Science technology and innovation
Biotechnology plays an important role in the Victorian economy. The Department supports this industry through initiatives outlined in Victoria's Technology Plan for the Future – Biotechnology – a $55 million plan that will help position the biotechnology sector for the next stage of growth.
These initiatives aim to support the growth of internationally competitive and recognised biotechnology and medical devices companies to attract life sciences related investment into the State and to provide opportunities for Victorian companies to explore export opportunities.
Additionally, the Department delivers initiatives designed to build the commercial, business and technical skills of Victoria's biotechnology workforce so that companies can continue to attract and retain highly skilled people.
Clean technology is a collection of commercial technologies, products, services and processes that measure, reduce, eliminate, remediate or prevent environmental problems.
Small technologies will make an increasing contribution to Victoria's future economic and employment growth and have the potential to significantly improve industry productivity.
The Victorian Government released Victoria's Technology Plan for the Future – Small Technologies in October 2011. The plan will provide support to Victorian businesses to take advantage of developments in these enabling technologies and encourage industry to understand and take up the many opportunities that small technologies present.
The Enabling Technologies Skills Strategy – Small Technologies supports Victoria's small technologies skills and capabilities, and drives the use of small technologies by other Victorian businesses and industries.
Medical technology (medtech)
Victoria's medical technology (medtech) industry is diverse – including medical devices and diagnostics, digital and connected health products and services, healthcare consumables and equipment, through to tools for health and wellness, injury prevention and sport performance.
The Department supports this industry directly through initiatives outlined in Victoria's Medical Technology Strategy. The Strategy aims to support medtech companies to grow their business in Australia and internationally and to create an environment for multiple industries (e.g. advanced manufacturing and ICT) to collaborate to reach an internationally competitive scale.