Biotechnology front and center of Australia's economic transition

Trade group AusBiotech’s 2016 Biotechnology Industry Position Survey of industry chief executives confirms biotechnology continues to be front and center of Australia’s post-mining boom economic transition.

The sector has been a pivotal contributor to Australia’s economy since it emerged over three decades ago. Yet the past year has seen increasing recognition of biotech’s growing contribution to Australia’s future wealth by government, media, local and global investors.

The 2016 Survey, conducted by AusBiotech with support from Grant Thornton and a contribution from Novotech, revealed key themes including economic value; business sentiment; finance, investment, listing and costs; and government policy.