Synthetic biology advances to generate $30B opportunity for Australia
A new report by CSIRO and Main Sequence Ventures charts Australia’s progress against ten recommendations put forward in the National Synthetic Biology Roadmap.
Source: csiro.au
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CSIRO and Main Sequence project $30b and 50k jobs for Australia by 2040
CSIRO and Main Sequence have released an updated roadmap showing synthetic biology (SynBio) could unlock over $30B in revenue and 50,000 new jobs for Australia by 2040.
Source: dynamicbusiness.com
Why Australia is ripe for VC
Over the past couple of decades, Australia, an island continent of 26 million that became rich by, among other things, mining natural resources, has developed into a modern powerhouse that actively works to foster a dynamic tech and startup scene. To fully capitalize on that progress, Australian startups will have to overcome challenges like shortage of access to late-stage capital and a scarcity of executives with scale-up experience. Australia is shaped just as much by its peoples as it is by its industry.
Source: yahoo.com
Australian investors say capital limitations push founders to 'new heights of creativity'
This is part of a survey of investors focused on Australia and New Zealand. The following responses are from the Australian investors.
Source: techcrunch.com
CSIRO-backed Main Sequence hits $1bn in total funds
Raises $450 million in third funding round.
Source: digitalnationaus.com.au