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    Coat of ArmsMedia Release
    JOINT STATEMENT
    Premier and Minister for the Arts
    The Honourable Annastacia Palaszczuk
    Minister for State Development and Minister for Natural Resources and Mines
    The Honourable Dr Anthony Lynham
    Minister for Innovation, Science and the Digital Economy and Minister for Small Business
    The Honourable Leeanne Enoch

    $4 million injection boosts Queensland’s biomedical industry

    JOINT STATEMENT

    Premier and Minister for the Arts
    The Honourable Annastacia Palaszczuk

    Minister for State Development and Minister for Natural Resources and Mines
    The Honourable Dr Anthony Lynham

    Minister for Innovation, Science and the Digital Economy and Minister for Small Business
    The Honourable Leeanne Enoch

    Tuesday, June 20, 2017

    $4 million injection boosts Queensland’s biomedical industry

    SAN DIEGO, USA: The Palaszczuk Government will invest $4 million to expand Queensland’s biomedical sector and deliver up to 3000 new jobs, Premier Annastacia Palaszczuk announced to the BIO international convention today.

    Launching the Queensland Biomedical 10-Year Roadmap and Action Plan, Ms Palaszczuk said the plan would boost the sector’s global competitiveness by unlocking investment and the jobs of the future.

    “The Roadmap and its $2 million Biomedical Assistance Fund aim to give our biomedical enterprises better access to the capital they need to bring new products to market,” Ms Palaszczuk said.

    “Since releasing our initial 10 year roadmap just last year, we’ve seen projects like Southern Oil’s Northern Refinery get underway in Gladstone.

    “The Biomedical Roadmap is another signature policy.

    “In Queensland, the biomedical industry has the potential to add $1.9 billion and almost 3000 jobs to the local economy by 2027 - and we want to nurture that growth.”

    Minister for Innovation, Science and the Digital Economy Leeanne Enoch said the government wanted to ensure access to the right expertise, specialist support and services to commercialise novel products so they can compete in the global marketplace.

    “By 2027 we want Queensland to be a globally competitive biomedical hub in the heart of the Asia-Pacific.

    State Development Minister Anthony Lynham said the roadmap would position Queensland biomedical enterprises for rapid technological advances and a strong investment environment.

    “The Queensland Biomedical 10-Year Roadmap and Action Plan is the latest in a series of priority industry roadmaps that are helping strengthen and diversify Queensland’s economy, drive growth and create jobs of the future for Queenslanders,” Dr Lynham said.

    To find out more, go to http://www.statedevelopment.qld.gov.au/biomedical

    Media contact:  Susan McGrady 0488 996 667