Victorian government partners US research body in $55 million biotechnology push

Victorian government partners US research body in $55 million biotechnology push

It has partnered with Massachusetts Life Sciences Center

The Victorian government has partnered Massachusetts Life Sciences Centre as part a $55 million technology plan to boost biotechnology.

The launch of the second round of the Building Global Bridges initiative coincides with the Bio-Europe conference in Turin, Italy.

Building Global Bridges, the Victorian arm of the MLSC’s International Collaboration Industry Program, connects Victorian life sciences companies with their counterparts in Massachusetts.

State technology minister Gordon Rich-Phillips said the Coalition Government had committed $1 million to the second round of the successful initiative.

"Through Building Global Bridges, I am confident we will strengthen linkages and create many more successful and beneficial partnerships for both Victoria and Massachusetts,” he said.

“Building Global Bridges is just one example of the programs we are funding to support the internationalisation of Victoria’s life sciences industry."

The government will provide funding of between AUD$75,000 and AUD $400,000 to successful local companies that are undertaking commercially-focused research and development projects with partner life sciences companies in Massachusetts.

Building Global Bridges is part of Victoria’s Technology Plan for the Future – Biotechnology, a $55 million plan to support the local life sciences industry and drive greater use of biotechnology across other industries.

Massachusetts partner companies will also be eligible for grant support of between US$75,000 and US$400,000 from the MLSC.

Applications for Round two of the program close at 12am on October 2.

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Tags State technology minister Gordon Rich-PhillipsMassachusetts Life Sciences CenterBuilding Global Bridges

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