Premier releases draft biotechnology strategic development plan

The Premier, Steve Bracks, said he expected Victoria would be internationally recognised as one of the top five biotechnology locations in the world by 2010.

Mr Bracks said this was the vision outlined in the draft "Biotechnology Strategic Development Plan for Victoria", launched at The Biotechnology Revolution forum in Melbourne.

"Last year's World Economic Forum in Melbourne highlighted the commercialisation of biotechnology as one of the most significant social and economic challenges - and opportunities - facing the world," the Premier said.

"This plan will provide the framework for the development of a vibrant and successful biotechnology sector in Victoria, creating wealth and new high skill jobs for Victorians. It will help us achieve our goal of making Victoria the Knowledge Capital of the Knowledge Nation."

The Minister for State and Regional Development, John Brumby, said his department would be responsible for researching and publishing the draft strategic plan.

"We think this draft, together with other Government initiatives such as appointing a Biotechnology Ambassador, our Technology Commercialisation Program, and our support of organisations like the Australian Biotechnology Association, are the way to move forward.

The draft identified five key action areas to build on Victoria's biotechnology capabilities:

After industry and public comment the final plan will released in time to showcase Victoria's capabilities at one of the largest international biotechnology convention and exhibitions - BIO2001, in San Diego in June.