Jumar Bioincubator has become Australia's latest biotech incubator.
On opening its doors, Jumar unveiled the first 16 pioneering early-stage ventures that will be based there.
The incubator is designed as a premier hub for biotech innovation, focusing on translating research into commercial applications and nurturing talent to advance treatments for real-world patient needs.
The launch event featured key figures from founding partners including CSL, the Walter and Eliza Hall Institute (WEHI), and The University of Melbourne.
“Successfully translating medical research into new therapies or technologies can be a long and arduous process," said SVP chief scientific officer and CSL head of research Dr Andrew Nash.
"As a home-grown success story that is a leader on the global stage, CSL recognises our responsibility – and is deeply committed to supporting the promising young biotech’s coming out of Australia. Together with our partners at WEHI and the University of Melbourne we are delighted to offer this support from CSL’s Global Headquarters in Melbourne, and hope to foster the development of more great companies in the future.”
It also saw participation from initial investor Breakthrough Victoria and the facility's operator, Cicada Innovations.
“Australia is the birthplace of a wide variety of transformative household-name medical innovations, such as the ultrasound, pacemakers, spray-on skin, the cochlear implant, the cervical cancer vaccine and more,” Cicada Innovations CEO Sally-Ann Williams said.
“We must continue to facilitate research commercialisation and translation in these critical fields, by providing biomedical scientists and researchers with access to the knowledge and skills needed to build ‘born global’ biotech companies right here on shore. We are proud to be working with three of Victoria’s most distinguished entities spanning industry, research, and academia to help catalyse growth in commercial biotech outcomes for Australia and, in turn, the world.”
Collaboration is key
Ken Jefford, managing director of research, innovation and commercialisation at the University of Melbourne, emphasised the significance of deep collaboration among academia, research institutes, industry and innovation ecosystem partners. He noted that such collaborations are crucial for enhancing the global impact of research.
“By nurturing the next wave of biotech entrepreneurs, Jumar Bioincubator is helping to take the most exciting ideas out of research laboratories and into the world, for the benefit of our communities. Jumar bridges a key gap in our biomedical ecosystem, with world-class research facilities and expert commercialisation support to empower our scientist-entrepreneurs. We need to accelerate the translation of innovative Australian discoveries into the new treatments, diagnostics and devices that can have the greatest impact on global human health – and Jumar is a vital step forward for this,” WEHI director Professor Doug Hilton AO said.
Jumar's mission is to cultivate a new generation of entrepreneurially skilled scientists, aiming to replicate the success of entities like CSL by leveraging local talent and capabilities. The incubator supports biotech startups that are developing innovative health solutions, thereby facilitating the translation of leading-edge research into tangible patient outcomes.