New hub to boost life sciences and innovation research

An initiative to grow Western Australia’s life sciences and innovation sector and boost local research capability was announced today as part of a collaboration between the State Government, The University of Western Australia and MTPConnect.   

The creation of a Western Australia life sciences precinct will bring together university researchers and industry partners to generate new business opportunities in medicine, health, agriculture and biodiversity.

Western Australia has an established background in health and medical research and this initiative will support the development of ground-breaking products and services to help improve the commercialisation of life sciences research.

A Western Australian Node of the Commonwealth Government’s Industry Growth Centre’s initiative, MedTech and Pharma Growth Centre (MTPConnect) will be established and will run educational programs to support life sciences start-ups and provide business development, innovation, health translation and investment attraction advice.

The WA Government will commit $1.2million over four years and work with MTPConnect and UWA towards the acceleration of medical and biotechnologies through the creation of this life science precinct; establishing WA as a world leader in this area.