Industry Analysis & Industry Trends
The Australian biotechnology industry is one of the largest in the world. Biotechnology refers to the use of living organisms, or their products, to modify human health and the environment. While genetically modified (GM) products remain controversial, attitudes are beginning to change and there has been increasing acceptance of the process in agricultural industries and across other sectors. Biotechnology is an increasingly important part of product development in a variety of industries.
Biotechnology companies often use research that began in higher education, public and not-for-profit research organisations. While government and non-profit organisations remain important sources of funding, the private sector is increasingly contributing to industry revenue... purchase to read more
Industry Report - Industry Locations Chapter
The industry’s geographical clusters are largely determined by proximity to universities and other major research centres. These clusters often stem from universities that commercialise their discoveries or from spin-offs of government-funded research initiatives. For example, the CSIRO has biotechnology-related facilities in most states and territories, which supported the industry’s development in its earlier stages.
As a global medical research and development hub, Melbourne is the base of operations for some of the more mature companies in the industry. As companies bring their R&D to the market, they need to expand their employment base to include sales and marketing and other support staff... purchase to read more