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Emerging Technologies

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  1. Zyvex President Tours Australian R&D Centres for Nanotech Gems; Australia, Home to Global Names Such as pSividia, Starpharma, Alchemia, and Bionic Ear Maker Cochlear

SAN FRANCISCO --(Business Wire)-- Sept. 28, 2005 -- Australia, which is fast becoming a world leader in smart nanotech materials such as "invisible" coatings, and revolutionary nanobio technology, has attracted one of the US nanotech leaders to its shores in search of breakthrough technology.

According to Senior Investment Commissioner for North America Robert Hunt: "Zyvex is visiting Australia to acquaint itself first-hand with the nanotechnology market opportunities, as well as to get a more in depth knowledge of a variety of break-through research being conducted at Australian research institutions."
With 370 biotech companies (most of which are SMEs with a single product line) and 600 medical device companies Australia ranks sixth in the world. Market Capitalisation of Australian biotechs on the ASX was US$7.132 billion. Most Australia firms are spin-offs from the research sector. 70% of new firms in 2003 emerged from public research organisations Australian biotech industry employs about 6,000 employed in the sector. Biotech & Healthcare was the lead sector in attracting VC funding in 2003. Government spending on biotech R&D was A$968m and business spending on R&D was $517 million. 70 new US biotech patents were granted in year to March 2004.
Source: Zyvex President Tours Australian R&D Centres for Nanotech Gems

R&D in Biotechnology

 Manufacturing Wholesale TradeProperty & Business servicesOther industriesTotal
Number of businesses691714818252
Expenditure on R&D     
Total ($ '000)1792642493431321317041534452
As a proportion of total BERD591917
Human Resources devoted to R&D     
Total (person-years)95912316001122794
As a proportion of total human resources561427

Note: (a) Only includes R&D performers who had expenditure on biotechnology related R&D. The R&D was performed by themself and/or another.