- New partnership between State Government, MTPConnect and UWA provides $3.6 million over 4 years to support burgeoning WA life sciences sector
- $1.2 million over four years provided through the $16.7 million New Industries Fund to create and support WA jobs in the sector
- Life sciences refer to medical research, biology, and other branches of science that deal with living organisms, including pharmaceuticals, biotech, agtech and food processing
The McGowan Government has today committed $1.2 million to establish a medical technology, biotechnologies and pharmaceuticals innovation hub to grow Western Australia's life sciences sector and support local jobs.
The hub is in partnership with MTPConnect and The University of Western Australia and will be called the WA Node of MTPConnect. This node will employ staff to focus on:
- digitally enabled MTP (Med Tech Pharma) solutions – particularly rural and remote applications;
- the development of medical devices;
- precision medicine and regenerative medicine products and services including utilising the State's internationally recognised capability in phenomics;
- focus on clinical trials and development of pre-clinical expertise and capability;
- skills development in product translation and commercialisation; and
- investment attraction
MTPConnect is a not-for-profit organisation which aims to accelerate the rate of growth of the medical technologies, biotechnologies and pharmaceuticals sector to achieve greater commercialisation and establish Australia as an Asia-Pacific hub for MTP companies.
WA's Chief Scientist, Professor Peter Klinken AC, has been working to develop a strategy to support a life sciences precinct in WA, aimed at growing local capacity and new business opportunities in the medical and health, agriculture, biodiversity and environment sectors. The State's investment is an important step in building on this work to support local businesses and jobs through workshops, training and coaching sessions, as well as bringing national and international experts to Perth.
MTPConnect will match State funding by contributing $100,000 in cash per annum and $200,000 per annum in in-kind support over four years for joint co-funded activities to support the WA Node.
UWA will be the lead university for WA's life sciences precinct, providing support to the value of $300,000 per annum over four years.
Comments attributed to Innovation and ICT; and Science Minister Dave Kelly:
"The McGowan Government is delivering on its election commitment to diversify the economy and create jobs by establishing a second innovation hub through the $16.7 million New Industries Fund.
"Through this new life science innovation hub the McGowan Government will support high growth small and medium-sized enterprises (SMEs) and job growth in this exciting and developing sector.
"We have some of the most innovative people in Australia located right here in Perth. With the support of the McGowan Government through this innovation hub, I look forward to seeing what these innovators can deliver for the benefit of our local economy and health sector."
Comments attributed to Health Minister Roger Cook:
"As Health Minister, I am highly supportive of the establishment of a WA Node of MTPConnect to ensure WA is linked into major initiatives, programs and projects across a national network, and to drive development of medical devices; precision medicine and regenerative medicine products and services including utilising the State's internationally recognised capability in phenomics.
"The establishment of a life sciences innovation hub in WA will also help create a focus on clinical trials and development of pre-clinical expertise and capability. I see this as a critical step that complements initiatives in the health sector to build our life sciences capability."
Comments attributed to Chief Scientist Peter Klinken:
"The life sciences sector is enormously important to WA's economic development and jobs growth.
"I am excited about this collaborative arrangement between the State, MTPConnect and UWA and I am convinced it will drive activity and growth in a sector that we already know is punching above its weight in terms of cutting edge research and innovation."
Innovation and ICT and Science Minister's office: 6552 6100
Health Minister's office: 6552 6500