian biomedical manufacturing industry, is exactly the type of project Australian industry must embrace in order to enhance our international competitiveness,” Mr Macfarlane said.
“The Australian Government has recognised medical technology and pharmaceuticals as one of our areas of competitive strength. It will be the focus of one of the five Industry Growth Centres the Government will establish with a $188.5 million investment.
“An objective of the Growth Centres will be to encourage greater collaboration between business and science in order to capitalise on our strengths and maximise our opportunities in global growth markets.
“With the support of CSIRO and Monash University, the BioMedical Research Consortium is already illustrating the benefits for Australian industry and the Australian community as a result of collaborative research and problem solving.”
Minister Macfarlane said a further $7.9 million from SIEF over five years would be invested in a ‘SIEF STEM+ Business’ Fellowship Program, to connect STEM professionals with industry.
Media contact: Mr Macfarlane's office 02 6277 7070
