11-06-03
The National Stem Cell Centre (NSCC) has this week commenced independent operations following the signing of a Deed of Agreement with the Commonwealth Government to formally establish Australia’s first Biotechnology Centre of Excellence.
Under the agreement, the Commonwealth Government’s Innovation Statement Backing Australia’s Ability will provide $43.55 million to the National Stem Cell Centre over the next three years to undertake collaborative R&D in biotechnology, primarily aimed at the development of therapies based on human stem cells and associated technologies for tissue repair.
The NSCC is a key element of the Government’s National Biotechnology Strategy. For the past year, the centre has been generously provided with bridging finance by Monash University.
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Stem cell centre signs up for a new era in Australian biotechnology (NSCC) (40128)
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