Regenerative Medicine Industry Interface – a new industry collaboration in Victoria

Announcing RMI2 The Regenerative Medicine Industry Interface

Regenerative Medicine

  • An emerging field of medical science, regenerative medicine incorporates the use of cells, factors, and other biological building blocks, along with bioengineered materials and technologies for widespread clinical applications.
  • Applications of focus include neurodegenerative disorders, diabetes, arthritis, musculo-skeletal targets and cardiovascular diseases.
  • The regenerative medicine global market is valued at around $16.4 billion and is predicted to grow 23.2% a year, reaching approximately $65.5 billion in 2020, largely driven by technological advancements in stem cell and tissue engineering therapy.
  •  As one of the world’s largest regenerative medicine and stem cell research hubs, the Australian Regenerative Medicine Institute (ARMI) in partnership with Monash and Melbourne Universities, the BioMelbourne Network and Industry Partners, will establish a consortium that secures opportunities in Australia through research excellence, highly skilled workforce and a globally connected platform for commercialisation and investment.

The Regenerative Medicine Industry Interface (RMI2) is a consortium that brings together

  • Basic and applied research capability (Australian Regenerative Medicine Institute at Monash University, CSIRO, The University of Melbourne) together with industry and networking associations (BioMelbourne Network, BioMedVic, AusBiotech) and an international technology transfer hub in partnership with the regenerative medicine industry.
  • Access to high calibre research students through the Monash University Graduate Research Industry Program (GRIP) for PhD students and Monash University Business School for Executive MBA students.
  • Commercialisation expertise and international access through a satellite hub of the Centre for Commercialisation of Regenerative Medicine (CCRM).

Indicative programs:

  • Training program: workshops and professional development activities across the network
  • Supportive/productive industry academic interaction
  • Support for international connections
    • Bringing together participants to collaborate with multinationals
  • Drive sector towards best practice in sector innovation
  • Collaboration on demonstration projects for manufacturing innovation: product & process development/improvement projects



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