The injection of a further $6 million into a NSW business innovation program will help to propel the state to the forefront of Australia’s algae-based biotechnology industry.
NSW Deputy Premier and Minister for Regional NSW and Small Business John Barilaro announced the funding for the Boosting Business Innovation Program at a showcase of the Deep Green Biotech Hub, which is based at the University of Technology Sydney (UTS).
The hub is a global centre of excellence established in July 2016 to develop commercial opportunities using algae. It is one of more than 80 projects the government has assisted through the Boosting Business Innovation Program.
The program, now worth $18 million, is allowing the state’s 11 universities and CSIRO to work more closely with business and industry to drive innovation.
Read the full story in the UTS Newsroom.