Uni-industry engagement to build biotech

Industry Group AusBiotech sets out ways to better commercialise publicly-funded research

ABt’s new  decadal strategy, includes new and better uni-industry connections;

* “tailored early research translation, and commercialisation support/advice, for the commercialisation of research from publicly funded institutions”

* a virtual Australian Commercialisation Institute, “that transcends borders, boundaries and agendas”

* incentives for companies to train leaders and for universities to encourage industry fellowships

But ABt adds a culture shift is needed;

“for those intent on a commercialisation path, an enabling culture of rewarding entrepreneurs is largely non-existent. Australia’s higher education system does not incentivise or reward experts and academics who move between academia and industry.”