Nanotechnology Now

Our NanoNews Digest Sponsors





Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > Trans-tasman biotech projects receive $3.8 million

Abstract:
Hon Pete Hodgson
Minister for Economic Development

Trans-tasman biotech projects receive $3.8 million

New Zealand | Posted on March 31st, 2008

Trans-tasman biotech projects receive $3.8 million

Three trans-Tasman biotechnology projects will receive a total of $3.8 million in grants under the Australia New Zealand Biotechnology Partnership Fund, Economic Development Minister Pete Hodgson announced today.

Pete Hodgson made the announcement at the NZBio Awards Dinner in Auckland. "Together, New Zealand and Australia constitute the world's fifth largest biotechnology hub. This fund capitalises on that potential, and is designed to facilitate and accelerate collaboration between New Zealand and Australian biotech companies," Pete Hodgson said.

"By helping New Zealand companies to partner with organisations in Australia, we are strengthening the position of our biotech industry locally, and increasing our presence both in the Australian and international markets."

The fund, which is administered by New Zealand Trade and Enterprise, contributes up to 25 percent of the total project costs, with the New Zealand partner contributing another 25 percent and the Australian partner making up the remaining 50 per cent.

"Grants totalling up to $10 million have previously been awarded to nine companies, covering a wide range of biotech projects including the commercialisation of bone graft technology, cancer therapy, nerve repair and a blood-typing product aimed at eradicating potentially life threatening blood transfusion reactions in Asian patients."

This year's projects are:

* NZ Agriseeds will receive $1.5m to develop designer pasture endophytes with Australian partner Molecular Plant Breeding CRC Ltd (MPBCRC). This will allow the development of new pasture grass with improved benefits such as heat tolerance, water efficiency and insect resistance.

* PGG Wrightson Genomics Limited a subsidiary of PGG Wrightson Seeds Ltd will receive $2m to co-develop new pasture grasses adapted to warmer environments with Australian partner Molecular Plant Breeding CRC Ltd (MPBCRC). The new grasses aim to have improved plant performance and reduced methane emissions and open up new market opportunities in countries affected by climate change.

* Australo Limited will receive $281,250 to develop a novel diagnostic tool with the Australian Institute of Bioengineering and Nanotechnology (AIBN), University of Queensland, aimed at detecting and measuring single biomolecules (e.g. DNA) for use in a variety of applications including virus particle detection and medical diagnostics.


"The fund provides the catalyst for new partnerships and projects that add momentum to our growing biotechnology sector.

"The Labour-led Government had made economic transformation a priority, and this fund makes a real difference to the growth of our biotech industry, returning economic benefits to New Zealand."

####

About New Zealand Government
The Australia New Zealand Biotechnology Partnership Fund (ANZBPF) is designed to facilitate and accelerate trans-Tasman biotechnology industry collaboration.

The ANZBPF supports significant trans-Tasman alliances that develop greater regional strength, sustained profitability, access to, and competitiveness in, international markets for New Zealand’s biotechnology products and services.

The ANZBPF was announced in September 2003 and opened for grant applications on 1 July 2004. The fund originally comprised $12 million (including grant and operational expenditure) to be allocated over three years (by 30 June 2007). In 2007 the government announced a further $25m for appropriation over the next five years.

This year was the first since the fund’s inception that criteria have been expanded to allow existing trans-Tasman partnerships to apply for funding for new projects.

Only New Zealand companies or organisations are eligible.

The ANZBPF is designed to compliment existing NZTE economic development services and support schemes offered by the Foundation for Research, Science and technology (FRST), Technology New Zealand (Tech NZ) and the Health Research Council (HRC). The ANZBPF will support development, marketing and manufacturing initiatives between New Zealand and Australia; it is not a research fund. NZTE may direct applicants to other NZTE, FRST or HRC schemes if the proposals received are deemed more suitable for these funds.

All dollar-figures quoted in this release are inclusive of GST.

Copyright © New Zealand Government

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Atomic Force Microscopes from Asylum Research Guide the Development of Thin Film Deposition and Etch Processes September 2nd, 2015

For 2-D boron, it's all about that base: Rice University theorists show flat boron form would depend on metal substrates September 2nd, 2015

Silk bio-ink could help advance tissue engineering with 3-D printers September 2nd, 2015

Phagraphene, a 'relative' of graphene, discovered September 2nd, 2015

Govt.-Legislation/Regulation/Funding/Policy

For 2-D boron, it's all about that base: Rice University theorists show flat boron form would depend on metal substrates September 2nd, 2015

Silk bio-ink could help advance tissue engineering with 3-D printers September 2nd, 2015

A marine creature's magic trick explained: Crystal structures on the sea sapphire's back appear differently depending on the angle of reflection September 2nd, 2015

Sustainable nanotechnology center September 1st, 2015

Announcements

For 2-D boron, it's all about that base: Rice University theorists show flat boron form would depend on metal substrates September 2nd, 2015

Silk bio-ink could help advance tissue engineering with 3-D printers September 2nd, 2015

Phagraphene, a 'relative' of graphene, discovered September 2nd, 2015

A marine creature's magic trick explained: Crystal structures on the sea sapphire's back appear differently depending on the angle of reflection September 2nd, 2015

Tools

Oxford Instruments’ Triton Cryofree dilution refrigerator selected by Oxford University for developing scalable quantum nanodevices September 2nd, 2015

JEOL Introduces New Best-in-Class Field Emission SEM September 2nd, 2015

Atomic Force Microscopes from Asylum Research Guide the Development of Thin Film Deposition and Etch Processes September 2nd, 2015

Nanolab Technologies LEAPS Forward with High-Performance Analysis Services to the World: Nanolab Orders Advanced Local Electrode Atom Probe (LEAP®) Microscope from CAMECA Unit of AMETEK Materials Analysis Division August 27th, 2015

Alliances/Trade associations/Partnerships/Distributorships

TCL and QD Vision Demonstrate the Future of Wide Color Gamut Television at IFA: Color IQ Based Display is the First Commercially-Branded Television to Present Over 90% of ITU Rec. 2020 Color Gamut September 2nd, 2015

National Space Society Welcomes Janet Ivey As New NSS Governor: Janet Ivey of Janet's Planet is NOW IN ORBIT as a member of the Board of Governors of the National Space Society August 27th, 2015

National Space Society Welcomes Geoff Notkin As New NSS Governor August 26th, 2015

XEI Scientific appoints EM Resolutions as Distributor for the UK & Irish markets August 11th, 2015

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







Car Brands
Buy website traffic