The BioMelbourne Network was established in February 2001 by the Committee for Melbourne, following a report from the Boston Consulting Group (BCG) on the Victorian Biotechnology industry. BCG found that although Victoria hosted a well developed research and development base, an important expertise gap was present and threatening the development of ongoing international commercial opportunities.
The Committee for Melbourne and the newly formed BioMelbourne Network were successful in securing a three year establishment grant from the State Government of Victoria in late 2002. This grant provided the critical funding to launch the BioMelbourne Network as an independent industry led membership organisation.
On 1st July, 2003, the BioMelbourne Network was established as an Incorporated Association, as a “not for profit” Industry Association under the Associations Incorporation Reform Act 2012, and began recruiting members. The Network is now funded by its membership and networking activities and has been financially independent since 2005.
Another Initiative from the Committee for Melbourne
To find out more about Committee for Melbourne, check out the Committee for Melbourne website.