- 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.