Aussie state launches biosciences fund for innovative startups

0 Comment(s)Print E-mail Xinhua, January 19, 2023
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SYDNEY, Jan. 19 (Xinhua) -- The government of the Australia's New South Wales (NSW) has announced 40 million Australian dollars (about 28 million U.S. dollars) in funding for innovative researchers, startups and entrepreneurs in the biological sciences space.

The state government said on Wednesday that the funding would bring benefits to the industry over the next four years. It will support projects across the branches of the biological sciences including relatively new fields such as biomanufacturing, genetic engineering, synthetic biology and agrifoods.

"This new program will provide financial and entrepreneurial support for startups developing cutting-edge technologies, helping navigate the often difficult transition between early-stage development and commercial success," said NSW's Minister for Science, Innovation and Technology Alister Henskens.

"We want to foster fresh ideas and innovations that will address challenges in energy, health, the environment and waste, and grow successful businesses that create new jobs and industries that will help secure a brighter future for NSW." Enditem

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