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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 1.2 MB) sets out a $4 million program to support and attract biomedical enterprises.

Our 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.

The Queensland Biomedical 10-Year Roadmap and Action Plan is supporting and developing our state's growing biomedical sector through key strategies:

Queensland's biomedical sector at a glance

Why invest in Queensland biomedical industry?

Pro industry

  • World-class biomedical ecosystem
  • Fast, pragmatic regulatory pathway with rapid ethics approval
  • Clinical data complies with top international standards
  • Superior scientific talent and excellent research and medical infrastructure

Education

  • World-class training, teaching and research facilities
  • Highly skilled workforce with strong technical and academic collaboration
  • Brain gain: many Queenslanders have returned home with experience in international markets

Lifestyle

  • Enviable, relaxed lifestyle and world-famous natural attractions
  • Lowest median house price in a capital city on the east coast
  • Average of 300 days of sunshine annually

Population

  • Over 5 million residents with strong population growth and immigration from other states

Pro business

  • Very competitive business costs
  • Low payroll tax (4.75%), high exemption threshold (A$1.1 million)
  • Stable economic and political environment and the most decentralised of mainland Australian states
  • Over 27 years of economic growth in Queensland and Australia

Location

  • Strategic location at the crossroads of the fast-growing Asia-Pacific region
  • Five international passenger airports with direct connectivity to global markets
  • Advantageous time zone within two hours of many major Asian capital cities

Queensland biomedical industry strengths

Queensland is home to a cluster of agile, innovative and entrepreneurial biomedical businesses. Our pre-clinical and early-phase clinical trial capabilities are underpinned by a world-class research base and state-of-the-art translational facilities.

Existing strengths and emerging capabilities include:

Industry support

We can help your business

Strong support from the peak industry body

Further information

Funding and support (PDF icon 5.7 MB) is available for biomedical businesses through the Australian and Queensland governments to help you develop your innovation and grow your business.

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