Victoria will lead the world in medical technology under an Andrews Labor Government, researching cures for chronic disease and developing devices that change lives.
Labor will fund Australia’s first research and education centre for biomedical engineering, bringing together doctors, scientists and researchers at one of Victoria’s leading hospitals.
Labor’s $60 million investment in the Aikenhead Centre for Medical Discovery, at St Vincent’s Hospital, will help create 1,080 jobs and turbocharge an industry that will support an estimated 10,000 jobs over the next 15 years.
The centre will attract the world’s leading researchers, scientists and engineers. They’ll work together, translating medical research into life changing cures and technology.
The centre will focus on chronic conditions, such as cardiovascular disease, arthritis, cancer and diabetes, and ground breaking new technology including robotic hands, heart tissue engineering and spinal cord repair.
Labor’s plan to get 100,000 Victorians Back to Work identifies medical technology and pharmaceuticals as one of the six sectors with potential for extraordinary growth – areas in which Victoria can lead the world.
The project is ready to start if the Abbott Government matches Labor’s $60 million contribution. The centre’s 10 partners will also contribute $60 million, of which $30 million has already been raised.
Quotes attributable to Mr Andrews
“Under Labor’s plan, medical discoveries and devices that can change the world will be born right here in Victoria, the home of the bionic ear and the bionic eye.”
“The project will create thousands of Victorian jobs and change so many Victorian lives.”
“Boosting the manufacturing industry and leading the world in medical technology – this is Labor’s vision for the future of our economy.”
“Our best doctors, scientists and engineers will work together to reduce our biggest burdens: cancer, heart disease, diabetes and arthritis.”
- The centre will require no recurrent funding from the State Government. Ongoing revenue will be sourced directly from the centre’s work program, in addition to grants, industry and partner support.