Western Australia – Like No Other
Western Australia is fast becoming a global hub for health and medical life sciences with our proximity to the growing Asian market and strong health leadership.
Our health and medical life sciences industry is rapidly growing. Since 2017, the sector has more than doubled, growing to over 100 companies. With five universities, six tertiary hospitals and 21 medical research institutes and foundations, Western Australia has a vibrant and collaborative industry that has already delivered significant results.
Western Australia biomedical capabilities
More than one third of FDA approved drugs developed in Australia come from Western Australian research. A range of exciting startups are building on this pedigree and progressing Phase 1 and 2 trials for promising new therapies.
With specialisations in areas such as personalised medicine, advanced RNA therapies, paediatric health, rare diseases, regenerative medicine, clinical trials and established CDMOs, we have excellent capacity to take your therapeutic projects from discovery through to Phase 1 trials and beyond.
We also have a thriving medtech sector with a range of innovative diagnostic, monitoring, surgical, protective and digital health products coming to market. Our medtech sector is supported by specialist manufacturing expertise, underpinned by our State’s experience in delivering remote and autonomous solutions across our vast territory.
Funding and support
The Western Australian Government is committed to the State’s burgeoning life sciences sector. In June 2020, we initiated our State’s most ambitious endeavour to support growth in this industry, by creating the Future Health Research and Innovation (FHRI) Fund, a sovereign wealth fund which is now valued at $1.7 billion.
The FHRI Fund provides a secure source of funding to drive health and medical research, innovation and commercialisation, and through these activities, improve the health and prosperity of all Western Australians.
To complement the FHRI Fund, in October 2021, we launched the State’s first-ever Health and Medical Life Sciences Industry Strategy.
The sector is further supported by the WA Life Sciences Innovation Hub, which was set up in collaboration with MTPConnect, the Western Australian Government and The University of Western Australia, to help accelerate new and growing biotech businesses.
Our new office in Austin, Texas, is your one-stop shop for connecting to the Western Australian life sciences sector. Western Australian Investment and Trade Commissioner Natasha Monks and her team will be delighted to facilitate your introduction to our outstanding health and medical innovators and researchers.
Come and say G’day to WA at the Team Australia pavilion and hear more about our sun, sand and quokkas.
Western Australia – it’s like no other.
For more information
Health and medical life sciences (investandtrade.wa.gov.au)
Health and medical life sciences industry: prospectus (www.wa.gov.au)
