BioWorld International Correspondent
SYDNEY, Australia - Two Australian states are continuing what amounts to a rivalry in biotechnology by recently announcing major, separate initiatives that add up to A$168.7 million (US$91 million) funding for biotechnology over a number of years.
The states of Queensland and Victoria both used the recent declarations of their annual state budgets to announce the initiatives. Once announced, such initiatives are rarely changed by the state parliaments.
The Queensland government announced that it had committed A$100 million to a Queensland-based venture capital fund to invest in biotechnology, with the money to be …
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