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Friday, 26 May 2017
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About Queensland

 

For a number of years now, Australia - and more specifically Queensland - has become the destination of choice for foreign investors looking to conduct clinical trials in the Asia-Pacific Region. Australia is commonly seen as a 'stepping-stone' to US and European markets and an excellent place for bridging trials for the Asian Market. Much of this can be attributed to Australia's geographical location, its multicultural population and strong ties with neighboring Asian countries.

In terms of geography, Australia is the world's 6th largest country accounting for 5 percent of the world's land mass1.

In recent years, the life sciences industry in Queensland has been fuelled by significant support and investment from both the Queensland State Government and the Australian Federal Government.

The State Government has recognised that the life sciences industry is central to building a strong and diverse economy for Queensland. Thus, as part of its Smart State and 'Towards Q2: Tomorrow's Queensland' strategies, it has invested AU$3.4 billion over the past decade in innovation, R&D and technology to drive Queensland's economy.
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1 Australian Government - Geoscience Australia (2011)

 

Queensland is located in the northeast corner of the Australian continent and comprises approximately 22.5 per cent of the Australian land mass. Queensland covers an area which is more than seven times the size of the United Kingdom and 2.5 times the size of Texas, USA.

4.6 million people - roughly 20 per cent of Australia’s estimated population of 22.9 million - reside in Queensland. Of these, two-thirds of Queensland’s residents are located in the southeast corner of the State and enjoy a subtropical climate whilst northern cities, such as Cairns and Townsville, enjoy a tropical climate. The people of Queensland enjoy an outdoor lifestyle with world class beaches and waterways, national parks, rainforests and tropical reefs. The pleasant climate (average summer temperatures of 25 degrees Celsius, average winter temperatures of 15 degrees Celsius) means that Queenslanders enjoy more winter sunshine and warmth than most other Australian states.

Queensland is a leading state economy and has driven Australia’s economic growth for more than 20 years through its mining, agricultural and tourism industries, and more recently our knowledge-based economy.

"Queensland has proven itself to be highly resilient in the face of the global economic crisis, continuing to grow at a pace outstripping other Australian states. Queensland contributed around 20 per cent of the Australian economy with international exports of over AU$52.1 billion in 2009-2010".

Queensland also has Australia’s most advanced and competitive life sciences industry sector and quite possibly the healthiest life sciences industry in the Asia-Pacific region. The State Government has recognised that the life sciences industry is central to building a strong and diverse economy for Queensland.

Since 1998, the State government has "invested more than AU$5.1 billion" in "science and technology, research and development (R&D), innovation and commercialisation" strategies to drive Queensland’s economy.

Queensland also has a reputation of being strongly supportive of the national legislative and regulatory environments, which help create a positive biotechnology business environment in Australia. The State has gone further than any other Australian state or territory by establishing a Code of Ethical Practice for Biotechnology in Queensland and the Biodiscovery Act 2004 (Qld), to ensure sustainable, streamlined access to Queensland’s megabiodiversity.

These regulatory initiatives, along with the Gene Technology Act 2001 (Qld) and the Research Involving Human Embryos and Prohibition of Human Cloning Act 2003 (Qld), are meeting Queensland’s research, industry and community expectations by creating a positive business environment in biotechnology.

 Information is taken from the 2013 LSQ Member Directory. 


                                                                    Queensland Life Sciences  |  Great state. Great Opportunity.

Source: Queensland Government.