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As part of the Queensland Government's commitment to diversify and strengthen our state's economy and create high-value, knowledge-based jobs, the Queensland Biomedical 10-Year Roadmap and Action Plan (PDF icon 2.4 MB) (the Roadmap) sets out a $4 million program to support and attract biomedical enterprises.

Vision: By 2027, Queensland will be a regionally integrated and globally competitive Asia-Pacific biomedical industry hub recognised for its excellence in biomedical innovation, highly skilled professional workforce, and world-leading translational biomedical research facilities.

Queensland's biomedical industry contributes $1.44 billion to the state economy and employs more than 9000 people, with the potential to grow by almost 40% and deliver up to 3000 new jobs by 2027.

However, the challenges the industry faces accessing crucial investment, expertise and collaborative opportunities may inhibit this potential.

The Roadmap responds to the industry's request for assistance accessing the capital, skills and resources it needs to commercialise new products and compete in global markets.

Key initiatives

The Queensland Biomedical 10-Year Roadmap and Action Plan is part of the Queensland Government's $420 million Advance Queensland initiative to create knowledge-based jobs of the future for Queenslanders.

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