Home » News » Government commitment to pioneer in the life sciences industry by investing into research and development

Government commitment to pioneer in the life sciences industry by investing into research and development

In 2016 the Johnson & Johnson Partnering Office was launched to enable innovative research and development (R&D) for Queensland’s life sciences industry. The R&D facility is housed at Queensland University of Technology’s (QUT) Institute of Health and Biomedical Innovation. The R&D centre serves as a strong platform to identify and nurture life science and research collaborations.

Following on from the launch in 2016, the Queensland government has now announced a significant extension of the Johnson & Johnston R&D Office at QUT, which supports the commercialisation of health technology research.

The state government is providing funding for the three year extension through its Advance Queensland grant program. The extension aims to help deliver new products to the worldwide market, supporting emerging pharmaceutical, medical device and consumer healthcare start-up businesses and researchers across Queensland.

The Government is committed to the research project and optimistic that it will pioneer in the life sciences industry and will support jobs to feed into one of the government’s key priorities to create jobs in a strong economy.

Innovative industries and companies are greatly supported by the government and can be eligible to receive an R&D Tax Incentive. Swanson Reed R&D Tax Consultants help companies to claim this incentive and help ensure that companies receive the maximum eligible amount. If your company is developing novel solutions, take our online eligibility quiz to find out whether you qualify for a tax rebate.