VicAAMRI welcomes investments to drive Victoria’s home-grown medical research capability

VicAAMRI welcomes investments to drive Victoria’s home-grown medical research capability

20th May, 2021

The Victorian Chapter of the Association of Australian Medical Research Institutes (VicAAMRI) welcomes the Victorian Government’s investments announced as part of today’s Victorian State Budget which will further drive Victoria’s medical research and life-science capability.

Alongside other major initiatives, such as the Government’s $3.8 billion investment into Victoria’s mental health system, the $68 million package will support our best and brightest minds to further drive Victoria’s world-class life-science industry, delivering benefits for all Victorians and further cementing the State’s position as a leading life-sciences destination.

Major investments include:

  • $50 million to secure and scale Victoria’s mRNA vaccine manufacturing capability
  • $14 million to enable the Murdoch Children’s Research Institute to continue to deliver the Generation Victoria (GenV) initiative

These investments follow on from the Victorian Government’s announcement yesterday that it will invest $245 million, in addition to the $155 million previously announced, to deliver the Australian Institute of Infectious Disease, a partnership between The University of Melbourne, Burnet Institute and Doherty Institute.

Creating 350 jobs during construction, 850 ongoing medical research jobs and potentially supporting up to 5,000 jobs in the life-science sector, the Institute will be the new home of the Burnet Institute while enabling the Doherty Institute to expand its research operations.

Chair of VicAAMRI and Director and CEO of the Burnet Institute Professor Brendan Crabb AC welcomed the investments announced in today’s budget.

“Investment in medical research generates enormous benefits for our state, including thousands of high-skilled jobs.

“The initiatives announced today by the Victorian Government will ensure that our scientists can continue to achieve the medical research breakthroughs that are critical to patients here in Australia and around the world,” said Professor Crabb.

Targeted support for health and medical research will ensure that the sector is well-placed for growth as a key part of Victoria’s economic recovery from the COVID-19 pandemic.

“The Victorian Government’s investment today, as well as previous investments including the $2 billion Breakthrough Victoria Fund, will drive Victoria’s health and medical research sector to new heights, including ensuring that more of our home-grown discoveries can be translated into life-changing products right here in Victoria.

“With every dollar of Victorian Government funding generates $4.54 of additional income for the state, Victoria’s medical research sector has a proven track record as a high-growth industry. We have a fundamental role in continuing to do our bit to fuel Victoria’s economic recovery.”

 

-ENDS-

Media Contact: Andrew Hastings, 03 9345 2511, andrew.hastings@aamri.org.au