Published Sunday, 06 May, 2007 at 10:57 AM
Premier and Minister for Trade
The Honourable Peter Beattie
BEATTIE ANNOUNCES FUNDING FOR STEM CELL THERAPY DEVELOPMENT
BOSTON: The Queensland Government will provide $225,040 funding for a Queensland University of Technology (QUT) research project that which will simplify development of stem cell therapies Premier Peter Beattie announced today.
Mr Beattie said Tissue Therapies Limited, based at the QUT’s Institute of Health and Biomedical Innovation, had been awarded the Innovation Projects Fund grant.
When all other partner funding is included, the total project involves an overall investment of $1 million.
Mr Beattie announced the funding at a Queensland University of Technology luncheon in Boston.
Mr Beattie said the Tissue Therapies project centred on a product which is a synthetic alternative to animal and human materials in the manufacture of stem cell products.
“This is a world-first development and once on the market will place global focus squarely on Queensland experts among the international stem cell community,” Mr Beattie said.
“There is a global market for this type of product which means it will benefit our economy as well as save lives.
“In time, it is also expected that the development will help bio-medical scientists produce effective regenerative medicine therapies which will help address the critical shortage of organ donors.”
The Innovation Projects Fund is part of the Queensland Government’s $200 million Smart State Innovation Funding Program, which aims to build world-class research facilities, attract top-quality scientists to Queensland and stimulate cutting-edge research projects.
“The Queensland Government has invested more than $3 billion in innovation, science and research since 1998. I think this demonstrates our deep and ongoing commitment to maintaining Queensland’s reputation as the Smart State,” Mr Beattie said.
Mr Beattie and Minister for State Development John Mickel are leading a Queensland biotechnology delegation to BIO 2007, the world’s largest biotechnology conference and exhibition.
BIO 2007 runs from 6-9 May and attracts about 20,000 international delegates and the Queensland Government is continuing its significant investment in Queensland branding and positioning to facilitate leads, networking, new business and research collaboration opportunities.
Media Contacts: Premier’s Office 3224 4500
Contact: Dr Steven Mercer, Tissue Therapies Limited, QUT, Institute of Health and Biomedical Innovation, tel. 3839 1482, mob. 0417 483 834, email: s.mercer@tissuetherapies.com
Mr Beattie said Tissue Therapies Limited, based at the QUT’s Institute of Health and Biomedical Innovation, had been awarded the Innovation Projects Fund grant.
When all other partner funding is included, the total project involves an overall investment of $1 million.
Mr Beattie announced the funding at a Queensland University of Technology luncheon in Boston.
Mr Beattie said the Tissue Therapies project centred on a product which is a synthetic alternative to animal and human materials in the manufacture of stem cell products.
“This is a world-first development and once on the market will place global focus squarely on Queensland experts among the international stem cell community,” Mr Beattie said.
“There is a global market for this type of product which means it will benefit our economy as well as save lives.
“In time, it is also expected that the development will help bio-medical scientists produce effective regenerative medicine therapies which will help address the critical shortage of organ donors.”
The Innovation Projects Fund is part of the Queensland Government’s $200 million Smart State Innovation Funding Program, which aims to build world-class research facilities, attract top-quality scientists to Queensland and stimulate cutting-edge research projects.
“The Queensland Government has invested more than $3 billion in innovation, science and research since 1998. I think this demonstrates our deep and ongoing commitment to maintaining Queensland’s reputation as the Smart State,” Mr Beattie said.
Mr Beattie and Minister for State Development John Mickel are leading a Queensland biotechnology delegation to BIO 2007, the world’s largest biotechnology conference and exhibition.
BIO 2007 runs from 6-9 May and attracts about 20,000 international delegates and the Queensland Government is continuing its significant investment in Queensland branding and positioning to facilitate leads, networking, new business and research collaboration opportunities.
Media Contacts: Premier’s Office 3224 4500
Contact: Dr Steven Mercer, Tissue Therapies Limited, QUT, Institute of Health and Biomedical Innovation, tel. 3839 1482, mob. 0417 483 834, email: s.mercer@tissuetherapies.com