Updated on 7 July 2014
Australia joined hand with Korea to promote cooperation in biotechnology for mutual interest, relevant to economic and social development and to promote dialogues in formulation of biotechnology policy.
Allotted $186 million for supporting Cooperative Research Centers in cancer and hearing sector to develop new devices, therapies and service delivery models.
It introduced Australian Innovation and Manufacturing (AIM) Incentive, an incentive to keep home-grown intellectual property (IP) once it reaches commercialisation, as well as associated manufacturing.
AUSTRALIA: TOP 20 BIOSCIENCE COMPANIES