The Victorian government has set aside AU$320 million over four years to boost biotechnology and scientific research, with the intention of becoming one of the top five bio-tech centres in the world by 2010.
Queensland has announced a AU$15 million fund to entice high-tech research.
Both governments announced their seperate strategies at a biotechnology conference in United States.
-The Biotechnology Strategic Development Plan" will focus on building a pool of skilled people in science, new product development and commercialisation. It will also expand Victoria's science and research infrastructure, according to Victorian Premier Steve Bracks.
It's release follows the government's decision to build a AU$157 million synchrotron.
-Biotechnology shows every sign of becoming a global revolution as it transforms our lives, our health and our environment," Bracks said.
The government's key focus of the plan is to attract international biotechnology research and commercialisation leaders to the state.
-The government recognises that we cannot act alone if our goal of being one of the top five biotechnology locations is to be achieved," the State and Regional Development Minister, John Brumby said.
