L7 Incubators and Research Hubs Flashcards
Biotech in Australia - Strengths and Successes
see onenote slides
- 5th alrgest biotech industry globally
Strengths
- infectious disease and diagnostics e.g. device to detect flu in its early cycle
- clinical trials - heterogenous population
- cancer, clinical research e.g. cervical cancer vaccine
- drug discovery and development
- stem cells and regenerative medicine
- medtech and devices e.g. green whistle
Biotech in Victoria
see onenote
- Victoria is Australia’s largest biotech sector
- 150+ biotech companies
Supported by environment in Victoria i.e. Medical research institutes, teaching hospitals, universities
What is an incubator and research hub?
see onenote
- physical location
- provides mix of physical and intangible infrastructure
- create employment, commercialize new technologies, aid in development of local economies through high paying jobs
- operate across community in general and specific areas
Incubator - Mancuso Business Development Group
see onenote
Once businesses mature, they “graduate” and leave the become standalone entities
A business that enters an incubator program is twice as likely to survive than those who don’t
Key features of Biotech incubators
see onenote
Set within uni and research institutes
- means to transfer tech from academic institutions into commerce and industry
- access to labs, expertise, infrastructure to support smaller companies
Comparison of Incubators and Technology Parks
See onenote
Innovation Districts (Ecosystems)
Science parks
- benefits of co-location
- platform to commercialise academic research
- incubate startups
- train innovative talent
Innovation districts
- taking into account changing nature of work and ability of complementary urban frameworks to further enhance benefits of agglomeration
Innovation districts
- E.g. Silicon valley
- Why would they co-locate when there’s a lot of competition in the same area
○ Co-location outweigh the problems of co-location
○ Silicon valley struggles to get enough people to live there BUT if there are lots of companies in the same area: “if I struggle at company A, I can move to company B, without having to move somewhere else”
- When companies set up near one another, there’s complimentary effect
Melbourne Innovation Districts
see onenote
Melbourne Innovation District is the location of 21% of all Knowledge Sector jobs
Victorian Unis are the backbone of our innovation landscape
see onenote map
Why businesses prosper in Victoria
- Victorian universities and collaboration between universities
- Ideas are being shared, people are being shared
- Small version of silicon valley in Melbourne
UniMelb Precincts and the Bio21 Institute
Bio21
- research institute and a business incubator
- Received investment from state government, uni and philanthropy
The Bio21 Institute Vision
see onenote
to improve human health and the environment through innovation in biotech and nanotech, drive by multidisciplinary research and dynamic interactions with industry
Bio21 - Education and Training
see onenote
“School - Bench - Workplace”
Bio21 - the business incubator
see onenote
- for industry
- for students and staff
- for university
Fibrotech - a major local commercialisation success story
see onenote slides
What did Shire Plc buy?
see onenote
- two lead molecules: FT011 and FT061
- 3 patents, including these two compounds and various analogues, as well as 3 lab books with the original inventions recorded
- rights to develop these compounds in any disease of the body, except the eye
- trade secrets around mechanism of action
