A WA parliamentary question on notice regarding the Western Australian Biotechnology Industry Development Strategy. It asks for a breakdown of expenditure to June 2010 and funding allocated in the 2010-11 budget, by specific project. The Minister provided a detailed breakdown, noting a reallocation of funds to the Square Kilometre Array project.

AnsweredQoN 679Legislative Council
Asked
15 September 2010
Portfolio
Science and Innovation

QuestionView source ↗

WESTERN AUSTRALIAN BIOTECHNOLOGY INDUSTRY DEVELOPMENT STRATEGY
I refer to the Western Australian biotechnology industry development strategy. (1) Can the minister outline, by specific project, how much of the $4.17 million previously allocated for this strategy’s implementation has been spent to 30 June 2010? (2) What funding, by project, was included in the government’s 2010–11 budget? Hon NORMAN MOORE

AnswerView source ↗

I thank the member for some notice of this question. This is actually quite a long answer, part of which is in tabular form. I seek leave to have the answer tabled and incorporated into Hansard . Leave granted. [See paper 2451.] The following material was incorporated — Answer I thank the Hon. Member for some notice of this question. 1. In 2007/08 the previous Government allocated $4.17 million over three years to the implementation of the Western Australian Biotechnology Industry Development Strategy. To 30 June 2010 the following has been spent on the implementation of the Strategy: Key Action/Project from Strategy Expenditure Funding the Biotechnology Pipeline — Innovation to Commercialisation Narrowing the gap in funding for early stage commercialisation of new biotechnology products and discoveries $565,000 Biodiscovery Promoting a biodiscovery industry based on Western Australia’s native terrestrial and marine biota $8,880 Infrastructure Building critical mass: assessing and addressing gaps in physical infrastructure requirements $113,250 Think Global, Act Local — Collaboration Strengthening collaboration with international, national and local biotechnology research and industry groups to build relationships and facilitate partnerships $84,300 Skilling Biotechnology — Innovation to Commercialisation Facilitating skills development for the Western Australian biotechnology industry $317,637 Promoting Western Australia Raising the international and national profile of Western Australia’s biotechnology industry to promote Western Australia’s capabilities $265,953 International Linkages Facilitating linkages between Western Australian biotechnology companies and international markets $464,700 $1,819,720 $1 million of the Western Australian Biotechnology Industry Development Strategy implementation funding was re-allocated in May 2009 to the Square Kilometre Array project. Therefore the revised total Western Australian Biotechnology Industry Development Strategy implementation budget is $3.17m. 2. The Government has allocated $175,000 funding in the 2010/11 Budget as follows: Key Action/Project from Strategy $50,000 Funding the Biotechnology Pipeline — Innovation to Commercialisation Narrowing the gap in funding for early stage commercialisation of new biotechnology products and discoveries $50,000 Skilling Biotechnology — Innovation to Commercialisation Facilitating skills development for the Western Australian biotechnology industry $125,000
(1) Can the minister outline, by specific project, how much of the $4.17 million previously allocated for this strategy’s implementation has been spent to 30 June 2010? (2) What funding, by project, was included in the government’s 2010–11 budget? Hon NORMAN MOORE replied: I thank the member for some notice of this question. This is actually quite a long answer, part of which is in tabular form. I seek leave to have the answer tabled and incorporated into Hansard . Leave granted. [See paper 2451.] The following material was incorporated — Answer I thank the Hon. Member for some notice of this question. 1. In 2007/08 the previous Government allocated $4.17 million over three years to the implementation of the Western Australian Biotechnology Industry Development Strategy. To 30 June 2010 the following has been spent on the implementation of the Strategy: Key Action/Project from Strategy Expenditure Funding the Biotechnology Pipeline — Innovation to Commercialisation Narrowing the gap in funding for early stage commercialisation of new biotechnology products and discoveries $565,000 Biodiscovery Promoting a biodiscovery industry based on Western Australia’s native terrestrial and marine biota $8,880 Infrastructure Building critical mass: assessing and addressing gaps in physical infrastructure requirements $113,250 Think Global, Act Local — Collaboration Strengthening collaboration with international, national and local biotechnology research and industry groups to build relationships and facilitate partnerships $84,300 Skilling Biotechnology — Innovation to Commercialisation Facilitating skills development for the Western Australian biotechnology industry $317,637 Promoting Western Australia Raising the international and national profile of Western Australia’s biotechnology industry to promote Western Australia’s capabilities $265,953 International Linkages Facilitating linkages between Western Australian biotechnology companies and international markets $464,700 $1,819,720 $1 million of the Western Australian Biotechnology Industry Development Strategy implementation funding was re-allocated in May 2009 to the Square Kilometre Array project. Therefore the revised total Western Australian Biotechnology Industry Development Strategy implementation budget is $3.17m. 2. The Government has allocated $175,000 funding in the 2010/11 Budget as follows: Key Action/Project from Strategy $50,000 Funding the Biotechnology Pipeline — Innovation to Commercialisation Narrowing the gap in funding for early stage commercialisation of new biotechnology products and discoveries $50,000 Skilling Biotechnology — Innovation to Commercialisation Facilitating skills development for the Western Australian biotechnology industry $125,000
(2) What funding, by project, was included in the government’s 2010–11 budget? Hon NORMAN MOORE replied: I thank the member for some notice of this question. This is actually quite a long answer, part of which is in tabular form. I seek leave to have the answer tabled and incorporated into Hansard . Leave granted. [See paper 2451.] The following material was incorporated — Answer I thank the Hon. Member for some notice of this question. 1. In 2007/08 the previous Government allocated $4.17 million over three years to the implementation of the Western Australian Biotechnology Industry Development Strategy. To 30 June 2010 the following has been spent on the implementation of the Strategy: Key Action/Project from Strategy Expenditure Funding the Biotechnology Pipeline — Innovation to Commercialisation Narrowing the gap in funding for early stage commercialisation of new biotechnology products and discoveries $565,000 Biodiscovery Promoting a biodiscovery industry based on Western Australia’s native terrestrial and marine biota $8,880 Infrastructure Building critical mass: assessing and addressing gaps in physical infrastructure requirements $113,250 Think Global, Act Local — Collaboration Strengthening collaboration with international, national and local biotechnology research and industry groups to build relationships and facilitate partnerships $84,300 Skilling Biotechnology — Innovation to Commercialisation Facilitating skills development for the Western Australian biotechnology industry $317,637 Promoting Western Australia Raising the international and national profile of Western Australia’s biotechnology industry to promote Western Australia’s capabilities $265,953 International Linkages Facilitating linkages between Western Australian biotechnology companies and international markets $464,700 $1,819,720 $1 million of the Western Australian Biotechnology Industry Development Strategy implementation funding was re-allocated in May 2009 to the Square Kilometre Array project. Therefore the revised total Western Australian Biotechnology Industry Development Strategy implementation budget is $3.17m. 2. The Government has allocated $175,000 funding in the 2010/11 Budget as follows: Key Action/Project from Strategy $50,000 Funding the Biotechnology Pipeline — Innovation to Commercialisation Narrowing the gap in funding for early stage commercialisation of new biotechnology products and discoveries $50,000 Skilling Biotechnology — Innovation to Commercialisation Facilitating skills development for the Western Australian biotechnology industry $125,000
Hon NORMAN MOORE replied: I thank the member for some notice of this question. This is actually quite a long answer, part of which is in tabular form. I seek leave to have the answer tabled and incorporated into Hansard . Leave granted. [See paper 2451.] The following material was incorporated — Answer I thank the Hon. Member for some notice of this question. 1. In 2007/08 the previous Government allocated $4.17 million over three years to the implementation of the Western Australian Biotechnology Industry Development Strategy. To 30 June 2010 the following has been spent on the implementation of the Strategy: Key Action/Project from Strategy Expenditure Funding the Biotechnology Pipeline — Innovation to Commercialisation Narrowing the gap in funding for early stage commercialisation of new biotechnology products and discoveries $565,000 Biodiscovery Promoting a biodiscovery industry based on Western Australia’s native terrestrial and marine biota $8,880 Infrastructure Building critical mass: assessing and addressing gaps in physical infrastructure requirements $113,250 Think Global, Act Local — Collaboration Strengthening collaboration with international, national and local biotechnology research and industry groups to build relationships and facilitate partnerships $84,300 Skilling Biotechnology — Innovation to Commercialisation Facilitating skills development for the Western Australian biotechnology industry $317,637 Promoting Western Australia Raising the international and national profile of Western Australia’s biotechnology industry to promote Western Australia’s capabilities $265,953 International Linkages Facilitating linkages between Western Australian biotechnology companies and international markets $464,700 $1,819,720 $1 million of the Western Australian Biotechnology Industry Development Strategy implementation funding was re-allocated in May 2009 to the Square Kilometre Array project. Therefore the revised total Western Australian Biotechnology Industry Development Strategy implementation budget is $3.17m. 2. The Government has allocated $175,000 funding in the 2010/11 Budget as follows: Key Action/Project from Strategy $50,000 Funding the Biotechnology Pipeline — Innovation to Commercialisation Narrowing the gap in funding for early stage commercialisation of new biotechnology products and discoveries $50,000 Skilling Biotechnology — Innovation to Commercialisation Facilitating skills development for the Western Australian biotechnology industry $125,000
I thank the member for some notice of this question. This is actually quite a long answer, part of which is in tabular form. I seek leave to have the answer tabled and incorporated into Hansard . Leave granted. [See paper 2451.] The following material was incorporated — Answer I thank the Hon. Member for some notice of this question. 1. In 2007/08 the previous Government allocated $4.17 million over three years to the implementation of the Western Australian Biotechnology Industry Development Strategy. To 30 June 2010 the following has been spent on the implementation of the Strategy: Key Action/Project from Strategy Expenditure Funding the Biotechnology Pipeline — Innovation to Commercialisation Narrowing the gap in funding for early stage commercialisation of new biotechnology products and discoveries $565,000 Biodiscovery Promoting a biodiscovery industry based on Western Australia’s native terrestrial and marine biota $8,880 Infrastructure Building critical mass: assessing and addressing gaps in physical infrastructure requirements $113,250 Think Global, Act Local — Collaboration Strengthening collaboration with international, national and local biotechnology research and industry groups to build relationships and facilitate partnerships $84,300 Skilling Biotechnology — Innovation to Commercialisation Facilitating skills development for the Western Australian biotechnology industry $317,637 Promoting Western Australia Raising the international and national profile of Western Australia’s biotechnology industry to promote Western Australia’s capabilities $265,953 International Linkages Facilitating linkages between Western Australian biotechnology companies and international markets $464,700 $1,819,720 $1 million of the Western Australian Biotechnology Industry Development Strategy implementation funding was re-allocated in May 2009 to the Square Kilometre Array project. Therefore the revised total Western Australian Biotechnology Industry Development Strategy implementation budget is $3.17m. 2. The Government has allocated $175,000 funding in the 2010/11 Budget as follows: Key Action/Project from Strategy $50,000 Funding the Biotechnology Pipeline — Innovation to Commercialisation Narrowing the gap in funding for early stage commercialisation of new biotechnology products and discoveries $50,000 Skilling Biotechnology — Innovation to Commercialisation Facilitating skills development for the Western Australian biotechnology industry $125,000
This is actually quite a long answer, part of which is in tabular form. I seek leave to have the answer tabled and incorporated into Hansard . Leave granted. [See paper 2451.] The following material was incorporated — Answer I thank the Hon. Member for some notice of this question. 1. In 2007/08 the previous Government allocated $4.17 million over three years to the implementation of the Western Australian Biotechnology Industry Development Strategy. To 30 June 2010 the following has been spent on the implementation of the Strategy: Key Action/Project from Strategy Expenditure Funding the Biotechnology Pipeline — Innovation to Commercialisation Narrowing the gap in funding for early stage commercialisation of new biotechnology products and discoveries $565,000 Biodiscovery Promoting a biodiscovery industry based on Western Australia’s native terrestrial and marine biota $8,880 Infrastructure Building critical mass: assessing and addressing gaps in physical infrastructure requirements $113,250 Think Global, Act Local — Collaboration Strengthening collaboration with international, national and local biotechnology research and industry groups to build relationships and facilitate partnerships $84,300 Skilling Biotechnology — Innovation to Commercialisation Facilitating skills development for the Western Australian biotechnology industry $317,637 Promoting Western Australia Raising the international and national profile of Western Australia’s biotechnology industry to promote Western Australia’s capabilities $265,953 International Linkages Facilitating linkages between Western Australian biotechnology companies and international markets $464,700 $1,819,720 $1 million of the Western Australian Biotechnology Industry Development Strategy implementation funding was re-allocated in May 2009 to the Square Kilometre Array project. Therefore the revised total Western Australian Biotechnology Industry Development Strategy implementation budget is $3.17m. 2. The Government has allocated $175,000 funding in the 2010/11 Budget as follows: Key Action/Project from Strategy $50,000 Funding the Biotechnology Pipeline — Innovation to Commercialisation Narrowing the gap in funding for early stage commercialisation of new biotechnology products and discoveries $50,000 Skilling Biotechnology — Innovation to Commercialisation Facilitating skills development for the Western Australian biotechnology industry $125,000
Leave granted. [See paper 2451.] The following material was incorporated — Answer I thank the Hon. Member for some notice of this question. 1. In 2007/08 the previous Government allocated $4.17 million over three years to the implementation of the Western Australian Biotechnology Industry Development Strategy. To 30 June 2010 the following has been spent on the implementation of the Strategy: Key Action/Project from Strategy Expenditure Funding the Biotechnology Pipeline — Innovation to Commercialisation Narrowing the gap in funding for early stage commercialisation of new biotechnology products and discoveries $565,000 Biodiscovery Promoting a biodiscovery industry based on Western Australia’s native terrestrial and marine biota $8,880 Infrastructure Building critical mass: assessing and addressing gaps in physical infrastructure requirements $113,250 Think Global, Act Local — Collaboration Strengthening collaboration with international, national and local biotechnology research and industry groups to build relationships and facilitate partnerships $84,300 Skilling Biotechnology — Innovation to Commercialisation Facilitating skills development for the Western Australian biotechnology industry $317,637 Promoting Western Australia Raising the international and national profile of Western Australia’s biotechnology industry to promote Western Australia’s capabilities $265,953 International Linkages Facilitating linkages between Western Australian biotechnology companies and international markets $464,700 $1,819,720 $1 million of the Western Australian Biotechnology Industry Development Strategy implementation funding was re-allocated in May 2009 to the Square Kilometre Array project. Therefore the revised total Western Australian Biotechnology Industry Development Strategy implementation budget is $3.17m. 2. The Government has allocated $175,000 funding in the 2010/11 Budget as follows: Key Action/Project from Strategy $50,000 Funding the Biotechnology Pipeline — Innovation to Commercialisation Narrowing the gap in funding for early stage commercialisation of new biotechnology products and discoveries $50,000 Skilling Biotechnology — Innovation to Commercialisation Facilitating skills development for the Western Australian biotechnology industry $125,000
The following material was incorporated — Answer I thank the Hon. Member for some notice of this question. 1. In 2007/08 the previous Government allocated $4.17 million over three years to the implementation of the Western Australian Biotechnology Industry Development Strategy. To 30 June 2010 the following has been spent on the implementation of the Strategy: Key Action/Project from Strategy Expenditure Funding the Biotechnology Pipeline — Innovation to Commercialisation Narrowing the gap in funding for early stage commercialisation of new biotechnology products and discoveries $565,000 Biodiscovery Promoting a biodiscovery industry based on Western Australia’s native terrestrial and marine biota $8,880 Infrastructure Building critical mass: assessing and addressing gaps in physical infrastructure requirements $113,250 Think Global, Act Local — Collaboration Strengthening collaboration with international, national and local biotechnology research and industry groups to build relationships and facilitate partnerships $84,300 Skilling Biotechnology — Innovation to Commercialisation Facilitating skills development for the Western Australian biotechnology industry $317,637 Promoting Western Australia Raising the international and national profile of Western Australia’s biotechnology industry to promote Western Australia’s capabilities $265,953 International Linkages Facilitating linkages between Western Australian biotechnology companies and international markets $464,700 $1,819,720 $1 million of the Western Australian Biotechnology Industry Development Strategy implementation funding was re-allocated in May 2009 to the Square Kilometre Array project. Therefore the revised total Western Australian Biotechnology Industry Development Strategy implementation budget is $3.17m. 2. The Government has allocated $175,000 funding in the 2010/11 Budget as follows: Key Action/Project from Strategy $50,000 Funding the Biotechnology Pipeline — Innovation to Commercialisation Narrowing the gap in funding for early stage commercialisation of new biotechnology products and discoveries $50,000 Skilling Biotechnology — Innovation to Commercialisation Facilitating skills development for the Western Australian biotechnology industry $125,000
Answer I thank the Hon. Member for some notice of this question. 1. In 2007/08 the previous Government allocated $4.17 million over three years to the implementation of the Western Australian Biotechnology Industry Development Strategy. To 30 June 2010 the following has been spent on the implementation of the Strategy: Key Action/Project from Strategy Expenditure Funding the Biotechnology Pipeline — Innovation to Commercialisation Narrowing the gap in funding for early stage commercialisation of new biotechnology products and discoveries $565,000 Biodiscovery Promoting a biodiscovery industry based on Western Australia’s native terrestrial and marine biota $8,880 Infrastructure Building critical mass: assessing and addressing gaps in physical infrastructure requirements $113,250 Think Global, Act Local — Collaboration Strengthening collaboration with international, national and local biotechnology research and industry groups to build relationships and facilitate partnerships $84,300 Skilling Biotechnology — Innovation to Commercialisation Facilitating skills development for the Western Australian biotechnology industry $317,637 Promoting Western Australia Raising the international and national profile of Western Australia’s biotechnology industry to promote Western Australia’s capabilities $265,953 International Linkages Facilitating linkages between Western Australian biotechnology companies and international markets $464,700 $1,819,720 $1 million of the Western Australian Biotechnology Industry Development Strategy implementation funding was re-allocated in May 2009 to the Square Kilometre Array project. Therefore the revised total Western Australian Biotechnology Industry Development Strategy implementation budget is $3.17m. 2. The Government has allocated $175,000 funding in the 2010/11 Budget as follows: Key Action/Project from Strategy $50,000 Funding the Biotechnology Pipeline — Innovation to Commercialisation Narrowing the gap in funding for early stage commercialisation of new biotechnology products and discoveries $50,000 Skilling Biotechnology — Innovation to Commercialisation Facilitating skills development for the Western Australian biotechnology industry $125,000
Answer I thank the Hon. Member for some notice of this question. 1. In 2007/08 the previous Government allocated $4.17 million over three years to the implementation of the Western Australian Biotechnology Industry Development Strategy. To 30 June 2010 the following has been spent on the implementation of the Strategy: Key Action/Project from Strategy Expenditure Funding the Biotechnology Pipeline — Innovation to Commercialisation Narrowing the gap in funding for early stage commercialisation of new biotechnology products and discoveries $565,000 Biodiscovery Promoting a biodiscovery industry based on Western Australia’s native terrestrial and marine biota $8,880 Infrastructure Building critical mass: assessing and addressing gaps in physical infrastructure requirements $113,250 Think Global, Act Local — Collaboration Strengthening collaboration with international, national and local biotechnology research and industry groups to build relationships and facilitate partnerships $84,300 Skilling Biotechnology — Innovation to Commercialisation Facilitating skills development for the Western Australian biotechnology industry $317,637 Promoting Western Australia Raising the international and national profile of Western Australia’s biotechnology industry to promote Western Australia’s capabilities $265,953 International Linkages Facilitating linkages between Western Australian biotechnology companies and international markets $464,700 $1,819,720 $1 million of the Western Australian Biotechnology Industry Development Strategy implementation funding was re-allocated in May 2009 to the Square Kilometre Array project. Therefore the revised total Western Australian Biotechnology Industry Development Strategy implementation budget is $3.17m. 2. The Government has allocated $175,000 funding in the 2010/11 Budget as follows: Key Action/Project from Strategy $50,000 Funding the Biotechnology Pipeline — Innovation to Commercialisation Narrowing the gap in funding for early stage commercialisation of new biotechnology products and discoveries $50,000 Skilling Biotechnology — Innovation to Commercialisation Facilitating skills development for the Western Australian biotechnology industry $125,000
I thank the Hon. Member for some notice of this question. 1. In 2007/08 the previous Government allocated $4.17 million over three years to the implementation of the Western Australian Biotechnology Industry Development Strategy. To 30 June 2010 the following has been spent on the implementation of the Strategy: Key Action/Project from Strategy Expenditure Funding the Biotechnology Pipeline — Innovation to Commercialisation Narrowing the gap in funding for early stage commercialisation of new biotechnology products and discoveries $565,000 Biodiscovery Promoting a biodiscovery industry based on Western Australia’s native terrestrial and marine biota $8,880 Infrastructure Building critical mass: assessing and addressing gaps in physical infrastructure requirements $113,250 Think Global, Act Local — Collaboration Strengthening collaboration with international, national and local biotechnology research and industry groups to build relationships and facilitate partnerships $84,300 Skilling Biotechnology — Innovation to Commercialisation Facilitating skills development for the Western Australian biotechnology industry $317,637 Promoting Western Australia Raising the international and national profile of Western Australia’s biotechnology industry to promote Western Australia’s capabilities $265,953 International Linkages Facilitating linkages between Western Australian biotechnology companies and international markets $464,700 $1,819,720 $1 million of the Western Australian Biotechnology Industry Development Strategy implementation funding was re-allocated in May 2009 to the Square Kilometre Array project. Therefore the revised total Western Australian Biotechnology Industry Development Strategy implementation budget is $3.17m. 2. The Government has allocated $175,000 funding in the 2010/11 Budget as follows: Key Action/Project from Strategy $50,000 Funding the Biotechnology Pipeline — Innovation to Commercialisation Narrowing the gap in funding for early stage commercialisation of new biotechnology products and discoveries $50,000 Skilling Biotechnology — Innovation to Commercialisation Facilitating skills development for the Western Australian biotechnology industry $125,000
1. In 2007/08 the previous Government allocated $4.17 million over three years to the implementation of the Western Australian Biotechnology Industry Development Strategy. To 30 June 2010 the following has been spent on the implementation of the Strategy: Key Action/Project from Strategy Expenditure Funding the Biotechnology Pipeline — Innovation to Commercialisation Narrowing the gap in funding for early stage commercialisation of new biotechnology products and discoveries $565,000 Biodiscovery Promoting a biodiscovery industry based on Western Australia’s native terrestrial and marine biota $8,880 Infrastructure Building critical mass: assessing and addressing gaps in physical infrastructure requirements $113,250 Think Global, Act Local — Collaboration Strengthening collaboration with international, national and local biotechnology research and industry groups to build relationships and facilitate partnerships $84,300 Skilling Biotechnology — Innovation to Commercialisation Facilitating skills development for the Western Australian biotechnology industry $317,637 Promoting Western Australia Raising the international and national profile of Western Australia’s biotechnology industry to promote Western Australia’s capabilities $265,953 International Linkages Facilitating linkages between Western Australian biotechnology companies and international markets $464,700 $1,819,720 $1 million of the Western Australian Biotechnology Industry Development Strategy implementation funding was re-allocated in May 2009 to the Square Kilometre Array project. Therefore the revised total Western Australian Biotechnology Industry Development Strategy implementation budget is $3.17m. 2. The Government has allocated $175,000 funding in the 2010/11 Budget as follows: Key Action/Project from Strategy $50,000 Funding the Biotechnology Pipeline — Innovation to Commercialisation Narrowing the gap in funding for early stage commercialisation of new biotechnology products and discoveries $50,000 Skilling Biotechnology — Innovation to Commercialisation Facilitating skills development for the Western Australian biotechnology industry $125,000
Key Action/Project from Strategy Expenditure Funding the Biotechnology Pipeline — Innovation to Commercialisation Narrowing the gap in funding for early stage commercialisation of new biotechnology products and discoveries $565,000 Biodiscovery Promoting a biodiscovery industry based on Western Australia’s native terrestrial and marine biota $8,880 Infrastructure Building critical mass: assessing and addressing gaps in physical infrastructure requirements $113,250 Think Global, Act Local — Collaboration Strengthening collaboration with international, national and local biotechnology research and industry groups to build relationships and facilitate partnerships $84,300 Skilling Biotechnology — Innovation to Commercialisation Facilitating skills development for the Western Australian biotechnology industry $317,637 Promoting Western Australia Raising the international and national profile of Western Australia’s biotechnology industry to promote Western Australia’s capabilities $265,953 International Linkages Facilitating linkages between Western Australian biotechnology companies and international markets $464,700 $1,819,720
Key Action/Project from Strategy $50,000 Funding the Biotechnology Pipeline — Innovation to Commercialisation Narrowing the gap in funding for early stage commercialisation of new biotechnology products and discoveries $50,000 Skilling Biotechnology — Innovation to Commercialisation Facilitating skills development for the Western Australian biotechnology industry $125,000

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