Australian government to invest A$250 million in biomedical research

7 December 2015

The Australian government will inject A$250 million $184 million) into a biomedical research fund to help bring ground breaking discoveries to market, it has been announced.

Prime Minister Malcolm Turnbull unveiled the plans as part of the government’s A$1.1 billion innovation and science plan.

The new Biomedical Translation Fund will invest in promising discoveries and inject the necessary funds to progress commercialization.

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